global liquidity and financial flows to developing countries.pdf

UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT G-24 Discussion Paper Series Global Liquidity and Financial Flows to Developing Countries: New Trends in Emerging Markets and their Implications C.P. Chandrasekhar No. 52, November 2008 UNITED NATIONS G-24 Discussion Paper Series Research papers for the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development UNITED NATIONS New York and Geneva, November 2008 Note Symbols of United Nations documents are composed of capital letters combined with figures. Mention of such a symbol indicates a reference to a United Nations document. * * * The views expressed in this Series are those of the authors and do not necessarily reflect the views of the UNCTAD secretariat. The designations employed and the presentation of the material do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. * * * Material in this publication may be freely quoted; acknowl edgement, however, is requested (including reference to the document number). It would be appreciated if a copy of the publication containing the quotation were sent to the Publications Assistant, Division on Globalization and Development Strategies, UNCTAD, Palais des Nations, CH-1211 Geneva 10. UNITED NATIONS PUBLICATION UNCTAD/GDS/MDP/G24/2008/3