Global capital flows into emerging markets, including those in Asia, continue to be volatile. These capital flows … flows. Data show that the main impact of capital flows on economies of East Asia is reflected in real effective exchange … showing the strong linkages between the United States bond markets and those in Asia. These findings enhance the role of …

concerned about cyclical inflows, the volatility of different capital-account items (bank lending, foreign direct investment …, and portfolio flows) is assessed. Second, the recent capital flows are compared between Asia and Latin America for … similarities and differences. Third, the paper discusses the extent to which 13 heavy capital importers in Asia and Latin America …