caa a22 4500 445859199 CHVBK 20180317145437.0 cr unu---uuuuu 170323e20111101xx s 000 0 eng 10.1007/s10290-011-0100-3 doi (NATIONALLICENCE)springer-10.1007/s10290-011-0100-3 The costs of moving money across borders and the volume of capital flight: the case of Russia and other CIS countries [Elektronische Daten] [Josef Brada, Ali Kutan, Goran Vukšić] We estimate capital flight from seven countries of the Commonwealth of Independent States for the period 1995-2005. In some countries capital flight is large and growing, but other countries, despite similar macroeconomic and political circumstances, have little capital flight. We develop a model of capital flight that incorporates costs of moving money to offshore locations and show that such costs are an important determinant of capital flight. Liberalizing the trade and financial sectors accelerates capital flight by making it easier to move capital abroad. In the short run, greater regulation rather than external sector liberalization appears to have more potential to combat capital flight. Kiel Institute, 2011 Capital flight nationallicence Illicit money flows nationallicence Financial sector liberalization nationallicence Russia nationallicence Commonwealth of Independent States nationallicence Brada Josef W. P. Carey School of Business, Arizona State University, Tempe, AZ, USA aut Kutan Ali Southern Illinois University, Edwardsville, IL, USA aut Vukšić Goran Institute of Public Finance, Zagreb, Croatia aut Review of World Economics Springer-Verlag 147/4(2011-11-01), 717-744 1610-2878 147:4<717 2011 147 10290 https://doi.org/10.1007/s10290-011-0100-3 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10290-011-0100-3 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Brada Josef W. P. Carey School of Business, Arizona State University, Tempe, AZ, USA aut NATIONALLICENCE 700 1- Kutan Ali Southern Illinois University, Edwardsville, IL, USA aut NATIONALLICENCE 700 1- Vukšić Goran Institute of Public Finance, Zagreb, Croatia aut NATIONALLICENCE 773 0- Review of World Economics Springer-Verlag 147/4(2011-11-01), 717-744 1610-2878 147:4<717 2011 147 10290 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer