The relative insulation and rapid recovery of emerging Asia from the global financial crisis has evoked considerable interest in the growth experience of the Asian region. This book offers a unique view of this phenomenon through a critical and in-depth analysis of international capital flows, FDI, and exchange rate regimes and choices.
Using a combination of quantitative data and analytical rigour, the essays provide answers to a wide array of questions of contemporary relevance such as:
How has emerging Asia handled booms and busts in capital flows? How important are worker remittances as a source of external financing? How are FDI flows to emerging Asia from within Asia different as compared to those from OECD economies? What are the de jure and de facto policies of foreign bank entry into emerging Asian economies? What has been the role of bank lending in India’s robust growth? How are emerging Asian currencies managed in the context of global imbalances?
While the book covers India, China, and other sub-regions of East and South Asia, it also has valuable policy pointers for other emerging markets.
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