East Asia’s precautionary financing fix

East Asia Forum  | Thu, Oct 6, 2022

by C. Randall Henning


Southeast Asian economies, like emerging markets and developing countries globally, are anticipating a rocky financial transition out of the COVID-19 pandemic. The rapid tightening of monetary policy in the United States and the economic fallout from Russia’s invasion of Ukraine are causing a global recession and threatening further capital outflows from emerging markets and developing countries.

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