REPORT

摘要

While the Institute of International Finance (IIF) suggests that capital flows to emerging markets have dropped sharply in recent weeks due to the strains on global credit markets, its latest report shows that private capital flows during the past 15 months have been maintained at a remarkably strong pace. The IIF estimate of net private capital flows to a sample of 30 key emerging market economies this year is $619bn, down from its March estimate of $731bn. This outcome is also a marked decline from the revised estimate of net private inflows in 2007, now at $899bn (up from $782bn in March) and represents the high watermark for flows in the current cycle.