Series: IMF Working Papers
Author(s): Anke Hoeffler , Catherine Pattillo , and Paul Collier
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 1999
Keywords: Capital flight, portfolio choice, debt, domestic investment, foreign debt, interest
This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent...