Special Issue "International Money and Finance: Business as Usual or Brave New World?"

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Banking and Finance".

Deadline for manuscript submissions: 1 November 2020.

Special Issue Editor

Prof. Dr. Jaime Marquez
Guest Editor
Johns Hopkins School of Advanced International Studies (SAIS), Washington, DC 20036, USA
Interests: Economics; International Economics; International Monetary Economics; International Trade Theory and Policy

Special Issue Information

Dear Colleagues,

That international monetary and financial arrangements adjust to unforeseen economic and political developments is clear from history. The predictability of these adjustments is not, however, always clear: The question of whether we can rely on history to generate forecasts is ever-present. As a result, developing the methodology to understand the adjustments and assembling the quantitative evidence of their importance is relevant for assessing risks and developing alternative financial management strategies. The overarching question is to what extent economic relations are autonomous—that is, invariant to unforeseen developments. Such evidence is also relevant to the academic community, to policymakers, and to professional practitioners. This Special Issue of the JRFM is seeking papers assessing the quantitative importance of changes in the character of international interdependencies in response to unforeseen developments. 

The questions of interest include:

  • What explains the 25% decline in the aggregate of notional values of OTC derivatives since 2013 reported by the BIS?
  • Has the responsiveness of U.S. interest rates to changes in the foreign demand for U.S. Treasury Securities been affected by the financial crisis of 2008?
  • Conventional and unconventional international spillovers of monetary policy
  • What factors may account for recent declines in the neutral interest rates across industrial countries?
  • Monetary policies
    • Central bank management of MBS holdings and reinvestment
    • Forward guidance
    • Negative interest rates
    • Exit strategies
    • International interdependency of monetary policy rules
    • Global macro prudential monetary policies
  • What explains international reserves holdings of emerging market economics?
  • Will the RMB displace the Japanese Yen and the British Pound Sterling as reserve currencies? If so, when?
  • The relation between commodity prices and exchange rates: causal or casual?
  • What are the implications of climate changes for modeling financial risks and financial management?

Accepted papers will receive a 35% discount relative to the Journal’s publication fee.

Prof. Dr. Jaime Marquez
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1000 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (1 paper)

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Open AccessArticle
Do Capital Flows Matter for Monetary Policy Setting in Inflation Targeting Economies?
J. Risk Financial Manag. 2020, 13(7), 139; https://doi.org/10.3390/jrfm13070139 - 30 Jun 2020
The aim of this study is to determine if capital flows can account for the international effects on domestic monetary policy, using an augmented Taylor rule model. In addition to the standard determinants of nominal interest rates, we include capital flow measures to [...] Read more.
The aim of this study is to determine if capital flows can account for the international effects on domestic monetary policy, using an augmented Taylor rule model. In addition to the standard determinants of nominal interest rates, we include capital flow measures to show how central banks consider this important factor when deciding on the most appropriate monetary policy. Using a panel of inflation targeting economies and the dynamic panel approach, this study finds that capital inflows and outflows are an important determinant of nominal interest rates. Full article
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