Fung, Kit Bing Teresa
This thesis studies capital flight from a short and long run perspective. It is stressed
that the distinction between short and long run is important for proper understanding
of the movements of real and financial capital. This is particularly relevant for the
case of Hong Kong, in which the main motivation is the 1997 uncertainty. The political
shock led to a fall in expected profitability and immediately set off a flight of financial
capital. In the longer run, and occupying a...[Show more]
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