Monday, 15 July 2013
Asian capital flight risk goes beyond hot money
REUTERS_SINGAPORE: A reversal of hot money inflows is a worry for Asia. But there's another: policymakers must guard against their own savers turning tail.The end of quantitative easing is drawing near. Half the members of the U.S. Federal Reserve's monetary policy committee anticipate the liquidity spigots will close by year-end. For Asian households, that means the prospect of earning higher rates abroad than have been available for years.At the same time, real returns at home look
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