Capital Flight from Russia
Article Abstract:
This paper discusses the flight of capital from Russia and determines from comparative studies that capital control can not prevent it but results in distortions in the economy. It suggests a gradual elimination of the root causes which are the uncertainty over policies, the confiscatory nature of the tax system, the banking system's weakness and the unusual power of vested interests in the energy sector.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2001
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Compositional effects of capital controls - theory and evidence
Article Abstract:
The impact of restrictions in a small economy, on the debt and equity proportions, and the varied classes of international capital flows are discussed. Cross-border private financial capital is influenced by regulations. Factors like the taxation policy, and the characteristics of the capital market regulations affect the amount of such capital flows.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2003
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The Suitability of ASEAN for a Regional Currency Arrangement
Article Abstract:
In the Chiang Main Initiative, ten nations of ASEAN plus China, Korea and Japan considered moving toward a common currency because of the economic benefits to be gained. However, the move has not progressed because when their currency exchange rates could not be maintained, domestic currencies failed and financial crisis ensued.
Publication Name: World Economy
Subject: Economics
ISSN: 0378-5920
Year: 2001
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