... in the literature. This study aims to investigate the effect of financial liberalisation on illicit financial outflows in Africa. Furthermore, the study also examines the effect of macroeconomic stability and institutional quality on illicit outflows. Design/methodology/approach To achieve the objectives...

... themselves in relation to the functions of regulation and supervision carried out by central banks. A theoretical perspective on these issues is put forward followed by an analysis of the specific case of a small island economy which is embracing financial liberalisation and competition, Mauritius. Journal...