Rethinking Capital Flows for Emerging East Asia

Abstract

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Financial Integration and Macrofinancial Linkages in Asia:

“…However, the current positions "seem to be transitional rather than conceptually well founded" (Grenville 2012). The best example of this is the position of the IMF, which essentially acknowledges that temporary management of capital flows may be necessary, but only after all other possible measures have been exhausted.…”