At 3/4/2002, you wrote: >... >And as far as I can tell, Dornbusch's obsession with "having their money in >Miami" is patronising in the extreme, and seems almost calculated to give >the impression that all rich Latin Americans are coke smugglers. In fact, I >would guess that rich Argentines are old money and thus much more likely to >have their money in Switzerland. >... >dd
Well, yes and no. I don't have exact numbers, but I would say that most of those who came into unbelivable rents thanks to privatized state enterprises and the Menem-era liberalization programs have their money mostly in Montevideo, New York and the Cayman Islands (or some other "paraíso fiscal"), besides Switzerland. Argentine economist Eduardo Basualdo, among many others (such as Manuel Pastor Jr.in the U.S.), has done some excellent work on capital flight. I will see if I can dig up any estimates of how it is distributed. Alan _________________________________________________________ Do You Yahoo!? Get your free @yahoo.com address at http://mail.yahoo.com
