Emerging Trends in International Macroeconomics: Insights and Challenges

Dear Colleagues,

We are pleased to announce the present Special Issue of the Journal of Risk and Financial Management entitled “Emerging Trends in International Macroeconomics: Insights and Challenges”.

In times of uncertainty due to political and economic instability, as well as recurrent global crises—global GDP growth has dropped below the zero-percent threshold only twice after World War II: in 2009 due to the global financial crisis (−1.4%) and in 2020 due to the COVID-19 pandemic (−3.1%)—it is vital to understand the following macroeconomic trends:

• Redefined global value chains (GVCs) and increased trade restrictions is a trend that the World Trade Organization (WTO) has been monitoring since at least 2020;
• New, cashless payment methods (including those based on blockchain and cryptographic technology) induced by technical advances and the potential introduction of e-cash (also called “central bank digital currencies” (CBDCs)) issued by central banks;
• The international monetary order based on a few currencies, of which the US Dollar is the most prominent, (in)directly derived from the Bretton Woods Conference (1944), and the growing pleas for increased inclusion of BRICS countries and their own currencies;
• Sovereign and corporate bond debt that reached almost USD 100 tn at the end of 2023 (i.e., the size of global GDP) and the increasingly urgent need to stabilize public finances;
• Renewed consumer-price inflation, which was +8.0% in 2022 at the global level, and the enduring asset-price inflation that eventually led to some of the most notable crisis episodes in the 2000s;
• The income and wealth distributive effects of recent and current monetary policy decisions across the global economy, particularly in major advanced countries.

The topics of interest for the present Special Issue are not limited to those mentioned above as far as they belong to the field of macroeconomics. We, therefore, invite scholars, researchers, and practitioners to add to the existing economic literature with original and high-quality papers, which will receive full attention and recognition from both Guest Editors and the Editorial Team.

An Article Processing Charge (APC, https://www.mdpi.com/journal/jrfm/apc) of CHF 1400 currently applies to all accepted papers. Limited financial support for publication fees may be available for authors of excellent submissions without any source of institutional funding.

Prof. Dr. Edoardo Beretta
Prof. Dr. Sergio Rossi
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 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 1400 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.

• CBDCs, cryptocurrencies and the tokenization of assets
• consumer-price inflation versus asset-price inflation
• economic and financial crises
• global value chains
• (inter)national macroeconomics
• international monetary order
• money and payment systems
• sovereign and corporate debt
• income and wealth distribution