Special Issue "Trade, Economic and Financial Crisis"
Deadline for manuscript submissions: 31 December 2022 | Viewed by 4579
Interests: energy; mathamatical modelling; energy finance; energy pricing; carbon pricing; time series analysis; forecasting
Special Issues, Collections and Topics in MDPI journals
Special Issue in Energies: Mathematical and Statistical Models for Energy with Applications
Special Issue in Energies: Behavioral Models for Energy with Applications
Special Issue in Economies: Financial Economics: Theory and Applications
Experience with financial crises points to one thing—they are unpredictable, and poorly managed domestic macroeconomic policy and/or ill-advised external trade policy can trigger financial and economic turmoil and engulf the whole world. The possibility of a recurrence and the toll it takes demand intense academics scrutiny, and more importantly, it is important that those working in the area of international trade and finance take a look at the volatility in the financial market if it could be a source of a major economic downturn. The way economic/political forces are operating in recent times might lead us that way. While we note some positive trends in the markets—since 2016, there has appeared to be a strong market—a more careful look at the patterns observed in intra-day trade and several economic indicators might point to some unusual features. Regardless of conjecture, many believe that the matter is in need of intense scrutiny and analysis, perhaps through the lenses of finer econometric tools and models.
Economic historians still consider the Smoot–Hawley Act (1930), inter alia, as the root of the havoc that led to the Great Depression in the US, taking the whole world with it. Nobody is predicting a return to those ominous signs, but make no mistake, we may be in a phase where we almost fulfill the twin criteria noted above. So, is it plausible for the US to engage in a repeat of such follies? Should bad policy persist, which might trigger a far worse catastrophe in terms of both duration and intensity? The answer to whether or not it could happen can be explored through deep academic research, which can help to identify potential signals, if they exist. Many feel that, although the crisis of 2007–2008 has officially been declared to be over, the ghosts of the past seem to surround us, ready to strike if we fail to manage our house.
In light of this concern, the aim of this Special Issue is to collect wisdom from academics/policymakers across the world to capture their thoughts and publish them for dissemination to policymakers and professionals working in the field of international finance. This will make them aware of the cost of financial/economic crises. Although, several experts in the field of financial markets have been raising red flags for some time, academics have yet to come forward as they ought to lead any discussion. They are needed to analyze field data and offer insight into this matter of much import. Our aim can be restated as an attempt to identify early signs of economic boobytrap—if any—that might lie ahead. Hopefully, we will gather a set of serious academic papers from scholars of great expertise and demeanor. We are hopeful that we all can learn from such valuable insight, to guide policymakers and help them become prepared, which is sure to help us minimize the damaging effects of a crisis. Both theoretical and empirical papers are welcome.
Please consider submitting articles for publication to the journal JRFM, which is JEL coded and strictly follows a double-blind peer-review process to ensure quality. We are allowing a very broad latitude for authors to accommodate a diversity of papers from the discipline. Should you have questions, please feel free to address them to me.
Dr. Faridul Islam
Manuscript Submission Information
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