Cep Jandi Anwar

Policy Credibility and Capital Flight: The Role of Monetary Policy Efficiency and External Debt in Developing Economies

Yeremia Sahat Kirana, Cep Jandi Anwar & Indra Suhendra · Asian Journal of Economics, Business and Accounting · 2026

The theory of capital flight induced by external debt proposes the possibility that the rising external debt might lead investors to expect losses in their currencies, fiscal problems, or the imposition of capital taxes in the future, which could cause funds to be diverted abroad...