Central banks and capital flows
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Central banks and capital flows

Sudden capital outflows were at the heart of the 1997-8 Asian Crisis. Ten years later, capital flows are back on the policy agenda, but in a very different context. The countries of East Asia are now getting more inflows than they can effectively absorb and the upward pressure on exchange rates is unwelcome. 

 

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Executive Summary

These issues are discussed in this paper, 'Central banks and capital flows', by Dr Stephen Grenville, in the Lowy Institute's Working Paper in International Economics series.

Areas of expertise: Regional economic integration; Australia's economic relations with East Asia; international financial flows and the global financial architecture; financial sector development in East Asia
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