Theoretical and Applied Economics
No. 11 / 2014 (600)
Relationship between the misalignment of the real exchange rate and capital flight in the developing countries
URECA, University of Sfax, Tunisia
Ridha NOUIRA
UREP, University of Sfax, Tunisia
Abstract. The objective of this work is to determine the role of the misalignment of the real exchange rate in capital flight for a sample of developing countries over the period 1980-2010. Firstly, we calculated the degrees of misalignment for all countries of our sample, which degrees were introduced as a determinant of capital flight. Then, we examined the effect of the overvaluation and the undervaluation on capital flight. The results show that a strong undervaluation may discourage capital flight, while a strong overvaluation can stimulate it.
Contents
Enhancing the capacity for innovation of public administration. An exploratory study on e-Governance, ICT, knowledge management in Romania
Exchange rates and foreign exchange reserves in Turkey: nonlinear and frequency domain causality approach
The challenges of accounting profession as generated by controlling
A cross-country comparison of the personal income tax systems progressivity
Covered bonds vs. assets securitization
A mark-up model of inflation for Morocco
Economic benefits of the infrastructure projects implemented in the Reservation of the Danube Delta Biosphere
Ontological constraints on rational irrationality: the case of electoral preferences
Relationship between the misalignment of the real exchange rate and capital flight in the developing countries
The leadership role of a local public administration CIO: the case of Bucharest