developed, and strategies to achieve resilience to both inflows and outflows in a world where exogenous events may frequently … capital flows in emerging and developing countries, focusing specifically on capital inflows as well as on the links between … inflows and subsequent capital-flow reversals. The objective is to clarify the policy challenges that such inflows pose and to …

bilateral exchange rate volatility from 2009 to 2019. Applying an intervention analysis based on model-selection approach, we … rate volatility, but the effects vary across countries and sometimes can even be reversed. Further investigation shows that …