Its government can demand that foreign economies freeze this $ 200 billion
in flight capital and the assets into which it has been converted.
Not exact matches
With this new
capital, we are closer than ever to the first
flight of our XB - 1 Supersonic Demonstrator
in about a year.»
The panic soon became self - perpetuating, with a reduction
in foreign
capital leading to a slowdown
in economic growth and a drop
in commodity prices, which then led to investor confirmation of an economic downturn, which
in turn led to more
capital flight, and so on.
Sovereign debtors must agree to IMF «conditionalities»
in order to get enough credit to enable bondholders to take their money and run, avoiding haircuts and leaving «taxpayers» to bear the cost of
capital flight and corruption.
Yet talk of panic
capital flight from China is a red herring,
in my view.
If they increased financial and economic uncertainty
in China, they could cause Chinese
capital flight to increase sharply.
The stated objective was to streamline management of these companies, and also to induce oligarchs to begin bringing their two decades of
capital flight back to invest
in the Russia economy.
At the same meeting, Pan called for sanctions against entities that offer payment services denominated
in cryptocurrencies and for investigations into companies that facilitate
capital flight.
The problem is that the bankers» solution — the inevitable result of Mr. Greenspan's policy of shifting central planning onto Wall Street — is that it will culminate
in the anarchy of debt deflation, deepening unemployment, more real estate foreclosures, and
capital flight out of the dollar.
While these may at first seem unrelated,
in fact financial market disruptions are tightly tied into the self - reinforcing processes of rising debt,
capital flight and slowing growth that recent reforms were supposed to untangle and address — and for which they have clearly failed.
Rather than setting out to create a class of entrepreneurs managing companies efficiently, the plan helped managers strip Russia's assets and engage
in capital flight while transferring ownership of Russia's raw - materials export capacity to U.S. and other Western investors.
The ruble's exchange rate has fallen as more rubles are thrown onto currency markets to obtain the dollars needed to pay interest and debt service on foreign loans (and to sustain
capital flight in the absence of controls).
Their final «stylised fact» provides an accurate description of the subsequent Asian problems: «The «over-borrowing» episode culminates
in a financial crisis,
capital flight and recession — often forcing an uncontrolled deep devaluation of the currency, with a resurgence of inflation.»
The announcement puts potential new energy investments
in British Columbia at greater risk and raises the potential for
capital flight — and related job losses — from B.C.
in energy and resources.
Most IMF loans
in recent decades have been to subsidize
capital flight.
In the late 1960s this became the almost chronic condition of Switzerland's franc as a result of that country's role as an offshore tax and
capital -
flight haven.
Likewise
in Asia today, when
capital flight undercut the currencies of Thailand, Indonesia, Korea and neighboring countries, their currencies fell, bankrupting many indebted companies.
Part of the decline
in reserves since mid-2014 reflects the paying down of external debt, JEM, and most of the rest reflects the funding of significant amounts of
capital flight.
Some worry about what will happen to them
in the months ahead, especially if the Fed's eventual interest - rate increase becomes a trigger for
capital flight.
There are real risks of serious
capital flight and associated dislocation
in many emerging markets.
By the way everything I have said about Australia is likely to be even truer about Brazil, although I don't think Brazilians need to be much worried about a sharp pickup
in Chinese
flight capital into Brazil.
Quantitative easing subsidizes U.S.
capital flight, pushing up non-dollar currency exchange rates Quantitative easing may not have set out to disrupt the global trade and financial system or start a round of currency speculation, but that is the result of the Fed's decision
in 2008 to keep unpayably high debts from defaulting by re-inflating U.S. real estate and financial markets.
Bitcoin's surge
in price at the beginning of 2017 caught the attention of the Chinese government, which has been fighting tooth and nails against
capital flight in the country, restricting foreign investments and gold importations.
Four months later, on August 29, just as Kiev began losing its attempt at ethnic cleansing against the eastern Donbas region, the IMF signed off on the first loan ever to a side engaged
in a civil war, not to mention rife with insider
capital flight and a collapsing balance of payments.
Capital controls have historically been as much about preventing foreigners from buying local government bonds as it has been about preventing destabilizing bouts of flight capital, and living in China, where an aggressive demand for the privileges of reserve currency status coincide with equally aggressive policies that prevent the RMB from achieving reserve currency status (and that transfer ever more of the «benefits» to the US) made clear the huge gap in rhetoric and pr
Capital controls have historically been as much about preventing foreigners from buying local government bonds as it has been about preventing destabilizing bouts of
flight capital, and living in China, where an aggressive demand for the privileges of reserve currency status coincide with equally aggressive policies that prevent the RMB from achieving reserve currency status (and that transfer ever more of the «benefits» to the US) made clear the huge gap in rhetoric and pr
capital, and living
in China, where an aggressive demand for the privileges of reserve currency status coincide with equally aggressive policies that prevent the RMB from achieving reserve currency status (and that transfer ever more of the «benefits» to the US) made clear the huge gap
in rhetoric and practice.
Cryptocurrency has also become rife with scams since its surge
in value last year, and may constitute a global risk because it enables clandestine money laundering,
capital flight, and tax evasion.
In 2007, we questioned why brilliant Canadian founders should have to jump on a
flight to SF to raise seed
capital.
The use of bitcoin for (usually legal)
capital -
flight purposes is difficult to quantify, but there are some interesting indications
in my view.
Norwegian property prices have tripled since the mid-1990s, up nearly 30 % since the Great Recession as the oil - rich nation rode the coattails of the commodities bubble and has benefited from the same «
flight to safety»
capital flows that have benefited (and inflated bubbles
in) other Nordic countries.
Suspicious
capital flight via banks has dropped from $ 40 billion
in 2012, the year before she took over as central banker, to less than $ 1 billion, Danilov reports.
Bondholders financed a sharp rise
in Greek public debt despite the government's failure to tax wealth or prevent a reported 50 billion euro
capital flight to Swiss banks alone.
«Today's outcome, while appearing to offer some hope of remedy for the pipeline, does not address the larger issue of our competitiveness and the real - time
flight of
capital occurring
in our country and province, despite the myriad of opportunities for Canada to succeed
in the global economy.»
Greek banks also have acted as enablers
in this
capital flight and tax evasion.
Examiners and merchants see a tangle of variables at play, from
capital flight out of China to expanded customer trust
in bitcoin's hidden innovation.
This was indeed an important factor
in adding to excess saving
in the developed world a decade ago, and it may well be again if emerging markets continue to experience growing
capital flight.
If foreign economies refuse to co-operate, it is open to Russia to point out that it lacks the means to pay precisely because foreign banks and the government regulators behind them have been complicit
in promoting such tax evasion, financial fraud and
capital flight.
It also estimated that
capital flight had risen above forecasts to 128 billion
in 2014 as investors sought a safer haven for their assets.
I think that for Europeans too, things have calmed down a bit so you don't have that crazy
flight capital that we saw
in New York
in 2015 and 2016.
Yesterday
in a letter to Minister Morneau, John Manley, President and CEO of the Business Council, urged the government to take decisive action now to bolster private - sector confidence
in the Canadian economy, discourage
capital flight and increase incentives for new business investment.
The Bitcoin exchanges suspended withdrawals just about four months prior after the expanded investigation from Chinese experts
in the midst of worries of
capital flight and illegal tax avoidance.
Similarly, it's been speculated that the PBOC may introduce a national digital currency as a sort of gateway to cryptocurrency: This would allow the central bank to better track the flow of funds
in and out of bitcoin
in order to counter money laundering and
capital flight.
First, the country's government attempted to stem
capital flight by freezing the holdings of any shareholder with over a 5 percent stake
in a publicly listed company.
Norwegian property prices have tripled since the mid-1990s, up nearly 30 % since the Great Recession as the oil - rich nation rode the coattails of the commodities bubble and has benefitted from the same «
flight to safety»
capital flows that have benefitted (and inflated bubbles
in) other Nordic countries.
If it weren't for
capital flight out of China and all of those cash «investors»
in U.S. homes, actual sales volume would be even weaker.
This policy succeeded
in turning the United States into a
flight -
capital center for third - world dictators, Mexican presidents and Russian oligarchs.
You see, because there are so few Singaporeans here
in Buenos Aires, which is almost 30 hours by
flight from Singapore, I almost always get contacted by friends or friends of friends who happen to drop by the Argentine
capital city.
But I bought my plane ticket anyway; took the 30 - hour
flight to Buenos Aires, and created a home
in the Argentine
capital.
The hotel can arrange a most - memorable holiday shopping experience with exclusive tours of Italy's Fashion
Capital upon request, including a visit to the Atelier Versace Headquarters for original evening dresses worn by the models of Gianni Versace; a special welcome at the Gucci Boutique
in Via Montenapoleone with a private room and breakfast or cocktail; or a top welcome
in the VIP room at Valentino with the option of a
flight to the Haute Couture Atelier
in Rome or Paris.
He has made twenty - four appearances
in the Premier League this season, scoring six goals, and helping the Blues reach the summit of the top
flight, and win the
Capital One Cup.
The 26 - year - old moved to the Italian
capital in 2014 from Olympiacos, and has gone on to make 143 appearances for the Serie A giants while establishing himself as one of the top centre - halves
in the Italian top
flight.