Since money is black, you may not detect the transfer. If some government can control all money flows, it can find all black money. So there should be some indirect measures. It is linked to estimation of the size of black or grey economy.
Country rankings and composite indices are often used as proxies to assess a country's functional efficiency along a dimension of interest. The underlying assumption of this effort is that the proxy measure reflects, in essence, the gist or underlying trend of a country's performance in absolute terms or in comparison to other countries. In this pa...
In a seminal contribution, Campbell (1996) [Campbell, J., 1996, Understanding Risk and Return, Journal of Political Economy 104(2), 298-345] proposed a methodology based on a VAR(1) process to test Merton’s Intertemporal CAPM. Innovations in predictors of portfolio returns are estimated and used as risk factors in an asset pricing model. One key el...
Great-Power rivalry in Africa is among the legacies left by European statesmen who, a century ago in Berlin, carved up the continent and whole nations within it into tidy colonial compartments, several with frontiers still in dispute. Russians and Americans attended that inglorious conference but stayed out of the scramble for territories that foll...