Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand

The paper revisits the hypothesized direct linkages between two types of capital flows: external debt and capital flight. Do the linkages exist in the cases of Indonesia, Malaysia, the Philippines, and Thailand? The results indicate that, indeed, large sums of capital flowed in and out of these four...

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Detalles Bibliográficos
Autor principal: Beja, Edsel L. - Autor/a
Formato: Text draft Doc. de trabajo / Informes
Lenguaje:Eng
Publicado: CODESRIA 2013
Materias:
Economy
Economic policy
Capital
Capital flows
External debt
Capital flight
Acceso en línea:http://biblioteca.clacso.edu.ar/gsdl/collect/clacso/index/assoc/D8800.dir/06_Edsel_L-_Beja_Jr.pdf
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-D8800
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Eng
topic Economy
Economic policy
Capital
Capital flows
External debt
Capital flight
spellingShingle Economy
Economic policy
Capital
Capital flows
External debt
Capital flight
Beja, Edsel L. - Autor/a
Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand
topic_facet Economy
Economic policy
Capital
Capital flows
External debt
Capital flight
description The paper revisits the hypothesized direct linkages between two types of capital flows: external debt and capital flight. Do the linkages exist in the cases of Indonesia, Malaysia, the Philippines, and Thailand? The results indicate that, indeed, large sums of capital flowed in and out of these four countries in a revolving door manner. The implications of the results suggest the need for enhanced domestic management and international coordination in capital flows (i.e., external debt and capital flight) and the importance of sound domestic macroeconomic management and solid macro-organizational foundations. Finally, the results lend support to the case for challenging the legitimacy of a substantial portion of these countries´ external borrowings and the rationale for continuing to service such debts.
format Text
draft
Doc. de trabajo / Informes
author Beja, Edsel L. - Autor/a
author_facet Beja, Edsel L. - Autor/a
author_sort Beja, Edsel L. - Autor/a
title Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand
title_short Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand
title_full Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand
title_fullStr Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand
title_full_unstemmed Why capital was fleeing Southeast Asia? Evidence from Indonesia, Malaysia, Philippines, and Thailand
title_sort why capital was fleeing southeast asia? evidence from indonesia, malaysia, philippines, and thailand
publisher CODESRIA
publishDate 2013
url http://biblioteca.clacso.edu.ar/gsdl/collect/clacso/index/assoc/D8800.dir/06_Edsel_L-_Beja_Jr.pdf
work_keys_str_mv AT bejaedsellautora whycapitalwasfleeingsoutheastasiaevidencefromindonesiamalaysiaphilippinesandthailand
bdutipo_str Repositorios
_version_ 1764820430181367813

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