01715cas a2200241 a 4500 AALejournalIMF010053 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451962895 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Risk and Capital Flight in Developing Countries. Washington, D.C. : International Monetary Fund, 1990. 1 online resource (26 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 The risks of large capital losses on the domestic assets of developing countries resulting from expropriation, inflation, or devaluations are identified as the major causes of capital flight. The combination of large foreign loans and capital flight from developing countries during the 1970s and early 1980s reflected different perceptions of domestic residents and foreign lenders regarding the risks of holding domestic assets. However, the debt crisis reduced these differences in perceived risks, and resulted in a decline of foreign loans coupled with continuation of capital flight. If sound macroeconomic and structural policies can reduce those risks, they can also stem capital flight. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1990/064 Full text available on IMF http://elibrary.imf.org/view/journals/001/1990/064/001.1990.issue-064-en.xml IMF e-Library