(SP91) Assessing Key Vulnerabilities Post Global Financial Crisis, by Vincent Choon-Seng Lim and Dongkoo Chang
This paper highlights some of the vulnerabilities seen as overarching in the SEACEN economies. As the global economy recovers, the following scenarios are probable. Firstly, a possible upward shift of interest rates in developed economies could destabilize the emerging financial markets. Secondly, a potential rapid fall in capital inflows to SEACEN economies as the tapering…