This paper provides an in-depth analysis of the drivers and dynamics of black money transfers (illicit financial flows) from India since the first full year after independence until 2008. Such flows are more likely to have been driven by a complex interplay of structural factors and governance issues than they are by poor macroeconomic policies.
- Black money,
- illicit financial flows,
- capital flight,
Available at: http://works.bepress.com/dev_kar/6/