PhD seminar: Nibontenin Yeo

Timing in international treaties to fight illicit financial outflows from developing countries: Evidence using a DID with multiple time periods

Discutants : Benjamin Williams et Harouna Kinda

Résumé

Although numerous jurisdictions cooperate to fight illicit financial flows, they have gained ground and become a real concern, particularly for developing countries suffering from outflows. In this paper, the causal effect of bilateral information exchange agreements on illicit financial outflows is explored on a sample of 88 developing countries over the period 2004-2013 using a new non-parametric method of Difference-in-Differences with multiple time periods, controlling for correlates of IFFs. We found that increasing cooperation is effective against illicit financial outflows, but only after at least three years under cooperation.

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