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This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region …. Limited capital inflows to debt securities issued by emerging Asia may be attributable to the early stages of bond market … reflects Japan's preference toward debt securities. Other Asia and Pacific economies have invested more heavily in foreign …
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This paper examines capital controls in two ways. First, it assesses whether capital controls have an economic justification within the context of an economyâ  s and, in particular, its financial sectorâ  s stage of development. It concludes that capital controls can be justified...
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