How Capital Flows in the Midst of Excess Savings Affect Macrofinancial Vulnerability
In contrast to the period prior to the 1997/98 Asian financial crisis, emerging East Asia today is a region with excess savings, particularly corporate savings. Beginning in the mid-2000s, liquidity was further amplified by massive capital flows, particularly bank-led flows, and subsequently by debt...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
The MIT Press
2015-09-01
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| Series: | Asian Development Review |
| Subjects: | |
| Online Access: | https://www.mitpressjournals.org/doi/pdf/10.1162/ADEV_a_00054 |