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Full-Text Articles in International Economics
Mexico: Illicit Financial Flows, Macroeconomic Imbalances, And The Underground Economy, Dev Kar
Mexico: Illicit Financial Flows, Macroeconomic Imbalances, And The Underground Economy, Dev Kar
Dev Kar
The study traces the evolution of illicit financial flows from Mexico over the 41-year period 1970-2010. While such outflows have increased throughout the four decades, the pace picked up in the post- compared with the pre-NAFTA period. Furthermore, in spite of the somewhat erratic nature of the outflows over time, there is a discernable pattern to these outflows in the years leading up to the macroeconomic crises and their aftermath. We develop a dynamic simulation model that examines the interactions between fiscal developments, monetary expansion, and the generation of inflation on the one hand and on the interactions between the …
The Drivers And Dynamics Of Illicit Financial Flows From India: 1948-2008, Dev Kar
The Drivers And Dynamics Of Illicit Financial Flows From India: 1948-2008, Dev Kar
Dev Kar
This study examines the magnitude of illicit financial flows from India, analyzing the drivers and dynamics of these flows in the context of far-ranging reform. In the process, it represents perhaps the most comprehensive study on the subject matter, both in terms of the range of issues involved and the time span covered. At its heart is a dynamic simulation model which seeks to capture the complex interplay of economic, structural, and governance issues that underlie the generation and cross-border transfer of illicit capital. Due to the random nature of illicit flows, this model cannot be used to forecast such …