Dynamics of Modern Financial Systems: Inclusion, Complexity, and Institutional Resilience
A special issue of Systems (ISSN 2079-8954). This special issue belongs to the section "Systems Practice in Social Science".
Deadline for manuscript submissions: 31 July 2026 | Viewed by 470
Special Issue Editors
Interests: financial inclusion; financial stability; competitiveness; financial regulation; feasible generalized least squares model; banks; panel data; financial development; economic development; public finance; financial markets
Interests: financial markets; sustainable finance; energy finance; financial economics
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
This Special Issue seeks to reignite the debate on the stability of the financial system, highlighting how its dynamics and complexity increase systemic risk. By intermediating resources between economic agents, the financial system creates a network of interdependencies between them. As this network expands, complexity increases, and it becomes more difficult to predict the factors that affect stability. In addition, the structure of the financial system, composed of banking, capital markets, insurance, pension funds, and payment subsystems, reinforces this interconnection and requires an integrated understanding to ensure its efficient functioning.
Complex systems theory provides a useful framework for understanding this reality, arguing that strong interconnections between agents can generate emergent behaviors, an absence of linear cause-and-effect relationships, and limited predictability. On the other hand, due to the strong correlation between actors in the financial system, small shocks are easily amplified and quickly spread. Financial innovation results from the dynamics of the system and promotes financial inclusion, but it also increases complexity by changing the patterns of interaction between agents. Thus, our aim is to collate articles that address the dynamics and complexities of the financial system and suggest policies capable of predicting and mitigating systemic risk and fostering financial resilience and stability.
For this Special Issue, original research articles and reviews are welcome to be submitted. Research areas may include, but are not limited to, the following:
- Dynamics and complexity of financial systems;
- Interconnectivity, contagion, and risk transmission;
- Credit risk;
- Systemic risk and financial stability;
- Macroprudential policies and financial supervision;
- Financial innovation and digital transformation;
- Central bank digital currencies (CBDCs) and crypto-assets;
- Financial inclusion and economic development;
- Financial literacy and behavior of economic agents;
- Financial governance and institutional quality;
- Corruption, ethics, and integrity in the financial system;
- Financial resilience and response to external shocks;
- Sustainability, green finance, and economic transition;
- Models for forecasting and monitoring financial crises;
- Contribution of financial institutions to long-term stability;
- Financial regulation in complex environments;
- Technological infrastructures and cybersecurity;
- Banking competition and market structure;
- International financial and geopolitical integration;
- Digital platforms and electronic payments;
- Behavioral finance and decision-making.
We look forward to receiving your contributions.
Dr. João Jungo
Dr. Mara Madaleno
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. Systems 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 2400 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.
Keywords
- financial stability
- systemic risk
- financial complexity
- interdependence
- financial inclusion
- financial innovation
- financial intermediation
- complex systems
- financial contagion
- financial regulation
- prudential supervision
- emerging markets
- institutional resilience
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