Capital Flows to Emerging Markets: heightened short-term risks but robust medium-term prospects
Capital Flows to Emerging Markets: heightened short-term risks but robust medium-term prospects
Global & Regional Focus Notes
27 Ιουλίου 2012
• However, medium-term prospects are more positive as economic fundamentals in EM will continue to be robust, growth prospects are expected to remain substantially better and monetary policy is expected to remain tighter than in advanced economies, attracting portfolio investment flows.
• The impact of a sudden reversal of capital inflows on emerging market economies due to a deepening of the euro area crisis would be stronger on countries that have attracted significant amounts of hot money over the past few years and on countries with high external financing requirements.
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