Surging Capital Flows To Emerging Asia: Facts, Impacts And Responses
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.
Volume (Year): 04 (2013)
Issue (Month): 02 ()
|Contact details of provider:|| Web page: http://www.worldscinet.com/jicep/jicep.shtml|
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fernando Broner & Tatiana Didier & Aitor Erce & Sergio L. Schmukler, 2010.
"Gross capital flows: Dynamics and crises,"
Economics Working Papers
1227, Department of Economics and Business, Universitat Pompeu Fabra, revised Dec 2012.
- Fernando Broner & Tatiana Didier & Aitor Erce and Sergio L. Schmukler, 2010. "Gross Capital Flows: Dynamics and Crises," Working Papers 476, Barcelona Graduate School of Economics.
- Fernando Broner & Tatiana Didier & Aitor Erce & Sergio L. Schmukler, 2011. "Gross capital flows: dynamics and crises," Banco de Espa�a Working Papers 1039, Banco de Espa�a.
- Broner, Fernando A & Didier, Tatiana & Erce, Aitor & Schmukler, Sergio, 2011. "Gross Capital Flows: Dynamics and Crises," CEPR Discussion Papers 8591, C.E.P.R. Discussion Papers.
- Broner, Fernando & Didier, Tatiana & Erce, Aitor & Schmukler, Sergio L., 2011. "Gross capital flows : dynamics and crises," Policy Research Working Paper Series 5768, The World Bank.
- Mahvash S. Qureshi & Jonathan D. Ostry & Atish R. Ghosh & Marcos Chamon, 2011.
"Managing Capital Inflows: The Role of Capital Controls and Prudential Policies,"
NBER Working Papers
17363, National Bureau of Economic Research, Inc.
- Mahvash S. Qureshi & Jonathan D. Ostry & Atish R. Ghosh & Marcos Chamon, 2011. "Managing Capital Inflows: The Role of Capital Controls and Prudential Policies," NBER Chapters, in: Global Financial Crisis National Bureau of Economic Research, Inc.
- Nicolas Magud & Carmen M. Reinhart, 2005.
"Capital Controls: An Evaluation,"
University of Oregon Economics Department Working Papers
2005-19, University of Oregon Economics Department.
- Selim Elekdag & Yiqun Wu, 2011. "Rapid Credit Growth: Boon or Boom-Bust?," IMF Working Papers 11/241, International Monetary Fund.
- Mahmood Pradhan & Ravi Balakrishnan & Reza Baqir & Geoffrey Heenan & Sylwia Nowak & Ceyda Oner & Sanjaya Panth, 2011. "Policy Responses to Capital Flows in Emerging Markets," IMF Staff Discussion Notes 11/10, International Monetary Fund.
When requesting a correction, please mention this item's handle: RePEc:wsi:jicepx:v:04:y:2013:i:02:p:1350007-1-1350007-24. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim)
If references are entirely missing, you can add them using this form.