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The Impact of Capital Inflows on Asset Prices in Emerging Asian Economies: Is Too Much Money Chasing Too Little Good?
In recent years, emerging Asian economies have experienced (i) large capital inflows, especially a surge in portfolio inflows, and (ii) an appreciation of asset prices such as stocks, land, and nominal and rea...
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Regional and Multilateral Efforts: Institution-Building
Develo** countries are vulnerable to external economic volatilities. To accelerate economic growth, most develo** countries have opened their economies to the world. Trade contributes to fostering domestic...