Cash sloshes around the world in unexpected ways
Economists are getting better at tracing cross-border capital flows
MONEY MAKES the world go round. But where in the world is it going? In theory the answer lies in statistics published by the likes of America’s Treasury Department and the International Monetary Fund (IMF), which track cross-border flows of debt and equity investments. In practice creative corporate accounting mucks up the official figures. A growing body of research is trying to clean up the mess.
This article appeared in the Finance & economics section of the print edition under the headline “Following the money”
Finance & economics February 22nd 2020
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