But by defending the peso, there would have been no lasting flight of capital.
The regime is now plagued by double-digit inflation, a massive flight of capital, and unprecedented levels of unemployment.
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This in itself could lead to spiralling bond yields and the flight of capital invested in Italy could resume.
That was when a flight of capital forced him to abandon a campaign of nationalization and other leftist reforms.
If an American recession caused a flight of capital to safety, these countries would see a sharp outflow of money.
It is unlikely that there will be a large-scale flight of capital, since foreign investors with a long-term horizon seem bullish.
Its popularity, and the flight of capital to states with limited liability from those without, led most American states to follow suit.
Analysts say this flight of capital has helped widen inequality in India.
Uganda is one of only a handful of African states to have seen a substantial reversal of the flight of capital and skills.
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This was largely a reaction to the painful memory of the Asian crisis: Asian countries wanted to insure themselves against another sudden flight of capital.
Affirmative action that favours the Malay majority (also known as the Bumiputra) in business, jobs and education has resulted in a flight of capital and talent.
The flight of capital from the legal system accelerated once the Indian government eased its tight control with economic reforms that started in 1991, the report says.
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Such a flight of capital is exactly what worries Sergeant, who sells her work through a gallery on London's posh New Bond Street, not far from Sotheby's main auction site.
Indeed, the flight of capital toward the energy sector cheered on loudly by the right violates the basic economic views that have historically animated the more growth oriented side of the political divide.
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At worst, and in all likelihood, higher taxes on the rich would cause a flight of capital out of this country or into inertness, the result being less investment and employment, and thus a worsening of the inequality problem.
But Mr Zedillo and his team made it disastrous, first as Mr Salinas's book explains in wickedly lavish detail by warning top Mexican businessmen of it in advance, causing a huge flight of capital, and, second, by fiercely contracting the money supply, leading to a vicious economic slump.
At a time when unemployment remains high and economic growth is lagging, forcing banks to report interest paid to nonresident aliens would encourage the flight of capital overseas to jurisdictions without onerous reporting requirements, place unnecessary burdens on the American economy, put our financial system at a fundamental competitive disadvantage, and would restrict access to capital when our economy can least afford it.
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An injection of Kuwaiti and Saudi capital has so far matched the flight of Syrian capital, but bankers fear that angry rulers in Damascus may block Lebanon's trade routes to the Arab world.
This flight of internal capital from the region is at a nine-month high (-EUR39.5b).
Both brought rampant corruption, economic and social degradation, sectarian violence, flight of foreign capital and abject poverty to their nation.
His harassment of Mr Khodorkovsky and other oligarchs has already seen a sharp resumption of capital flight out of Russia.
The confidence crisis is evidenced by the mounting rates of capital flight out of China in the last few years.
This was clever, because much of the gold inflow was a return of flight capital into the country and did not affect the balance of payments.
Mr Giordani dismisses claims of capital flight as a misreading of the figures.
These should ensure there is no repeat of the capital flight and eventual devaluation of 1994.
Under a coalition of leftists led by his own Communist Party of India (Marxist), which has won seven consecutive elections, West Bengal was previously best known for industrial action, capital flight and the immiseration of its capital, Calcutta, recently renamed Kolkata.
The return of flight capital is a practical necessity for the country to keep growing.
The government retaliated by organizing teams of dogs trained to sniff vehicles and luggage for the scent of flight capital.
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Indeed, a rush to oil is a flight of talent and capital to the basic, easily taxable and regulatable commercial concepts of yesterday.
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