Citations (1)



Rethinking Capital Flows for Emerging East Asia

Stephen Grenville

Lowy Institute for International Policy

June 25, 2012

ADBI Working Paper No. 362

Since the 1980s, emerging countries have been urged to welcome foreign capital inflows. The result has often been a pattern of surges, where excessive inflows were followed by damaging 'sudden stops' and reversals. What is needed is a strategy that makes use of the potential benefits of capital 'flowing downhill' (that would require these countries to run current account deficits) while at the same time protecting them from both the excessive inflows and the reversals.

Number of Pages in PDF File: 31

Keywords: Asian financial crisis, East Asia, financial markets, capital flows, current account

JEL Classification: F21, F31, F32

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Date posted: June 25, 2012  

Suggested Citation

Grenville, Stephen, Rethinking Capital Flows for Emerging East Asia (June 25, 2012). ADBI Working Paper No. 362. Available at SSRN: http://ssrn.com/abstract=2090734 or http://dx.doi.org/10.2139/ssrn.2090734

Contact Information

Stephen Grenville (Contact Author)
Lowy Institute for International Policy ( email )
31 Bligh Street
Sydney, NSW
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