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dc.contributor.authorFjeldstad, Odd-Helge
dc.contributor.authorHeggstad, Kari K.
dc.date.accessioned2018-01-04T08:21:16Z
dc.date.available2018-01-04T08:21:16Z
dc.date.issued2014-01-01
dc.identifieroai:www.cmi.no:4920
dc.identifier.citationChapter 3 (pp. 49-92) in Alves da Rocha : Fuga de Capitais e a Política de Desenvolvimento a Favor do Mais Pobres em Angola [Capital Flight and Pro-Poor Development Policy in Angola] . Luanda: CEIC/NCA
dc.identifier.isbn978-989-8528-93-3
dc.identifier.urihttp://hdl.handle.net/11250/2475190
dc.description.abstractAfrica is a source of large-scale capital flight. The purpose of this paper is to shed light on how banks facilitate capital flight from Africa. There is growing evidence that subsidiaries of the world’s major banks have been heavily involved in facilitating capital flight and money laundering. Banks and financial institutions therefore are an important piece of the puzzle to better understand the drivers of capital flight from Africa. Banks are also an important component in the development of more effective measures to curb the problem. The paper argues that to improve the regulation of the banking and finance sectors, there is a need for more detailed knowledge on how banks actually operate as facilitators and the mechanisms applied.
dc.language.isoeng
dc.publisherCEIC/NCA
dc.relationFuga de Capitais E a Política de Desenvolvimento a Favor dos Mais Pobres em Angola [Capital Flight and Pro-Poor Development Policy in Angola]
dc.relation.ispartofFuga de Capitais E a Política de Desenvolvimento a Favor dos Mais Pobres em Angola [Capital Flight and Pro-Poor Development Policy in Angola]
dc.relation.ispartofseriesFuga de Capitais E a Política de Desenvolvimento a Favor dos Mais Pobres em Angola [Capital Flight and Pro-Poor Development Policy in Angola]
dc.relation.urihttps://www.cmi.no/publications/4920-capital-flight-from-africa-with-a-little-help-from
dc.subjectCapital Flight
dc.subjectIllicit Capital Flows
dc.subjectInternational Finance
dc.subjectBanking Sector
dc.subjectAfrica
dc.titleCapital flight from Africa - with a little help from the banks
dc.typeChapter


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