It takes the average reader and 35 minutes to read Flight Capital As a Portfolio Choice by Anke Hoeffler
Assuming a reading speed of 250 words per minute. Learn more
This paper sets flight capital in the context of portfolio choice, focusing upon the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. We explain cross-country differences in portfolio choice by variables that proxy differences in the risk-adjusted rate of return on capital. We apply the results to four policy questions: how the East Asian crisis affected domestic capital outflows; herd effects; the effect of the IMF-World Bank debt relief initiative for heavily-indebted poor...
Flight Capital As a Portfolio Choice by Anke Hoeffler is 35 pages long, and a total of 8,925 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Flight Capital As a Portfolio Choice aloud.
Flight Capital As a Portfolio Choice is suitable for students ages 8 and up.
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