The report discusses the peaking of FX reserves and the shift in financial flows in Asia and other emerging markets post-2008. It highlights the changes in current account surpluses and financial inflows, particularly in China and EM Asia, and the impact on reserve accumulation. The report also notes the reliance of non-Asian EM countries on capital flows and their vulnerability to reversals in hot money flows.
documents/vol00010-efta01458287-pdf.pdf
{"title":"Special Report: The treat Accumulation' Is Over: FX Reserves Have Peaked","document_date":"2015-09-01","document_type":"tabular","key_locations":["China","EM Asia","North Asia","Latam","EMEA"],"document_subtype":"financial report","key_organizations":["Deutsche Bank","MF","Haver Analytics","CEXC","BMF","CBC","CRC"],"reference_numbers":["DB-SDNY-0118136","SDNY_GM_00264320","EFTA01458287"]}