01649cas a2200265 a 4500 AALejournalIMF003797 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451862188 1018-5941 BD-DhAAL BD-DhAAL Saxena, Sweta. Robbing the Riches : Capital Flight, Institutions, and Instability / Sweta Saxena, Meenakshi Rishi, Valerie Cerra. Washington, D.C. : International Monetary Fund, 2005. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Capital flight may undermine economic growth and the effectiveness of debt relief and foreign aid. This paper is the first attempt to test whether unsound macroeconomic policies or weak institutions lead to capital flight, using panel data for a large set of developing, emerging market and transition countries. In addition, the paper tests the revolving door hypothesis that links debt accumulation and capital flight, and analyzes the contribution of institutions to several channels in this relationship. Mode of access: Internet Cerra, Valerie. Rishi, Meenakshi. IMF Working Papers; Working Paper ; No. 2005/199 Full text available on IMF http://elibrary.imf.org/view/journals/001/2005/199/001.2005.issue-199-en.xml IMF e-Library