BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Drupal: Date iCal//NONSGML kigkonsult.se iCalcreator 2.18//
METHOD:PUBLISH
X-WR-CALNAME;VALUE=TEXT:Calendar of Events
BEGIN:VTIMEZONE
TZID:America/New_York
BEGIN:STANDARD
DTSTART:20261101T020000
TZOFFSETFROM:-0400
TZOFFSETTO:-0500
TZNAME:EST
END:STANDARD
BEGIN:DAYLIGHT
DTSTART:20270314T020000
TZOFFSETFROM:-0500
TZOFFSETTO:-0400
TZNAME:EDT
END:DAYLIGHT
END:VTIMEZONE
BEGIN:VEVENT
UID:calendar.71208.field_date.0@calendar.lafayette.edu
DTSTAMP:20260412T230713Z
DESCRIPTION:What drives elite capital flight into oshore destinations? Whil
 e existing \nliterature focuses on regulatory gaps or global tax competiti
 on\, \ninternational bailouts themselves can catalyze elite capital flight
 . \nSpecifically\, we examine how two instruments of the Global Financial 
 Safety \nNet (GFSN)the International Monetary Fund (IMF) and the Peoples B
 ank of China \n(PBoC)s swap linesimpact elite incentives to move wealth of
 fshore. We develop \na two-dimensional framework centered on Disbursement 
 Control and Elite Threat \nPerception to theorize when and how elites extr
 act and expatriate wealth. \nUsing data from 201 countries between 1990 an
 d 2018\, we find that the \nanticipation of IMF programs increases offshor
 e bank deposits by 14.2%\, \nconsistent with elites responding to rising t
 hreat perception. By contrast\, \nthe introduction of PBoC swap lines incr
 eases offshore deposits by 92.3%\, \nreflecting extraction under low disbu
 rsement control\, enabling moral hazard. \nWe illustrate the core mechanis
 ms of our argument through mini-case studies \nof Angola\, Tajikistan\, an
 d Mongolia. Our findings reveal a structural \nvulnerability in the GFSN s
 temming from regulatory fragmentation and \nuncoordinated oversight.
DTSTART;TZID=America/New_York:20260417T120000
DTEND;TZID=America/New_York:20260417T130000
LAST-MODIFIED:20260410T163436Z
LOCATION:Simon 300
SUMMARY:Economics Seminar: The Unintended Side Effect of the Global Financi
 al Safety \nNet: Elite Capital Flight
URL;TYPE=URI:https://calendar.lafayette.edu/node/71208
END:VEVENT
END:VCALENDAR