CIAO DATE: 05/2008
February 2008
Lowy Institute for International Policy
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.
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.
Resource link: Central banks and capital flows [PDF] - 427K