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Portfolio investment flows to emerging markets (Английский)

The 1990s brought developing countries the heaviest private capital flows since the early 1980s, says the author - mainly bond and equity financing, rather than medium- and long-term lending by commercial banks. Flows were mainly to Asia in the first half and Latin America in the second half. Market participants believe that most inflows of portfolio investment (especially in Latin America) reflected the return of flight capital by domestic residents...
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