... The Institute of International Finance, Inc. Capital Flows to Emerging Market Economies Page 1 September 24, 2005 Capital Flows to Emerging Market Economies © 2005. The Institute of International ... among emerging market economies, accounting for one-third of net flows. ” The Institute of International Finance, Inc. Capital Flows to Emerging Market Economies Page 7 September 24, 2005 year to ... Finance, Inc. Capital Flows to Emerging Market Economies Page 16 September 24, 2005 Poland, were able to tap the private capital market at attractive spreads in order to prepay obligations to members...