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| | Capitalism |
 | | Areas of capitalism or private ownership may remain in certain sectors (such as small businesses) under socialism, but industry and labor are regulated by the state for the benefit of the populace at large. | | | certain financial practices, known specifically as finance capitalism, concerning the purchase and sale of corporate debt and equity, often on liquid secondary markets. | | | For many (like Immanuel Wallerstein), capitalism hinges on the elaboration of an economic system in which goods and services are traded in markets, and capital goods belong to non-state entities, onto a global scale. |
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http://www.sciencedaily.com/encyclopedia/capitalism_1
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| | Capital Flight, by Darryl McLeod: The Concise Encyclopedia of Economics: Library of Economics and Liberty |
| | Yet another option is to reduce the tax benefits of capital flight by having rich and poor countries adopt new tax treaties and exchange data on income paid to foreigners. | | | One reason that capital fled the debtor countries is that domestic investors felt their government would give precedence to its foreign rather than its domestic debt obligations. | | | The U.S. government's termination in 1984 of the 30 percent withholding tax on U.S. portfolio income paid to foreigners and a similar lack of reporting by European governments are often blamed for encouraging capital outflows to those countries. |
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http://www.econlib.org/LIBRARY/Enc/CapitalFlight.html
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| | External Debt and Capital Flight in Sub-Saharan Africa |
| | Experience has shown that foreign borrowing and capital flight were most pronounced in those countries that had higher and more variable rates of inflation, larger fiscal deficits, and overvalued currencies. | | | From the estimates, eight variants of capital flight measurement are derived, four of which are based on the concept of normal capital outflows whereas the other four are based on the concept of unrepatriated external earnings. | | | Resident capital outflows from Tanzania are measured by three approaches: the balance of payments, the residual, and cross-border bank deposits. |
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http://www.imf.org/external/pubs/nft/2000/extdebt
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| | CRS Report RL30394 - Russian Capital Flight, Economic Reforms, and U.S. Interests: An Analysis - NLE Abstract |
| | Capital flight deprives the Russian economy of critical financial resources that could be used for investment, tax revenues, restructuring pensions, and other social security programs. | | | Russian capital flight is a longstanding problem with very negative influences and consequences for the Russian economy.(1) It deprives the Russian economy of critical financial resources that could be used for investment, tax revenues, and restructuring pensions and other social security programs. | | | Some legislation has been proposed as a result of concern over the these scandals and Russian capital flight. |
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http://www.ncseonline.org/NLE/CRS/abstract.cfm?NLEid=16630&CFID=1642064&CFTOKEN=26641215
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| | Russia capital flight still $1bn per month |
| | Capital flight has been at the centre of Russia's problems in paying its debts and while some is legitimate, much is illegal and has provoked the ire of the International Monetary Fund and triggered allegations of money laundering through the Bank of New York. | | | Two pieces of legislation are currently under discussion aimed at increasing supervision of foreign exchange transactions, one which would require registration of firms which are often set up as shells for the purpose of exporting capital and another which aims to identify deals with suspicious financial terms aimed at abetting the capital flight. | | | Deputy central bank governor Victor Melnikov, in London for a meeting with the European Bank for Reconstruction and Development, said the pace of the outflow had easing from the annual $15 billion in 1999 and $25 billion at the height of Russia's recent financial crisis in 1998. |
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http://www.geocities.com/cpa_blacktown/20000208russireuuk.htm
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| | Challenge: Regulating Capital Flight |
| | The size of flight capital held abroad by Russian citizens today is estimated to be roughly the size of the country's external debt, and the annual outflows in recent years have been more than four times the country's annual external debt-servicing costs. | | | Or, some governments greatly in need of capital might request the U.S. to supplement their efforts to attract capital back to the native country by providing information or imposing special regulations or even special taxes on the holdings of the nationals of the foreign countries. | | | The neglect of capital flight in current debates is also striking, given the attention it received at the 1944 Bretton Woods conference. |
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http://www.findarticles.com/p/articles/mi_m1093/is_1_44/ai_71359948
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| | Capital Flight Accelerates and Moves East |
| | Capital expenditures by these affiliates reached $115.1 billion and their sales totaled $2,052.7 billion. | | | Capital expenditures by U.S. multinationals totaled $467.3 billion in 2002. U.S. parents accounted for $350.6 billion; majority-owned foreign affiliates accounted for $116.7 billion. Sales by U.S. parent companies totaled $6,483.2 billion, and those by | | | U.S. parents accounted for about three- quarters, and majority-owned foreign affiliates for about one-quarter, of their combined employment and capital expenditures. Although these shares remained high, they were several percentage points below their 1988 values. |
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http://www.laborresearch.org/story2.php/359
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| | DO EXCHANGE CONTROLS PREVENT CAPITAL FLIGHT |
| | Meyer and Bastos Marques, in "A Fuga de Capital no Brasil", conclude that the accumulation of huge foreign debts, the borrowing allowed fiscal deficit, expansive monetary policy, and appreciated currency were the determinant causes of capital flight in Brazil. | | | Until today foreign capital inflows continue having to be registered at the CBB in order to assure the investors and lenders the right to return the principal and the interest (interest rates, profits and dividends) abroad. | | | When the faked invoicing is related to capital flight, this phenomenon represents a demand for illegal foreign exchange that is fed by the supply created by phenomena such as "leaked" inward remittances and capital flows and primarily by underinvoicing exports and overinvoicing imports. |
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http://www.gwu.edu/~ibi/minerva/Fall1997/Israel.Pinheiro.html
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| | Learn more about Investment policy in the online encyclopedia. |
| | Investment policy in many nations is tied to immigration policy, either due to a desire to prevent human capital flight by forcing investors to keep local assets in local investments, or by a desire to attract immigrants by offering passports in a safe haven nation, e.g. | | | A strong and central criticism of the new global rules, made by many in the anti-globalization movement, is that guarantees are often available to foreign investors that are not available to local small investors, and that capital flight is encouraged by such free trade pacts. | | | Investment policy favoring local investors over global ones is typically discouraged in such pacts, and the idea of a separate investment policy rapidly becomes a fiction or fantasy, as real decisions reflect the real need for nations to compete for investment, even from their own local investors. |
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http://www.onlineencyclopedia.org/i/in/investment_policy.html
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| | Guardian Russian capital flight rises |
| | Capital flight from Russia is heading towards levels not seen since just before the financial crisis in 1998, according to a leading debt-rating agency. | | | Fitch said Russia's current account surplus and its foreign reserves meant that the extent of the capital flight did not pose a near-term "external financing risk", but it said that if the money had not been sent offshore it could have been usefully invested in Russia. | | | Economists said it was impossible to tell what proportion of cash was being invested outside Russia to diversify risk and how much was down to lack of confidence. |
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http://www.guardian.co.uk/print/0,3858,5214812-103610,00.html
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| | TRiSTERO Capital moves |
| | This mobility is both functional (as capital is metamorphosed from productive to commodity to money capital, and back) and spatial (as capital flows/flees through the world in search of a means of self-expansion). | | | Labour, from the start, flees from capital in pursuit of autonomy, ease, humanity, but can escape from its dependence upon and subordination to capital only by destroying it, by destroying the private appropriation of the products of labour. | | | 3.The only possible justification for the notion of a "national capital" would be in terms of the understanding of the national state as an obstacle to the equalisation of the global rate of profit (cf. |
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http://www.tristero.gr/show.php?id=273
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| | BizFocus: Capital Flight Increasing |
| | A clear indication of China's capital flight is the discrepancy between rising exports and the nation's static foreign reserves: while proceeds from exports has risen, China's foreign reserves have not increased. | | | The amount that remains, which cannot otherwise be accounted for, is a rough estimate of capital flight. | | | Some of these funds transfers, including private capital and proceeds from trade, are beyond the government's control. |
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http://www.chinatownsydney.com/bizFocus.cfm?id=97
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| | Currency Crises and Capital Flight |
| | The broader effect of capital flight, which occurs in anticipation of a balance of payments crisis, is that it can actually force a crisis to occur much sooner. | | | If the capital flight is large enough, even if it is completely unwarranted based on market conditions, it could nonetheless deplete the remaining reserves and force the central bank to devalue the currency. | | | When this occurs it will result in capital flight, which in turn is likely to aggravate the balance of payment crisis. |
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http://internationalecon.com/v1.0/Finance/ch90/F90-5.html
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| | Russian Capital Flight - Johnson's Russia List 1-15-03 |
| | Although new Central Bank data show that the pace of net capital outflows surged in the fourth quarter to $5 billion, bringing the total for the year to $12.5 billion, the bank does not calculate capital flight, leaving economists to guess about a crucial indicator of investor confidence. | | | Before the crisis it was mainly financed by foreign portfolio investments, but now most of the outflow consists of corporate money and is largely due to the increase of foreign loans. | | | Of seven economists from major investment banks polled Tuesday, five said capital flight is increasing and two said it is declining. |
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http://www.cdi.org/russia/Johnson/7018-15.cfm
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| | Coping With Capital Flight |
| | Some of the best brains are presently exploring ways the world financial system might be reformed so that emerging nations can get access to capital, but at the same time be protected from the fickleness and caprice of the world's asset management elite. | | | A loan package from the International Monetary Fund (IMF) would help, but must be purchased at the expense of lost economic and political autonomy. | | | As the peso went into free fall against the dollar, U.S. Treasury Secretary Robert Rubin scrambled to put together a bailout package so that a Mexican default on its external debt could be forestalled. |
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http://www.clt.astate.edu/crbrown/flight.htm
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| | Capital Flight From Russia Quadrupled in 2004 - MONEY - MOSNEWS.COM |
| | Capital flight — in which Russian businesses and individuals send money overseas, through legal or illegal means, rather than investing it or saving it domestically — has been a matter of key concern in the country& efforts to establish post-Soviet economic stability. | | | Peter Westin, economist at Moscow’s Aton brokerage house told AP that he had anticipated capital flight of $12 billion for 2004, and noted that the Central Bank figures were normally subject to review later. | | | A bumper inflow in the last three months of 2004 of $10.3 billion had taken the edge off the figures, Westin said, as Yukos began paying back part of the $27 billion that tax authorities say it owes in back bills. |
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http://www.mosnews.com/money/2005/01/14/capitalflight.shtml
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| | Argentina targets capital flight |
| | Curbing tax evasion and preventing a flight of capital are considered crucial steps in seeking to revive Argentina's moribund economy. | | | The government's decision to freeze bank accounts through caps on cash withdrawals aimed at preventing a flight of capital. | | | Police also seized video tapes from toll booths that could help establish whether an unusual number of armored trucks headed to the airport in the weeks before and just after the government froze 60 billion dollars in the banking system on December 3. |
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http://www.news24.com/News24/Archive/0,,2-1659_1132454,00.html
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| | Banks experience massive capital flight |
| | The move, widely welcomed by the country’s business community, has forced interest rates on bank loans to tumble from as high as 70 percent to around 15 percent, setting off a massive capital flight to the equity market which had remained in the doldrums for years as investors focused attention on the money market. | | | Most bankers concede that as long as the excess liquidity prevailed, they had little chance of re-snatching investors away from the equity market, which last enjoyed the good times way back in 1997 when it was voted one of the world’s best performing bourses by the International Finance Corporation. | | | HARARE, Zimbabwe (PANA) —Zimbabwe’s banks, which for years have been the investor’s first choice as they offered annual gains of up to 65 percent in interest, are now facing a massive capital flight to the equity market after cheaper funds made available by the Central Bank sharply brought down interest rates. |
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http://www.finalcall.com/international/zimbabwe02-20-2001.htm
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| | Divergence spells capital flight from Poland and Hungary Emerging Markets |
| | The increasing risk of capital flight and sharp sell-off of investment assets and currencies in Poland and Hungary is not reflected in asset values, especially the international bonds of both countries. | | | On May 1, eight Central and East European countries, as well as Malta and part of Cyprus will join the E.U. In most of these countries, the process of economic convergence with the richer countries of the E.U., or the equalization of GDP per capita, is well under way. | | | As investors come to realize that divergence has overtaken convergence in Poland, capital flight could rapidly develop, spreading from Poland to Hungary, leaving domestic and international bond prices much lower and exchange rates sharply depreciated in both countries. |
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http://www.ameinfo.com/37396.html
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| | BRAZIL: CAPITAL FLIGHT UP, BUT BALANCED BY INVESTMENTS |
| | So far this month, however, capital flight has been balanced by funds entering from foreign groups who bought privatised companies in recent months. | | | The brutal fiscal adjustment is an all out attempt to reestablish confidence in the national economy and to permit its future recovery, although it will also aggravate the recession predicted for next year. | | | But there are economists who consider devaluation of the real (the Brazilian currency) indispensable, as these fiscal acrobatics will not eliminate the need to reduce dependence on foreign capital. |
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http://www.sunsonline.org/trade/process/followup/1998/10200298.htm
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| | The Secret of Free Enterprise Capital Accumulation |
| | All true costs are labor costs so we ignore monopoly capital costs, which go to the developed world and only increases the advantage anyway, and calculate the cost of those widgets at the labor cost of production, $1 an hour and $10 an hour. | | | Honest capital is but stored labor and the proper cost of virtually every manufactured product, including industrial capital, is the price of labor to produce it. | | | Capital that has extended its influence over these new territories knows its own interests, works together in its common interests even while individual capitals compete, [and] coordinates its goals and its strategies in its common interest.... |
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http://www.ied.info/books/ed/externaltrade.html
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| | RUSNET :: Economists Detect New Capital Flight |
| | In the domestic market, this was partly due to growing imports, which are paid for with foreign currency. | | | Russians this summer exchanged rubles for hard currency and spent that money on vacations abroad, which drained some of the Central Bank's reserves. | | | The estimated sell-off could have been more than $1 billion, according to Orlova. |
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http://www.rusnet.nl/news/2003/09/19/print/businesseconomics_02_4032.shtml
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| | Globalize That: Capital Flight to China |
| | On the other hand, the sober business logic of capital seeking lower labor costs worldwide is hard to miss. | | | Subsequently, the trend of job loss from firms shifting work abroad is reaching into the ranks of America's "upscale" white collar workers. | | | More recently, the cutting of social spending as U.S. investment capital scours the globe for higher rates of return has been called "globalization." |
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http://www.commondreams.org/cgi-bin/print.cgi?file=/views03/0812-03.htm
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| | New Energy - Reports / Will capital flight make small business flourish? |
| | In fact, oil companies are in a great position to finance their projects themselves as oil prices are booming at record levels. | | | Several analysts (Michael Taylor, a Senior East European Editor of Oxford Analitica; Pavel Erochkine of the Centre for Global Studies) roughly agree with these estimates. | | | Two European banks, Societe Generale and ING, have pulled out of a $600 million deal loan to TNK-BP. |
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http://www.newenergyanalytics.com/reports/index.phtml?350
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| | Capital Flight? |
| | Financial liberalization, free movement of capital, is a standard view of the International Monetary Fund, other international financial institutions, the U.S. Treasury, and numerous scholars in think tanks and universities. | | | The absence of exchange controls on both current and capital account transactions is standard policy in Western market economies. | | | Their Russian counterparts, who have read Western textbooks or studied in the West, agree that reducing or eliminating exchange controls on capital account transactions are a hallmark of a market economy. |
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http://www.russianeconomy.org/comments/031501.html
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| | Capital Crimes by George Winslow |
| | Based upon extensive research and interviews, Capital Crimes presents a comprehensive alternative to a "lock 'em up" approach that has produced a gargantuan prison-industrial complex without coming to terms with the current system of global production and finance that make crime so appealing and lucrative. |
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http://www.monthlyreview.org/crimes.htm
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| | Thread and Thrum: Human Capital Flight |
| | It also looks at possible actions for dealing with the impact of human capital flows taking advantage of global knowledge sharing arrangements and applying measures to reduce pressures for emigration. | | | It reviews the evolution of tertiary education in Africa and its adaptation to the changing systems of knowledge generation and sharing in the global context. | | | The authors conclude that a more market oriented approach in the delivery of tertiary education in the region is needed to meet the demand. |
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http://threadandthrum.blogspot.com/2005/01/human-capital-flight.html
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| | JRL 4-1-02 - Russia, Capital Flight |
| | It is also planned to take other measures to enhance the financial transparency of major corporations' activity and create conditions for increasing the mobility of financial capital, reads the document. | | | To accomplish this aim, it has been proposed in particular to amend the law On Currency Regulation and Currency Control to slow down processes encouraging capital flight and set up conditions for the efficient use of capital resources in Russia. | | | March 29 (Interfax) - Unsanctioned capital flight from Russia will drop by about 40% by 2005, according to a forecast of Russia's economic development in 2003 and in the period up to 2005 that the Ministry of Economic Development and Trade prepared for a government session on Friday. |
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http://www.cdi.org/russia/johnson/6165-3.cfm
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| | What's New Archive |
| | In some countries, the capital flight has been more than the debt itself. | | | Often, those same regimes that the West had put into power diverted much money into foreign banks. |
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http://www.globalissues.org/WhatsNew/WhatsNewSeptember2000.asp
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| | Albert Replies to a Question about Capital Flight |
| | Capital flight is a powerful tool for capital to reduce restraints, win tax reforms, etc. etc. | | | More, the same movement is perfectly capable of adding to its lists of non-reformist reforms conditions that any corporation that seeks to move has various responsibilities to fulfill before it is permitted to do so -- or, better, can take its name but loses its infrastructure, equipment, etc., to its employees. | | | The actuality of capital flight, however, I believe, is less consequential.... |
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http://www.zmag.org/ZMag/articles/albertcapfly.htm
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| | ADB warns of capital flight |
| | The ADB report said, however, that the region was in better position than it was during the Asian crisis of 1997-98 that resulted in a freefall of regional currencies. | | | "Although ample official foreign reserves and strong macroeconomic fundamentals limit the risk of a financial crisis recurring, sound management of capital flows is particularly important for these countries to arrest excess volatility in their currency and financial market," the repor+t said. | | | Court upholds SEC decision to fold Lifetime back to Pacific |
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http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=04&dd=22&file=5
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| | International Policy - Capital Flight From Russia |
| | That will only happen when the currency is stabilized, taxes on capital are reduced and property rights secured. | | | It may take the form of people smuggling money out in suitcases or it may be done through sophisticated banking transactions. | | | Western analysts put capital flight from Russia at a minimum of $25 billion to $50 billion and perhaps as much as $300 billion. |
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http://www.ncpa.org/pi/internat/sept98g.html
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| | Reason over might: Capital flight eliminated! |
| | Thirdly, by limiting capital mobility, Hernández is introducing a (further) disincentive for foreign investment. | | | Who would want to invest in a country where repatriating profits could be made difficult to impossible by categorizing such an action as capital flight? | | | Hernández's statement implies that stopping capital flight is a cure-all for Venezuela's economic problems. |
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http://reasonovermight.blogspot.com/2005/02/capital-flight-eliminated.html
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| | Martha Jewett's Title List |
| | The Handbook of Capital Investing: Analyses and Strategies for Investment in Capital Assets, by Anthony F. Herbst (HarperBusiness, 1990). | | | The Book of Interest and Money: A Compendium of Everything You'll Ever Need to Calculate Yields, Rates of Interest, and Rates of Return on Investments, Loans, Mortgages, and Insurance Policies, by Thomas M. Carrington (HarperBusiness, 1989). | | | Encyclopedia of Investment Taxation and Year-Round Planning Guide, by Kenneth J. Soderman (HarperBusiness, 1991). |
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http://www.marthajewett.com/titlelist.htm
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| | Capital flight - Wikipedia, the free encyclopedia |
| | This fall is particularly damaging when the capital belongs to the people of the affected country, because not only are the citizens now burdened by the loss of faith in the economy and devaluation of their currency, but probably also their assets have lost much of their nominal value. | | | 2001 was in part the result of massive capital flight, induced by fears that Argentina would | | | Capital flight was seen in some Asian and |
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http://en.wikipedia.org/wiki/Capital_flight
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| | Capital Flight |
| | A capital flight may occur from countries that investors believe to have high inflation or other unnecessary country-specific risks that offer only a small chance of a higher investment return. | | | How does it affect your investments and standard of living? | | | The action of investors moving their securities out of a particular country because of a fear of country-specific risks or political instability, or because of the lure of higher returns in a different country. |
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http://www.investopedia.com/terms/c/capitalflight.asp
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| | EconPapers: Political Risk and Capital Flight |
| | This paper presents a portfolio choice model that relates capital flight to rate of return differentials, risk aversion, and three types of risk: financial risk, political risk, and policy risk. | | | Keywords: capital flight ; political risk ; policy risk ; portfolio choice (search for similar items in EconPapers) | | | We also identify several political factors that reduce capital flight by signaling market-oriented reforms are imminent. |
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http://econpapers.repec.org/paper/clmclmeco/2001-10.htm
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| | Economy ministry voices capital flight forecasts |
| | Growth in gold and currency reserves is forecasted at $48bn to $50bn in 2005. | | | Previously, the ministry forecasted that net capital flight from the economy's private sector would remain at 2004's level. | | | Capital flight from Russia will reach at least $5bn to $7bn this year, Economic Development and Trade Minister German Gref has told today's government meeting. |
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http://www.russiajournal.com/russian/news_48362.html
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| | Capital flight and capital outflows from Russia: symptom, cause and cure [EBRD - Publications] |
| | As reforms progress (financial sector reforms and a fundamental overhaul of the public administration are key), Russian ‘capital flight’ is set to decrease gradually. | | | Capital flight is a fuzzy and unhelpful concept. | | | Russian capital outflows should be analysed in a wider context involving all major determinants of the risk and return faced by Russian savers and investors. |
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http://www.ebrd.com/pubs/econo/wp0073.htm
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| | Capital Flight from Russia Reduced to USD 2.9 Billion in 2003 RosbaltNews.COM |
| | This was announced by the Russian Central Bank on the basis of provisional figures regarding the country's balance of payments. | | | Capital flight from the private sector of the Russian economy was reduced to USD 2.9 billion in 2003. | | | USD 9.6 billion was brought into the country by the banking sector (USD 2.5 billion in 2002) while non-financial corporations accounted for capital flight of USD 12.5 billion, leaving overall capital flight at USD 2.9 billion. |
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http://www.rosbaltnews.com/2004/01/06/65263.html
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| | CNN.com - Russia bank 'sees capital flight' - Nov. 8, 2003 |
| | He said net private capital outflow was $7.7 billion in the third quarter of the year and the bank estimated it would reach $8.6 billion for the full year. | | | Oleg Vyugin told the Financial Times he expected a net private capital flight of more than $13 billion in the last six months of the year, compared to a net $4.6 billion inflow in the first half. | | | Credit ratings agency Standard & Poor's this week threatened a sovereign downgrade if the Yukos crisis leads to capital flight. |
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http://www.cnn.com/2003/WORLD/europe/11/08/yukos.reut
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| | Preferential trade, mis-invoicing and capital flight |
| | It is commonly argued that presence and persistence of regulatory control on trade and payments induces exporters and importers to undertake illegal transactions. | | | capital flight can be controlled and parallel foreign exchange market can be weakened.through liberal trade policies | | | Mexican trade: reducing the incidence of capital flight and the black market through trade policy |
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http://www.eldis.org/static/DOC12510.htm
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| | Rising capital flight worries Venezuela's Chavez [Free Republic] |
| | The bolivar has depreciated only 3.6 percent so far this year, compared with inflation of 7.5 percent during the same period, as the Central Bank has sold foreign reserves to stabilize it. | | | In the face of heightened capital flight, Chavez was forced to clarify that his government was considering neither exchange controls nor devaluing the bolivar, which many private economists regard as overvalued by up to 30 percent. | | | Enrich the loaners and the corrupt politicians who take the loans. |
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http://www.freerepublic.com/forum/a3b685d171907.htm
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| | 2066. Flight Capital as a Portfolio Choice |
| | The effect of the HIPC debt relief initiative on capital repatriation will vary massively between HIPC-eligible countries. | | | Collier, Hoeffler, and Pattillo examine flight capital in the context of portfolio choice. | | | They explain differences in portfolio choice in terms of the capital to labor ratio, indebtedness, exchange rate distortions, and risk ratings—all proxies for differences in the risk-adjusted rate of return on capital. |
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http://www.worldbank.org/html/dec/Publications/Workpapers/wps2000series/wps2066/wps2066-abstract.html
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| | EconPapers: Public Debts and Private Assets:Explaining Capital Flight from Sub- Saharan African Countries |
| | We also explore the effects of several other factors - inflation, fiscal policy indicators, the interest rate differential, exchange rate appreciation, financial development, and governance. | | | The econometric analysis reveals that external borrowing is positively and significantly related to capital flight, suggesting that to a large extent capital flight is debt- fueled. | | | New Economics Papers: this item is included in nep-afr, nep-dev and nep-ifn |
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http://econpapers.repec.org/paper/umaperiwp/wp32.htm
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| | KeepMedia Newsweek: Capital Flight From America? |
| | Unpredictable capital flows--the fancy term for global money movements--loom as a constant threat to world economic stability. | | | The last major disturbances occurred in 1997 and 1998, when capital flight out of Asia...... | | | Dollar stumbles after weak capital flow, tame inflation data |
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http://keepmedia.com/pubs/Newsweek/2000/10/02/319100?extID=10032&oliID=213
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| | americas.org - Capital Flight Draws Probe |
| | The Criminal Investigations Directorate of Argentina’s Federal Police conducted searches in the main offices of foreign and local banks and other companies from January 16 through January 18 in an investigation into the flight of as much as $26 billion from the country in the month before bank accounts were frozen on December 3. | | | The banks investigated were Citibank (part of Citigroup) and BankBoston, both U.S.-based; the British HSBC; BBVA (Banco Bilbao Viscaya Argentaria) and Banco Río, both Spanish-owned; and Banco Galicia, a private Argentine bank. | | | Federal deputy Franco Caviglia, of the ruling Justicialist Party (PJ, Peronist) charged that 358 armored trucks were seen in Ezeiza International Airport, the capital’s main airport, in November. |
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http://www.americas.org/item_7489
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| | Capital-Flight, Investing and Stock Information |
| | Recognize that making mistakes is an inherent cost of investing. | | | If your primary investment goal is long-term appreciation of capital, then you should de-emphasize the importance of dividends. | | | He also says that investors should never sell their most attractive stocks for short-term reasons. |
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http://www.lowpriceearnings.com/Capital-Flight.htm
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