Developing countries are constrained in financing current account deficits as real capital mobility is still far from perfect. At the same time, capital flows to these countries proved to be extremely volatile. The paper argues that the long-term problem of "too little" should not be confused...

Gold import has been an issue of national debate in India. Economists opine that gold import is responsible for the bloating current account deficit (CAD). To check the widening current account deficit, United Progressive Alliance (UPA) government raised import duty on gold to 10 per cent from 2...

Understanding the determinants of capital inflows is essential to designing an effective policy framework to manage volatile capital flows and their disruptive potential. This paper aims to identify factors that explain the size and volatility of various types of capital flows to developing Asia...