The Recent Experience with Capital Flows to Emerging Market Economies
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper summarises key points of the recent extensive discussion of the factors behind the volatility of cross-border capital flows in emerging market countries and possible corrective measures. The root cause of the recent volatility of capital flows seems to have been excessive credit and currency risk-taking by banks, which in turn was...
