Financial Risks and Stability in Emerging Markets

Dear Colleagues,

We are grateful for the opportunity to invite you to submit your research to this Special Issue of Risks, which is titled “Financial Risks and Stability in Emerging Markets”. In recent years, emerging markets have significantly improved their efficiency and established themselves as central to the global financial system; however, they remain highly susceptible to domestic and global shocks as well as structural instabilities. This Special Issue aims to provide a rigorous academic platform for examining the complex risk landscapes of these markets, focusing on how global and domestic uncertainties translate into quantifiable financial risks.

We seek submissions that employ advanced econometric models, machine learning, and empirical approaches to assess financial stability. While we welcome research on a broad range of financial risks, we are particularly interested in how energy market transitions, environmental volatility, and evolving regulatory frameworks act as catalysts for systemic shocks, affecting asset pricing, credit risk, and corporate financial structures.

Areas of interest include, but are not limited to, the following potential topics:

• Systemic risk and financial contagion in emerging markets and their financial systems.
• Impact of global macro- and micro-shocks and energy price volatility in emerging markets.
• Systemic financial risks arising from the "green" transition in resource-dependent economies.
• Machine learning applications for stress-testing financial institutions against environmental volatility.

We look forward to your innovative research that enhances our understanding of risk management in these critical sectors.

• ESG (Environmental, Social, and Governance) risk and its impact on portfolio performance in emerging markets.
• Financial risk assessment of SDG (Sustainable Development Goal) investments and their performance and volatility in emerging markets.
• Market microstructure and liquidity risks driven by environmental policy uncertainty in emerging markets.
• The impact of energy price volatility on corporate capital structure and financing costs in emerging markets.
• Contagion effects and spillover risks between energy commodities and financial asset classes during financial crises.

We anticipate your innovative research and your contribution to a more comprehensive understanding of risk management in these critical areas.

Dr. Duygu Zirek
Dr. Seungho Shin
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-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Risks 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 1800 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.

• financial risk management
• emerging market volatility
• climate-related risk
• emerging market stability
• environmental volatility
• empirical asset pricing