In Asian Currency-Reserves Checkup, Two Come Out on Top
- IMF gauge shows Thailand, Philippines offer resilience
- ‘You don’t attack’ those with adequate reserves, analyst says
A Deep Dive Into Global Currencies
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Less than a decade ago, the International Monetary Fund used to talk about Asian countries piling up too much in their currency-reserve stockpiles.
The global financial crisis turned that conclusion on its head, and now that U.S. interest rates are poised to keep climbing, the race is on to identify which countries have the strongest buffers against capital flowing out toward developed markets.