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And in cemeteries around the southern border capital of Tapachula, Salvadoran officials said, there are dozens of unmarked graves of immigrants who have never been identified and whose deaths are not counted by any nation.
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In general, competition for capital has encouraged countries to improve their regulation to appeal to mobile capital although some, such as Malaysia, have resisted this pressure, and continue to impose controls on cross-border capital flows.Special report Capitalism and its troubles Crisis?
European cross-border capital flows are cleared through the ECB.
Here, cross-border capital flows are especially important.
In a world of (mostly) floating exchange rates, cross-border capital flows add to the problem.
The finance minister, Alexander Chikwanda, recently signed a law giving the central bank power to monitor cross-border capital.
This in turn sparked huge and occasionally destabilising flows of cross-border capital and a massive burst of credit creation.
But the opening up of international financial markets led to a huge growth in cross-border capital flows.
Emerging markets that need to wean themselves off cross-border capital will grow more slowly than their potential.
An unintended, but not unexpected, consequence of monetary easing has been sharp increases in cross-border capital flows.
He also focuses on house prices rather than financial assets, because they are less likely to be influenced by cross-border capital flows.
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