Download or read book Capital Flight from Russia written by Mr.Prakash Loungani and published by International Monetary Fund. This book was released on 2000-06-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the scale of capital flight from Russia, compares it with that observed in other countries, and reviews policy options. The evidence from other countries suggests that capital flight can be reversed once reforms take hold. The paper argues that capital flight from Russia can only be curbed through a medium-term reform strategy aimed at improving governance and macroeconomic performance, and strengthening the banking system. Capital controls result in costly distortions and should gradually be phased out as part of that medium-term strategy.
Download or read book Capital Flight from Russia written by Prakash Loungani and published by . This book was released on 2000 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Mini Symposium Capital Flight from Russia written by Mini Symposium - Capital Flight from Russia and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Determinants of Capital Flight from Russia written by Marcella Mulino and published by . This book was released on 2000 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Crs Report for Congress written by William H. Cooper and published by BiblioGov. This book was released on 2013-11 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russian capital flight is a longstanding problem with very negative consequences for the Russian economy. Authoritative studies estimate Russian capital flight to have totaled $150 billion from 1992-1999. Recent reports of Russian money laundering and other financial scandals involving the Russian Central Bank, the Bank of New York, other commercial banks, and even former President Yeltsin's household involve forms of capital flight and have drawn greater attention to the problem. They have been the subjects of recent Congressional hearings and have focused the attention of Members of Congress and others on U.S. interests in Russia. Some legislation has been proposed as a result of concern over the these scandals and Russian capital flight. 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. More importantly, capital flight indicates a lack of confidence by Russian and foreign investors and residents in the Russian ruble, in the Russian financial system, and more generally in the Russian economy itself. Capital flight is a sign that Russia's transition to a market economy continues to be incomplete. An analysis of the rationale for Russian capital flight suggests that to reverse ...
Download or read book Does Russia Overcome the Processes of Capital Flight Economy written by Viacheslav A. Andreev and published by . This book was released on 2020 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of study is to assess an impact of the capital flight on the Russian economy and to identify the factors, which stipulate returning the capital to the Russian Federation. Analysis shows, in 2019 the share of public external debt denominated in the national currency was continuing to increase. External debt of the private sector has changed slightly, that is probably due to a pressure of sanctions against Russian companies, which impose a restriction of access to affordable sources of capital. Presumably that if the sanctions' pressure continues, this may stipulate a precondition for repatriation of capital. Made a prognosis that by 2025, capital flows from the offshore zone in Cyprus may reach 165.55 billion USD. Therefore, it might assist Russia's attempts to overcome the ongoing process of “flight of capital” and turning it to an economic model based on effect of “capital repatriation”. However, in the current situation, when evidently there is a stagnation in the economy, along the risks, it is quite difficult to find appropriate sectors for large-scale investments. Low consuming due to the low personal incomes remains a constraint factor. Therefore, we should not expect a mass influx of investments from the foreign off-shores. Moreover, there is a redistribution of the Russian capital among other off-shores, so a huge outflow from the Cyprus offshore will not have a serious impact on the Russian economy and financial market in a long-term view.
Download or read book Russian Capital Flight Economic Reforms and U S Interests written by and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russian capital flight is a longstanding problem with very negative consequences for the Russian economy. Authoritative studies estimate Russian capital flight to have totaled $150 billion from 1992-1999. Recent reports of Russian money laundering and other financial scandals involving the Russian Central Bank, the Bank of New York, other commercial banks, and even former President Yeltsin's household involve forms of capital flight and have drawn greater attention to the problem. They have been the subjects of recent Congressional hearings and have focused the attention of Members of Congress and others on U.S. interests in Russia. Some legislation has been proposed as a result of concern over the these scandals and Russian capital flight. 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. More importantly, capital flight indicates a lack of confidence by Russian and foreign investors and residents in the Russian ruble, in the Russian financial system, and more generally in the Russian economy itself. Capital flight is a sign that Russia's transition to a market economy continues to be incomplete. An analysis of the rationale for Russian capital flight suggests that to reverse capital flight the Russian economy will have to provide an environment that motivates asset- holders to keep their wealth in rubles and repatriate assets that they have sent abroad. To do so, the Russian policymakers will have to take significant steps to establish and maintain macroeconomic stability and to complete the partial economic restructuring. Post-Cold War U.S. policy has reflected a number of national security, foreign policy, and economic interests. U.S. policy has aimed to decrease the Russia military threat and at the same time encourage the development of democracy in Russia. In the economic sphere, U.S. policy has focused on establishing economic stability and on developing the institutions required for a market economy. The United States also views Russia has a burgeoning trade partner and source of investment opportunities. It can be argued that without a sound economy, Russia will find it difficult to achieve political stability, which in turn might increase the national security threat posed by Russia. Continuing capital flight is an indicator that Russia has yet to realize a functioning market economy. In the near term, U.S. economic policy on Russia is likely to focus on the issue of whether to delay or move forward with pending IMF assistance. However, whether Russia undertakes complete economic reform will be determined by Russia alone. A key question in U.S. policy is whether it can persuade Russian policymakers to procede with economic reform.
Download or read book Capital Flight and Capital Outflows from Russia written by Willem H. Buiter and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Flight from Russia written by David Greenaway and published by . This book was released on 1998 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Flight from Russia written by Prakash Loungani and published by . This book was released on 2000 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russian Capital Flight Economic Reforms and U S Interests written by William H Cooper and published by . This book was released on 2000 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Capital Flight and Foreign Investment written by Terry Sicular and published by London : Department of Economics, University of Western Ontario.. This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Piratization of Russia written by Marshall I. Goldman and published by Routledge. This book was released on 2003-04-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires.
Download or read book The Costs of Moving Money Across Borders and the Volume of Capital Flight written by Josef C. Brada and published by . This book was released on 2011 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Restructuring Stabilizing and Modernizing the New Russia written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia has embarked upon a difficult process of systemic transformation and economic opening up. While the initial strong GDP decline seemed to have ended in 1997, the real development was facing even more difficult problems as output declined sharply after the Ruble and banking crisis of August 1998: inflation started to increase again, exports and imports were falling, capital flight increasing and unemployment rising. There is broad disappointment in Russia regarding the transformation failure in 1998 since so many people had hoped that the end of the Soviet command economy would bring democracy, prosperity and international integration. While Poland has been able to double per capita income in the 1990s it has fallen by 50% in Russia and this despite considerable IMF involvement and some (modest) support from other international organizations. What were the reasons for transformation failure in the 1990s? What are the ingredients for long term sustainable transformation? What are the internal and international requirements to avoid a second - possibly tragic - failure of transformation in Russia? An international group of researchers has focussed on these problems during a two-year research project financed by the Alfried Krupp von Bohlen und Halbach Foundation. A series of papers were presented at workshops in Potsdam, Bonn and Moscow in 1999 where this book is devoted to four important issues: the Russian transformation crisis, the topic of restructuring, the need for stabilizing Russia and the requirements for modernizing Russia.
Download or read book The Value of Waiting written by Claudia M. Buch and published by . This book was released on 1998 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Russia s Uncertain Economic Future written by John P. Hardt and published by Routledge. This book was released on 2015-04-15 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this volume analyze the present state of the Russian economy and its future prospects - which now seem brighter than at any previous time in the country's history. The Russian economy is now showing positive GDP growth and a positive balance of payments, portending a trend of sustained growth. The record of the Putin presidency with respect to the establishment of market-friendly legal and administrative environments is substantially positive. On the other side of the ledger, the contributors identify the persistence of monopolies in energy, transportation, and agriculture; distortions resulting from corruption, infrastructural inadequacies, and the maldistribution of political power and decision-making authority; demographic decline and the erosion of human capital as manifested in the health, education, and welfare of the population. Russia's successful development as a democratic society with a market economy is of great importance to its neighbors and to the global economy, and specifically to the United States, which is why the U.S. Congress commissioned these studies by expert analysts. This edition includes a comprehensive subject index, making the volume user-friendly.
