"During more than a week we had the highest levels of capital flight in our history."
About a third of the capital flight, the study concluded, was legal.
Other measures that address capital flight need to be taken.
"This agreement will work if capital flight comes back," he said.
It has to be driven by business and of course, legislation against capital flight.
Just holding capital flight and default at bay for a few more months may not be enough.
In addition, because of poor investment conditions here, Brazil's private capital flight is expected to hit $10 billion this year.
These data show that there was no significant capital flight from emerging markets between 1990 and 1995.
It causes capital flight, which makes the cash problem worse.
The governments must then push interest rates through the roof to stop capital flight.
These foreign reserves can be used as a buffer against potential capital outflows during financial crises.
Massive capital outflow is usually a sign of a greater problem, not the problem itself.
They say it has been undermined by a capital outflow as investors search for the most secure markets.
The two may interact with one another- for instance when countries try to control capital outflows in order to maintain a given exchange rate.
As a direct result of the current economic crisis, capital outflow - which had previously been reversed - has again become a relevant problem.
Meanwhile, capital outflow has finally come to a stop.
This depreciates the exchange rate of local currency through capital outflow.
The national income accounts identity shows that net capital outflow always equals the trade balance.
During the crisis there were sudden and large capital outflows leading the rupiah to go into free fall.
If this happens, we may see a new wave of capital outflow.