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Title: Does Financial Liberalization Decrease Capital Flight? A Panel Causality Analysis
Authors: Yalta, Ayşe Talha
Yalta, Abdullah Talha
Keywords: capital flight
financial liberalization
emerging markets
panel causality
Issue Date: 2016
Publisher: Elsevier Inc.
Abstract: We employ a panel causality approach in order to examine whether financial liberalization affects the magnitude of capital flight, which measures unrecorded accumulation of foreign assets by the private sector. Our data from 21 emerging market economies for the period between 1980 and 2004 show no significant evidence of a causal relationship. Lagged values of capital flight, however, seem to increase its current level, indicating its self-reinforcing characteristic. Our results suggest that financial liberalization policies per se may not be helpful in reducing capital flight.(This abstract was borrowed from another version of this item.)(
Description: Aşağıda künyesi bulunan makalenin RePec'te de kayıtlı çalışma raporu sürümü:A. Yasemin Yalta & A. Talha Yalta "Does Financial Liberalization Decrease Capital Flight? A Panel Causality Analysis," International Review of Economics and Finance, 22 (1), 92 – 100, 2012, TOBB University of Economics and Technology, Department of Economics, . Working Papers Series number 1102. JEL Codes: F32, F39, C23
Appears in Collections:İktisat Bölümü / Department of Economics
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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