Brothers in Distress: Revolving Capital Flows of Indonesia, Malaysia, and Thailand
The paper examines hypothesized linkages between external borrowings and capital flights as presented in [Boyce, J. K. (1992). The revolving door? External debt and capital flight: Philippine case study. World Development, 20(3), 335–349]. The results for Indonesia, Malaysia, and Thailand show that...
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| Format: | text |
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Archīum Ateneo
2007
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| Online Access: | https://archium.ateneo.edu/economics-faculty-pubs/111 https://www.sciencedirect.com/science/article/abs/pii/S1049007807001182 |
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| Institution: | Ateneo De Manila University |
| Summary: | The paper examines hypothesized linkages between external borrowings and capital flights as presented in [Boyce, J. K. (1992). The revolving door? External debt and capital flight: Philippine case study. World Development, 20(3), 335–349]. The results for Indonesia, Malaysia, and Thailand show that large sums of capital flowed in and out of these economies in a revolving door fashion. The findings suggest the necessity for sound domestic management as well as effective international involvement in capital flows. |
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