Actual situation

== Globalization or expansion of cross-border financial flows allowed real imbalances of investment and savings to be financed more easily. Yet this situation where young, relatively poor countries of the world save more than they invest while the rich countries of the world do not should not go on for ever. The reverse flow seems more appropriate.

== In emerging Asia and the oil producing countries, external reserves continued to rise sharply, with a significant portion held in US$

== Private capital inflows to emerging markets stay strong Highly accommodative monetary conditions across the globe, accompanied by a continuing search for yield and an ample supply of invisible funds have also played an important role

== Public debt ratios are sustainable if they are between 25% and 50% of GDP