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Financial system being the place of metting capital flows (equality betweensaving and investment), a volatility of capital flows can destroy therobustness and good working of financial system, it means subvert financialstability. The same a weak financial system, few regulated and bad manage canexacerbate volatility of capital flows and finely undermine financialstability. The present study provides evidence on feedback effect betweenvolatility of capital flows and financial stability in Democratic republic ofCongo (DRC), and estimate the contributions of macroeconomic andmacroprudential policies in the attenuation volatility of capital flows effectson financial stability and in the prevention of instability financial.Assessment dynamic regression model a la Feldstein-Horioka we showed thatfinancial system is widely supplied and financed by internationals capitalflows. This implicate Congolese economy is financially mobile, that can bedangerous for financial stability. The study dynamic econometric of financialsystem's absolute size, we stipulate financial system has a systemic weight onreal economy. Hence a shock of financial system could have devastating effectson Congolese economy. We estimate a vector autoregressive (VAR) model for provethe bilateral causality and impacts of macroeconomic and macroprudentialpolicies. With regard to results, it proved on the one there is a feedbackeffect between volatility of capital flows and financial stability, on theother hand macroeconomic and macroprudential policies can't attenuatevolatility of capital flows and prevent instability financial. It provemacroprudential approach is given a better result than monetary policy. Theimplementation of framework macroprudential by Central Bank of Congo will bebeneficial in the realization of financial stability and attenuation volatilityof capital flows.Keywords: Volatility of capital flows, financial stability,macroeconomic and macroprudential policies

Feedback effect between Volatility of capital flows and financial stability: evidence from Democratic Republic of Congo