Even though real exchange rate has an important impact on sustainable export and economic growth for small open economies, its impact on income distribution and transmission mechanism was never investigated. The paper shows that improved income distribution, through its impact on the price of...

This paper provides empirical evidence on the effects of inflation on post-war capital flight flows. I test the hypothesis that inflation has a positive additional impact on capital flight flows after war. I use a new panel dataset of 77 developing countries, of which 35 experienced at least one...