Grenville, Stephen - East Asian Bureau of Economic Research (EABER) - 2012
impact of volatile capital flows, but this strategy is neither sustainable nor optimal. What is needed is a strategy that … needs to take account not only of the fickle nature of the capital flows, but the structurally-higher profitability which is … both exchange rates and capital flows than has been the accepted “best practiceâ€. This requires a substantial shift in …