The Alpha, But Whither The Omega, Of The Greek Crisis? Global Financial Integrity Lead Economist Dev Kar Examines the Role of Illicit Financial Flows in the Greek Debt Crisis. By all accounts, the austerity measures being imposed on the population as a condition for bailing Greece out of the financial crisis, is severe. Read More SHAREThe Difficulty Of Addressing Governance Issues Underlying Illicit Financial Flows A recent study at Global Financial Integrity (GFI) found that illicit financial flows from developing countries (henceforth emerging markets), which grew around 18 percent per annum since 2002 swelled up to US$1 trillion in 2006. Read More SHAREFrom Monetary To Fiscal Dominance: Implications For Illicit Financial Flows Time is running short for recipient countries to curtail illicit financial outflows and for developed countries to implement stricter oversight of banks and offshore financial centers that absorb these flows.

Source: Wall Street Journal May 26, 2022 22:26 UTC