McDowell study on capital controls published in the RIO

Daniel McDowell 2018"Closing time: Reputational constraints on capital account policy in emerging markets," co-authored by Associate Professor of Political Science Daniel McDowell, was published in the Review of International Organizations. The authors show that capital flow volatility is associated with outflow controls, but only when market peers are already closed, suggesting reputational concerns can limit policy autonomy. The study was featured in the Science X article, "When restricting capital movement, don't go it alone." 07/29/21