Hidden Bibliographic Details
| Other authors / contributors: | Balakrishnan, Ravi, author.
International Monetary Fund. Asia and Pacific Department, issuing body.
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| ISBN: | 9781475541830
147554183X
9781475503821
1475503822
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| Notes: | Title from PDF title page (IMF Web site, viewed May 31, 2012).
"Asia and Pacific Department."
"May 2012."
Includes bibliographical references.
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| Summary: | Net capital flows to emerging Asia rebounded at a record pace following the global financial crisis, raising concerns about overheating and financial stability. This paper documents the size and composition of the most recent surge to Asian emerging markets from a historical perspective and compares developments in the broader economy, asset prices, and corporate variables across the different episodes of strong inflows. We find little evidence of a significant build-up of imbalances and resource misallocation during the most recent surge. We also review country experiences in managing the risks associated with inflows and argue that Asian countries have used regulatory measures during past surges, although there is not strong evidence of their efficacy without supporting monetary and fiscal policies.
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| Other form: | Print version: Nowak, Sylwia. Surging Capital Flows to Emerging Asia: Facts, Impacts, and Responses. Washington : International Monetary Fund, ©2012 9781475503821
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