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Booms and Busts in Private Capital Flows to Emerging Asia since the 1990s

In: Emerging Asia

Author

Listed:
  • Ramkishen S. Rajan

    (School of Public Policy, George Mason University, USA and Visiting Senior Fellow, Institute of Southeast Asian Studies (ISEAS))

Abstract

A decade or so after the financial crisis hit Asia in 1997–98, the region once again experienced a severe capital account shock in 2008–09. How different was this boom and bust cycle of international capital flows from the previous one? This chapter examines the balance of payments dynamics in emerging Asia2 to understand the magnitude and types of private capital flows to and from the region between 1990 and 2008.

Suggested Citation

  • Ramkishen S. Rajan, 2011. "Booms and Busts in Private Capital Flows to Emerging Asia since the 1990s," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Emerging Asia, chapter 1, pages 3-8, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-0-230-30627-1_1
    DOI: 10.1057/9780230306271_1
    as

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