Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy - An Asian Perspective

Publication | December 2014

This publication discusses risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows.

While elaborating on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks, the book also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.

This is copublished with Springer.


  • Foreword 
  • Introduction and Overview
  • The Three Phases of Global Liquidity
  • Early Warning Indicators for Financial Vulnerabilities
  • Emerging Asia’s Noncore Liabilities and Policy Effectiveness 
  • Capital Flows and Income Distribution 
  • Policy Implications 
  • References

Additional Details

  • Economics
  • Finance sector development
  • Banking and non-bank financial institutions
  • Finance sector reform
  • Financial markets and institutions
  • 126
  • 978-981-287-283-8 (print)
  • 978-981-287-284-5 (electronic)

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