TAIPEI Taiwan's new central bank governor sees mounting challenges ahead in maintaining the financial stability of the island's trade-reliant economy, especially with rapid capital flows happening 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 Chin-long said in his brief speech at his swearing-in ceremony as the new governor of the Central Bank of the Republic of China on Feb. 26.
