"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.