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Offshore Business of Russian Residents(on the Books “Offshore Business in Foreign-Economic Activity”, “Capital Flow from Russia: Issues and Decisions”, “Deoffshorization of Russian Economy: Possibilities and Limits”)
https://doi.org/10.32609/0042-8736-2015-2-149-160
Abstract
The article reviews three books: “Offshore Business in Foreign-Economic Activity” ed. by G. M. Kostyunina, “Capital Flow from Russia: Issues and Decisions” by S. S. Sulakshin et al. and “Deoffshorization of Russian Economy: Possibilities and Limits” by B. A. Kheyfets, that analyze capital flow from Russia, especially in the form of offshore investments of Russian residents. The author offers some hypotheses about specificities of these investments. Russian investments are analyzed against the background of recent anti-offshore campaign in Russia and the world. Some recommendations on state regulation of offshore business of Russian residents are formulated.
Keywords
Russia,
international capital movement,
capital outflow and inflow balance,
capital flight,
offshore,
deoffshorization,
anti-offshore policy
JEL: F2, F6, P5
References
1. Bulatov A. S. (ed.) (2014). Russian Model of Capital Export. Moscow: MGIMO-University. (In Russian).
2. Kostyunina G. M. (ed.) (2014). Offshore Business in Foreign-Economic Activity. A Textbook. Moscow: INFRA M. (In Russian).
3. Sulakshin S. S. et al. (2013). Capital Flow from Russia: Issues and Decisions. Proceedings of the Center for Problem Analysis and State and Managerial Planning, Issue 26. (In Russian).
4. Kheyfets B. A. (2008). Offshore Jurisdictions in Global and National Economies. Moscow: Ekonomika. (In Russian).
5. Kheyfets B. A. (2013). Deoffshorization of Russian Economy: Possibilities and Limits. Scientific report. Moscow: Institute of Economics, RAS. (In Russian).
6. Boston Consulting Group (2013). Global Wealth Report. www.bcg.de/documents/ file135355.pdf
7. IMF (2012a) Balance of Payments Statistics Yearbook. Vol. 63, part 1-2. Washington, DC: International Monetary Fund
8. IMF (2012b). IMF Executive Board Discusses Liberalizing Capital Flows and Managing Outflows. Washington, DC: International Monetary Fund
9. Kar D., LeBlanc B. (2013). Illicit Financial Flows from Developing Countries: 2002- 2011. Washington: Global Financial Integrity
10. WEF (2014). Global Competitiveness Report 2014-2015. Geneva: World Economic Forum
Review
For citations:
Bulatov A. Offshore Business of Russian Residents(on the Books “Offshore Business in Foreign-Economic Activity”, “Capital Flow from Russia: Issues and Decisions”, “Deoffshorization of Russian Economy: Possibilities and Limits”). Voprosy Ekonomiki. 2015;(2):149-160. (In Russ.) https://doi.org/10.32609/0042-8736-2015-2-149-160
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