TAIPEI -- Taiwan's new central bank governor, Yang Chin-long, said on Monday he saw mounting challenges ahead to maintain the trade-reliant economy's financial stability amid rapid capital flows in the global market.
"We think global capital movements really have huge impacts on an open and small economy [like Taiwan]... These fast capital flows could sometimes even cause financial crises for emerging markets," Yang told the audience in brief remarks during a ceremonial swearing-in event on Monday.
