WASHINGTON (Dow Jones)--Emerging countries
should strengthen their currencies to cool off
cash and investment flows threatening to
overheat their economies, the Institute of
International Finance, a trade group of the world's
largest banks, said Monday.
The IIF expects capital flows to developing nations
to surge to nearly $1 trillion dollars this year. And
although that is well shy of the pre-crisis level of
$1.7 trillion in 2007, strong inflation and the rising
risk of housing market and other asset bubbles
have ratcheted up pressure on developing
nations such as China, India, Brazil and Turkey.
Source: Http://online.wsj.com/article/BT-CO-20110124-711537.html
should strengthen their currencies to cool off
cash and investment flows threatening to
overheat their economies, the Institute of
International Finance, a trade group of the world's
largest banks, said Monday.
The IIF expects capital flows to developing nations
to surge to nearly $1 trillion dollars this year. And
although that is well shy of the pre-crisis level of
$1.7 trillion in 2007, strong inflation and the rising
risk of housing market and other asset bubbles
have ratcheted up pressure on developing
nations such as China, India, Brazil and Turkey.
Source: Http://online.wsj.com/article/BT-CO-20110124-711537.html
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