Managing Capital Flows: What Tools to Use? Asian Development Review, Vol. 29(1), pp. 82-88
Ostry, Jonathan D. | March 2012
Citation
Ostry, Jonathan D.. 2012. Managing Capital Flows: What Tools to Use? Asian Development Review, Vol. 29(1), pp. 82-88. © Asian Development Bank. http://hdl.handle.net/11540/1646. License: CC BY 3.0 IGO.Citable URI
http://hdl.handle.net/11540/1646Metadata
Show full item recordUsers also downloaded
-
Managing Capital Flows in Asia: An Overview of Key Issues
Yap, Josef; Villafuerte, James (Asian Development Bank, 2015-11-24)Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows generate both benefits and costs. The latter are associated with episodes of currency and banking crises like the 1997 Asian financial crisis and the 2008 global financial and economic crisis. Recent data show that the main impact of capital flows on the economies of East Asia is ...Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows generate both benefits and costs. The latter are associated with episodes of currency and banking crises like the 1997 Asian financial ... -
East Asian Financial Crisis - An Agenda for Economic Recovery
Rana, Pradumna B. (Asian Development Bank, 1999-02-15)Initially, there was a difference of views on the causes of the East Asian financial crisis. Now, however, a consensus has emerged on the crisis of confidence/structural weaknesses view. This view argues that the initial rescue programs, while appropriate for crises that are due to inappropriate macroeconomic fundamentals (e.g., Latin America in the 1980s and the early 1990s), were not appro¬priate ...Initially, there was a difference of views on the causes of the East Asian financial crisis. Now, however, a consensus has emerged on the crisis of confidence/structural weaknesses view. This view argues that the initial rescue programs, while appropriate ...
Related items
-
Managing Capital Flows in an Economic Community: The Case of ASEAN Capital Account Liberalization
Park, Yung Chul; Takagi, Shinji (Asian Development Bank Institute, 2012-08-30)The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow management measures should be part of the routine policy toolkit of emerging market economies, the logic of an economic community appears incompatible ...The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow ... -
Comments on: Managing Capital Flows: What Tools to Use? by Jonathan D. Ostry Capital Controls: A Pragmatic Proposal. Asian Development Review, Vol. 29(1), pp. 89-93
Gochoco-Bautista, Maria Socorro; Rhee, Changyong (Asian Development Bank, 2012-03-25) -
Capital Flows and Real Exhange Rates in Emerging Asian Countries
Jongwanich, Juthathip (Asian Development Bank, 2010-07-01)"This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000–2009. In contrast to previous studies, capital flows here are separated into foreign direct investment (FDI), portfolio investment, and other investment (bank loans) flows. Inflows and outflows are also treated separately in the model. The ..."This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000–2009. In contrast to previous studies, capital flows here are separated into foreign direct ...