While a growing amount of economic evidence has emerged that capital controls as a tool may both be ineffective for many of their stated purposes, there has been little examination of their long-term effects that can harm rather than help entrepreneurship in emerging markets. The purpose of this...

Critics of globalization view the free flow of capital as economically destabilizing and advocate capital controls for four main reasons: controls are intended to guard against volatility, prevent financial contagion, enable infant financial industries to develop in domestic markets, and be an...

What determines how a national government reacts in a crisis? The COVID-19 pandemic provides an opportunity to explore leadership behavior and crisis management, and this paper examines what drove the extent of the lockdown in countries around the world during the first wave of coronavirus. In...