Floating Exchange Rates in Theory and Practice

Testing a Flow Model of Capital Flight in Five European Countries

“…18The forward premium/discount is unavailable for Greece -we discuss in Section IV how we sought to resolve this issue. lgSee MacDonald (1988); Begg (1989); and Levich (1989) for a discussion of the issues. interventionist economic policies (e.g., nationalization, confiscation of assets, etc.).…”