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The countries of Central and Eastern Europe went from being largely closed to being largely open to international capital flows. This paper discusses their experience with capital account liberalization and coping with large capital inflows. We start with a discussion of basic economic...
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Deeper intraregional financial integration is prominent on Asian policymakers' agenda. This paper takes stock of Asia … paper concludes that financial integration in Asia could be enhanced through policies that lower informational frictions …
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Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows … flows. Data show that the main impact of capital flows on economies of East Asia is reflected in real effective exchange … showing the strong linkages between the United States bond markets and those in Asia. These findings enhance the role of …
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