Kurul, Zühal - In: Borsa İstanbul Review 25 (2025) 6, pp. 1221-1233
This paper investigates the role of capital controls in managing volatile capital flows by examining how developing countries (DCs) absorb this volatility. Using data from 44 DCs over the 2000-2019 period, we distinguish the extent to which countries offset inflow surges with outflows. We find...