An analysis of capital flight : the case of Hong Kong
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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