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CAPITAL FLIGHT

Statistics Directorate    
French Equivalent: Fuite des capitaux

Definition:
Capital flight may be defined as transfer of assets denominated in a national currency into assets denominated in a foreign currency, either at home or abroad, in ways that are not part of normal transactions. (Abalkin and Walley (1999) – ref. Handbook Chapter 10).

Source Publication:
Measuring the Non-Observed Economy: A Handbook, OECD, IMF, ILO, Interstate Statistical Committee of the Commonwealth of Independent States, 2002, Annex 2, Glossary.

Hyperlink:
http://www.oecd.org/dataoecd/9/20/1963116.pdf

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, February 04, 2004