The cross-border (and therefore cross-currency) transfers of huge amounts of investment funds disrupt domestic and foreign currency markets in many countries almost on a regular basis.
From the experience of the past year, it is clear that many of the smaller countries with rapidly expanding domestic economies and emerging financial markets find it increasingly more difficult to maintain domestic financial stability and remain within the unstable environment of an integrated global financial market. The amounts involved in volatile capital transfers are too large for the smaller economies to absorb.