RISKS OF SPECULATIVE CAPITAL FLOWS AND THEIR MANAGEMENT

This article examines the risks associated with speculative capital flows, which play a key role in international financial markets. While these flows can attract essential foreign investment, they also pose risks of macroeconomic instability, financial disruption, and sudden capital outflows. The article explores the theoretical basis of these risks and analyzes the principles of regulation designed to mitigate their impact, focusing on how speculative capital flows affect financial stability and applicable policies that help maintain it.