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    ISAS Briefs

    Quick analytical responses to occurrences in South Asia

    113 : Booms and Busts in Private Capital Flows to Emerging Asia since the 1990s

    Ramkishen S. Rajan, Visiting Senior Research Fellow at the ISAS

    1 July 2009

    A decade or so after the financial crisis that hit Asia in 1997-98, the region once again experienced a severe capital account shock in 2008-09. How different has this boom and bust cycle of international capital flows been from the previous one? This brief examines the balance of payments dynamics in emerging Asia to understand the magnitude and types of private capital flows to and from the region between 1990 and 2008.