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Macroeconomic Management in APEC Economies: The Response to Capital Inflows

Reinhart, Carmen et al.
Munich Personal RePEc Archive · Reports
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In recent years, there has been a surge of international capital flows to many Asian countries. During 1990-93, developing economies in Asia received a net capital inflow of $151 billion, more than double the amount recorded for the previous four years. For certain Asian countries, such as Malaysia
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