1. Introduction
2. Capital mobility in emerging Asian countries
3. Determinants of inward foreign direct investment in emerging Asian countries
4. Determinants of outward foreign direct investment from emerging Asia
5. Determinants of non-foreign direct investment capital flows
6. Capital flows and real exchange rates in emerging Asian countries
7. Effectiveness of capital controls : evidence from Malaysia and Thailand
8. Conclusions and policy inferences
Appendix 1. A chronology of capital account policy in Malaysia, 1992-2010
Appendix 2. A chronology of capital account policy in Thailand, 1990-2010.