Capital Flight from Russia
Capital Flight from Russia
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DOI：
10.1111/1467-9701.00376
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发表时间：
2000-06
期刊：
影响因子：
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通讯作者：
Prakash Loungani;P. Mauro
中科院分区：
文献类型：
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作者：
Prakash Loungani;P. Mauro
本文记录了俄罗斯资本外逃的规模，将其与其他国家观察到的情况进行比较，并回顾了政策选择。来自其他国家的证据表明，一旦改革生效，资本外逃是可以逆转的。该文件认为，只有通过旨在改善治理和宏观经济表现以及加强银行体系的中期改革战略才能遏制资本外逃。资本管制会造成代价高昂的扭曲，应作为中期战略的一部分逐步取消。
This paper documents the scale of capital flight from Russia, compares it with that observed in other countries, and reviews policy options. The evidence from other countries suggests that capital flight can be reversed once reforms take hold. The paper argues that capital flight from Russia can only be curbed through a medium-term reform strategy aimed at improving governance and macroeconomic performance, and strengthening the banking system. Capital controls result in costly distortions and should gradually be phased out as part of that medium-term strategy.