Keywords
Emerging economies
Financial stability
Systemic risk
Macroprudential management
Submitted : 2025-09-14
Accepted : 2025-09-29
Published : 2025-10-14
Abstract
International capital flows play a crucial role in the process of globalization, presenting both opportunities and challenges to the financial stability of emerging economies. This article sorts out the positive effects and potential risks of international capital flows on the financial stability of emerging economies. By combining case studies in recent years, it analyzes the complex relationship between cross-border capital flows and financial stability, and proposes policy paths for emerging economies to cope with the shock of capital flows, providing references for enhancing financial resilience and achieving sustainable development.
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