Hot Money in Asia

TOKYO (4 April 2011) Too much of the wrong kind of money can be bad for your health.

The Asian financial crisis of 1997–98 was preceded by surges of short-term private capital inflows ("hot money") into the booming economies of the region, contributing to inflationary pressure and asset bubbles. When this money fled as the crisis unfolded, central banks were unable to hold the line, the region's currencies depreciated sharply, foreign debt burdens jumped, and financial crises ensued.

In the wake of the global financial crisis, this new book provides useful advice to Asian policy makers on how to avoid such crises in the future and on how to manage the money inflows their growing economies still need.

A keynote talk will be followed by a panel discussion moderated by Henny Sender of the Financial Times.

Anyone interested in issues of hot money flows and their management will find this event invaluable. It will be particularly useful for bankers, those involved with foreign exchange transactions and monetary policy, macroeconomists, and financial specialists from the public and private sectors.

Entrance is free, but please register at: www.adbi.org

Members of the media are welcome.

Media Enquiries: media@adbi.org