Central Bank participants at the BIS 2008 Open Economies Meeting in Punta del Este, Uruguay, discussed trends in capital flows since 2003 and their monetary and financial stability implications. Capital flows appear to be more benign today than in the past, partly because of a greater share of...

Most Southeast Asian economies (namely those of Hong Kong, South Korea, Indonesia, Malaysia, Singapore, Taiwan and Thailand) have been in financial crisis since the second half of 1997, resulting in ongoing slumps on local stock exchanges, banks' financial distress and in many cases severe...