Poll: Can Asian Governments Stop Hot Money Inflows?

Low-interest regimes, particularly in the United States, have caused a flood of capital into Asia's emerging markets, sparking action by governments across the region to limit the so-called 'hot money' inflows.

South Korea is the latest country to announce plans to limit the potential volatility from incoming funds, which has pushed up its currency and and damaged export competitiveness. The government said Sunday it would impose a levy on banks' foreign debt from late 2011, to mitigate the impact a sudden reversal in capital flows may have on its economy.

The measure would follow similar moves by Taiwan and Indonesia.

But will these steps be enough to plug the flow? Let us know what you think, in the poll below.

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