Economic Policy Uncertainty in Emerging and Small Open Economies

Dear Colleagues,

Since the 2008 financial crisis, we have experienced above-average levels of economic policy uncertainty (EPU) in markets around the world. From Brexit to the recent tariff war between China and the United States and increased political conflicts between countries around the world, we have seen how economic policy uncertainty negatively affects economic activity, international trade, and firm-level investment spending.

Despite the research carried out in large and relatively closed economies such as the United States, there is still a limited body of work concerning the impact of EPU in countries with small open economies and countries with emerging economies.

This Special Issue is specifically looking for empirical contributions on how EPU is associated with asset prices, investment behaviors, corporate finance, and enterprise risk management in emerging and small open economies.

We also strongly encourage topics that look at the international spillover effect of EPU via trade and international capital market linkage. Studies that adopt novel dataset and address unique country-specific events are particularly welcome. Some broad topics that are associated with EPU might include but are not limited to the following:

  Asset pricing: EPU risk premium, return predictability, etc.;

  Investments: capital market anomalies, information efficiency, crash risk, etc.;

  Behavioral biases: sentiment, herding, etc.;

  Corporate Finance: corporate investment decisions, cost of capital, corporate innovation, dividend policies, etc.;

  Banking: funding issues, policies, liquidity, etc.;

  Market linkage: EPU spillover, domestic vs. global EPU, economic regions, etc.;

Others: housing markets, corporate sustainable strategies, alternative investments, etc.

Dr. Daniel Chai
Guest Editor

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. 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.