Asian capital markets, too, are more closely bound to global markets than to each other.
ECONOMIST: Regional economic integration has a long, long way to go
What East Asia hoards, America happily spends: the inflow of Asian capital keeps American interest rates low and demand high.
Western luxury brands are also increasingly tapping Asian capital for growth.
FORBES: Hong Kong Fashion Chain I.T Sees "A General Slowdown" in China's Consumer Spending
She is international editor of the Asian Venture Capital Journal and a former editor at Red Herring, Chief Executive and International Business.
Hayes prevailed, rounding up enough new capital from Asian investors to take the company out of bankruptcy in 1996 and to pay off all the creditors with interest.
Newly tightened disclosure requirements could make it harder for capital-hungry Asian companies to gain access to U.S. financial markets.
If these reserves lost value, Asian economies would suffer an almighty capital loss in domestic-currency terms.
There is a chance that Brazil is heading in the U.S., European and Asian direction now of low cost capital.
The marriages and write-offs by Japanese institutions highlight a key plank in the strategies of topnotch Asian banks: Beef up your capital.
Although China runs a large trade surplus with America, it runs deficits with other Asian countries from which it imports capital equipment and components.
Robert Rountree, regional strategist at Nomura Research In-stitute in Hong Kong, thinks Asian companies will accelerate their use of capital markets versus banks for two reasons.
"Expectations are lower than a year ago, but they are still not sensible, " says Anil Thadani, a longtime Asian investor who is chairman of Schroder Capital Partners in Singapore.
Every day we read of major U.S. companies borrowing cheaply in the U.S., as intended by the stimulus efforts, but then free to invest that capital in China and other Asian nations.
Nor has accession in July to the regional club, the Association of South-East Asian Nations, brought a bonanza of foreign capital.
The company capitalized on the "fabless" trend that allowed a chip firm to concentrate on design and avoid billions of dollars of capital spending by outsourcing production to Asian factories.
Since mid-1999 the U.S. and Japanese markets and the Morgan Stanley Capital International EAFE Index of European and Asian stocks are all off between 13% and 22%.
Governments are willing to bear these higher costs to avoid the kind of dumping and capital flight that took place during the Asian crisis, but it is curious that local investors require more compensation than international investors.
ECONOMIST: The new problem with Asian sovereign debt��scarcity
Then giant hedge fund Long Term Capital Management collapsed due to big bets on Asian currencies, causing problems also for the large banks that had financed it.
In emerging markets and oil-exporting nations, still feeling the lingering effects of the Asian financial crisis of 1997-98, demand for capital has failed to keep up with supply.
In the early 1990s, the Asian miracle economies received a large inflow of foreign private capital on account of the financial liberalization they undertook and their economic success.
Malaysia has only recently started to shed a questionable reputation it acquired after former prime minister Mahathir Mohamad tried to stop money from leaving the country during the Asian financial crisis in 1997 by imposing short-term capital controls.
This was largely a reaction to the painful memory of the Asian crisis: Asian countries wanted to insure themselves against another sudden flight of capital.
In 1997-1998, Vietnam turned inward and gave priority to the mobilization of domestic capital to make up for the loss of East Asian trade and investment.
Other destinations to highly in the best airport category this year include Hong Kong International and Beijing Capital International, carrying on a tradition of strong Asian performance at the awards.
Other destinations to rank highly in the best airport category this year include Hong Kong International and Beijing Capital International, carrying on a tradition of strong Asian performance at the awards.
Those who think capital controls alone can avoid a repeat of the East Asian crisis, however, are offering a dubious remedy.
"I was pleased that there were no issues of capital and currency controls, " says Christopher Cron, Asian chief for U.S. insurer Reliance National in Hong Kong.
This sharp drop is due to a collapse in capital heading for the five economies most affected by the Asian financial crisis: Indonesia, the Philippines, Malaysia, South Korea and Thailand.
Shortly beforehand, the Europeans will have been talking up their supporting role in all this diplomacy, when the European Union's 15 met ten Asian counterparts for an Asia-Europe Meeting in the South Korean capital, Seoul.
Your capital is riding on the faith and credit of the Asian Art Museum Foundation of San Francisco, National Public Radio, the Southern California Metropolitan Water District and something connected to the Shorewood Apartments, among other entities.
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