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SEACEN Capital Flows Monitor January 2025

The SEACEN Capital Flows Monitor January 2025 shows that Asian economies, as a group, witnessed a recovery in cross-border financial transactions and investments in the first half of 2024. It also finds that the region continued to register a positive net foreign asset position during the review period, although there are differences across economies and sub-regions. The monitor’s analytical section focuses on the compositional shifts, volatility, and co-movement of Asia’s resident capital flows from the late 1990s to present.

SEACEN Capital Flows Monitor 2024

The SEACEN Capital Flows Monitor July 2024 shows that Asian economies, as a group, continued to be a net capital exporter in the first five months of 2024.  However, the region's resident and nonresident capital flows remained lower due to high interest rates. The analytical section discusses the volatile nature of multi-sector bond fund flows to emerging economies.

SEACEN Capital Flows Monitor - 2023

The SEACEN Capital Flows Monitor 2023 shows that Asian economies, as a group, continued to be a net capital exporter in the first half of 2023. However, the region's resident and nonresident capital flows remained smaller compared to recent periods due to high U.S. and domestic interest rates. The analytical section discusses the correlation between higher U.S. policy rate and lower nonresident capital inflows in the region.

SEACEN Capital Flows Monitor - 2020

The SEACEN Capital Flows Monitor 2020 discusses the sharp reversal and sudden stop of portfolio flows to emerging and frontier economies, including in Asia, following the heightened risk aversion in response to the onset of COVID-19 in early March 2020.  The analytical section focuses on the findings using a new sectoral capital flows dataset created by The SEACEN Centre and the OECD.  It highlights the importance of a sectoral approach to understand the drivers of cross-border flows in the region, considers global and domestic factors that are correlated with sectoral flows and draws several policy considerations.  Starting with the current SEACEN Capital Flows Monitor, the two annual issues will focus more on recent half-yearly developments using higher-frequency capital flows data and a deeper analysis of topical issues over the period.

SEACEN Capital Flows Monitor - 2019 Update

The SEACEN Capital Flows Monitor 2019 Update shows Asia-Pacific economies, as a group, remained a net capital exporter in the first half of 2019 with larger current account surplus and higher net foreign asset position. The analytical section focuses on the linkage between FDI inflows and direct investment income payments and their implications for the current account balance. Read the full report by clicking here.
 

SEACEN Capital Flows Monitor 2019

The third issue of the SEACEN Capital Flows Monitor indicates that although SEG economies, as a group, remained net capital exporters in 2018, it recorded lower net resident capital outflows than the previous year. The analytical section highlights the importance of identifying and defining the size or magnitude of non-resident capital inflows and outflows that may warrant policy consideration.

 

 

SEACEN Capital Flows Monitor - 2018 Update

The SEACEN Capital Flows Monitor 2018 Update is the second issue of the report in 2018. It focuses on first half 2018 trends and drivers of cross-border capital flows of SEACEN member economies, and includes Australia and Japan which are members of the SEACEN Expert Group (SEG) on Capital Flows. The first section of the report highlights that SEG economies, as a group, remained net capital exporters in 1H2018, although its net position declined due to lower portfolio inflows and lower reserve accumulation. The second section is an analytical section which focuses on benchmarking capital inflows. The section finds that actual capital inflows to most SEG economies oscillate around their respective benchmark, while for others, they are either persistently above or below their respective benchmark.

SEACEN Capital Flows Monitor 2018

The SEACEN Capital Flows Monitor 2018 is a bi-annual report on cross-border capital flows of SEACEN member economies, including Australia and Japan which are members of the SEACEN Expert Group (SEG) on Capital Flows. The inaugural June 2018 issue discusses recent trends and outlook on capital flows and international investment positions; and includes an analytical section on official reserve assets. It also presents several tables on key external indicators related to Balance of Payments Statistics and International Investment Position.

 

The South East Asian Central Banks (SEACEN)Research and Training Centre 198201000672 (80416-M)

 

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