The Expansion of Central Bank Balance Sheets in Emerging Asia: What are the Risks?
17 Pages Posted: 15 Sep 2012
Date Written: June 4, 2012
Central bank balance sheets in emerging Asia expanded rapidly over the past decade because of the unprecedented rise in foreign reserve assets. The corresponding expansion of the central banks' liabilities has created dangers - risks of inflation and financial instability and financial market distortions - that require attention.
JEL Classification: E58, E61
Suggested Citation: Suggested Citation