Capital flight: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
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<span style="color:#4B0082">'''''Eurozone referendum risk'''''</span> | :<span style="color:#4B0082">'''''Eurozone referendum risk'''''</span> | ||
:"People do not realise what it would mean if Italy, for example, voted in a government that decided to hold a referendum to exit the eurozone. | :"People do not realise what it would mean if Italy, for example, voted in a government that decided to hold a referendum to exit the eurozone. | ||
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* [[Safe haven]] | * [[Safe haven]] | ||
* [[TARGET2]] | * [[TARGET2]] | ||
* [[T2]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 01:46, 3 April 2023
Market stress - capital flows.
Capital flight is the movement of capital, under stress, to safe haven countries.
- Eurozone referendum risk
- "People do not realise what it would mean if Italy, for example, voted in a government that decided to hold a referendum to exit the eurozone.
- Just the viability of a referendum would accelerate existing capital flight and increase the TARGET2 imbalances dramatically.
- One would theoretically have to impose capital controls on the eve of the election result to prevent the system from melting down."
- The Treasurer magazine, April 2017, p28 - Roland Hinterkoerner, founder, Expertise Asia.
