Relationship between the misalignment of the real exchange rate and capital flight in the developing countries

Autor:	Abdessalem GOUIDER, Ridha NOUIRA
Jazyk:	angličtina
Rok vydání:	2014
Předmět:	capital flight equilibrium real exchange rate overvaluation undervaluation cointegration Business HF5001-6182 Economic theory. Demography HB1-3840 Economics as a science HB71-74
Zdroj:	Theoretical and Applied Economics, Vol XXI, Iss 11, Pp 121-140 (2014)
Druh dokumentu:	article
ISSN:	1841-8678 1844-0029
Popis:	The objective of this work is to determine the role of the misalignment of the real exchange rate in capital flight for a sample of developing countries over the period 1980-2010. Firstly, we calculated the degrees of misalignment for all countries of our sample, which degrees were introduced as a determinant of capital flight. Then, we examined the effect of the overvaluation and the undervaluation on capital flight. The results show that a strong undervaluation may discourage capital flight, while a strong overvaluation can stimulate it.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/c00a7e302f9f45159f4999c6027d0587 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF