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By Gillian Tett
Published: January 13 2011 16:55 | Last updated: January 13 2011 16:55
Is there anything governments can do to clamp down on "hot money" flows? That question has prompted much hand-wringing in recent months, as emerging markets have battled strong currencies and asset booms.
This week produced fresh evidence of this fight: Korea announced that it was imposing new equity derivatives controls to deter excessive stock market speculation. This follows other controls announced in recent months in places ranging from Brazil to India on cross-border flows.
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