Fiscal Policy, Tax Systems, and Financial Stability

Dear Colleagues,

This Special Issue brings together cutting-edge research that explores the complex interactions between fiscal policy, tax systems, and financial stability. It aims to advance scientific understanding of the channels through which public spending, taxation, and fiscal governance influence financial markets, institutions, economic performance, risk dynamics, and systemic resilience in modern economies.

This Special Issue welcomes theoretical, empirical, and policy-oriented contributions that examine the role of fiscal policy in promoting sustainable economic growth while mitigating financial vulnerabilities, including public debt sustainability, countercyclical policy design, and fiscal responses to economic shocks and crises. Particular attention is given to the structure and efficiency of tax systems, their impact on investment decisions, capital accumulation, productivity, and risk-taking behavior, as well as their implications for financial intermediation, market stability, and economic growth.

Topics of interest include, but are not limited to, the following: fiscal–monetary policy interactions; sovereign risk and its transmission to the financial sector; short- and long-term effects of fiscal measures on economic growth and stability; taxation and financial innovation, including digital economy taxation; tax policy coordination across jurisdictions; and other emerging challenges in the global fiscal landscape. Both developed and emerging economies are of interest, as well as cross-country comparative studies and policy-oriented analyses.

By bringing together insights from public finance, financial economics, and risk management, this Special Issue seeks to provide a deeper understanding of how fiscal and tax policies can foster sustainable economic growth, support stable financial systems, and enhance resilience to future shocks.

Dr. Desislava G. Stoilova
Prof. Dr. Richard J. Cebula
Guest Editors

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 submissions that pass pre-check are 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 250 words) can be sent to the Editorial Office for assessment.

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-anonymized 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 1600 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.