Financial Stability in Light of Market Fluctuations

Dear Colleagues,

This Special Issue aims to investigate the dynamics of economic cycles, with a particular focus on how monetary and credit expansions precipitate boom and bust scenarios. This Special Issue will assess the connection between economic expansions, recessions and banking activities. Research addressing the role of bank credit in fostering economic and financial instability is highly encouraged. We welcome contributions exploring a range of theoretical frameworks, including the Austrian business cycle theory, Irving Fisher’s debt–deflation theory, Hyman Minsky’s financial instability hypothesis and the new institutional theories of finance, encompassing financial accelerator models and credit rationing models. Papers analyzing the transmission mechanisms of monetary policy and bank credit as triggers for business cycles are also sought. Furthermore, this Special Issue invites studies on the leading monetary and financial indicators of business cycles, such as monetary aggregates, yield curve slopes and central bank policy rates. Additionally, we are particularly interested in proposals for reforms aimed at preventing the propagation, deepening and persistence of economic cycles. By examining these interactions, this Special Issue aims to deepen our understanding on how monetary and financial stability can prevent economic crises. It also seeks to provide valuable insights into effective policy measures and institutional reforms.

Prof. Dr. Miguel A. Alonso Neira
Prof. Dr. Carolina Cosculluela-Martínez
Prof. Dr. Víctor Espinosa Loyola
Guest Editors

Manuscript Submission Information

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