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Understanding the Drivers of Capital Controls: Macroeconomic vs Financial Stability in Emerging Market Economies

Biswajit Panigrahi

Asian Economics Letters2026https://doi.org/10.46557/001c.156217article
ABDC C
Weight
0.50

What the paper says

This study analyzes the role of macroeconomic stability goals and financial stability goals in determining capital controls, such as inflow and outflow controls in emerging market economies over the period 2000Q1-2022Q4. The findings reveal that while controls on short-term capital inflows are driven by macroeconomic stability goals like output growth and output volatility, controls on short-term outflows respond to the financial stability goal, such as asset prices.

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https://doi.org/https://doi.org/10.46557/001c.156217

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@article{biswajit2026,
  title        = {{Understanding the Drivers of Capital Controls: Macroeconomic vs Financial Stability in Emerging Market Economies}},
  author       = {Biswajit Panigrahi},
  journal      = {Asian Economics Letters},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.46557/001c.156217},
}

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Understanding the Drivers of Capital Controls: Macroeconomic vs Financial Stability in Emerging Market Economies

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.