After the Great Asian Slump: Towards a Coherent Approach to Global Capital Flows
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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• The unprecedented withdrawal of foreign private capital from Asia, more than 10 per cent of GDP in the crisis countries, confronts them with a transfer problem. Creditor governments should induce their home banks into financial rescue operations to reduce moral hazard in private-sector lending, and to encourage Asia’s recovery.
• The resolution...
