But the rapid expansion of credit brought about by foreign financial intermediaries using various channels (including direct lending, lending via banking subsidiaries, and lending via leasing subsidiaries) has fueled asset booms and heightened exposure to foreign-exchange risk.
In Ermangelung einer wirksamen Regulierung hat die Finanzmarktintegration die Region für eine plötzliche und massive Schrumpfung von Kapitalzuflüssen verwundbar werden lassen.