Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-dependent countries coincide with sharp increases in bank deposits in offshore financial centers known for bank secrecy and private wealth management, but not in other financial centers. The estimates are not confounded by contemporaneous shocks such as civil conflicts, natural disasters, and financial crises, and are robust to instrumenting with predetermined...
Подробнее
ПОДРОБНАЯ ИНФОРМАЦИЯ
-
2020/02/18
-
Рабочий документ в рамках исследования вопросов политики
-
WPS9150
-
1
-
1
-
2020/02/18
-
Disclosed
-
Elite Capture of Foreign Aid : Evidence from Offshore Bank Accounts
-
aid disbursement
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)