摘要
Since the global economic crisis in 2008,the world’s major economies have experienced a rapid reversal in cross-border capital flow trends,as well as considerable huge changes in related management methods.At the outset of the crisis,developed countries of Europe and North America attracted less capital inflow from other countries,while capital flooded into emerging markets.Many Asian and Latin American countries took measures to curb capital inflow,for fear that excess capital inflow would put upward pressure on their domestic currency’s exchange rate-something that would,in turn,lead to increases in credit expansion and asset prices.Since 2014,on account of the U.S.economic recovery and an ever-stronger U.S.dollar,several emerging markets have sustained slowed growth and net capital outflows.
