Abstract

http://ssrn.com/abstract=2090734
 
 

Citations (1)



 


 



Rethinking Capital Flows for Emerging East Asia


Stephen Grenville


Lowy Institute for International Policy

June 25, 2012

ADBI Working Paper No. 362

Abstract:     
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

working papers series





Download This Paper

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
Australia
Feedback to SSRN


Paper statistics
Abstract Views: 254
Downloads: 41
Citations:  1

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo8 in 0.235 seconds