Capital Flight from Africa

Abstract

PART I: WHY CARE ABOUT CAPITAL FLIGHT? 1. Introduction: Scale, Causes and Effects of Capital Flight from Africa 2. Capital Flight from Africa: Measurement and Drivers 3. Capital Flight and Economic Development in Africa 4. Capital Flight and Poverty Reduction in Africa PART II: ECONOMIC DIMENSIONS 5. Capital Flight and Flow of Funds 6. Capital Flight and Monetary Policy in Africa 7. Financial Liberalization and Capital Flight: Evidence from the African Continent 8. Capital Flight and the Financial System 9. Macroeconomic Impact of Capital Flight in Sub-Saharan Africa PART III: INSTITUTIONAL DIMENSIONS 10. Natural Resources and Capital Flight: A Role for Policy? 11. Governance and Illicit Financial Flows 12. Tax Evasion and Capital Flight in Africa 13. Capital Flight, Tax Havens and Secrecy Jurisdictions 14. Illicit Financial Flows and Stolen Assets Value Recovery 15. Capital Flight and Institutional Frameworks to Promote Transparency PART IV: CONCLUSION 16. Strategies for Addressing Capital Flight