Over the past decade, the global financial crisis and the rise of the digital economy have created new challenges for the management of the economy. During this period, emerging economies have had to deal with large and volatile capital flows. While such capital flows can have substantial benefits for economies in terms of growth and development, they can also pose substantial risks if not properly managed. Achieving macroeconomic stability can fraught with difficulty when capital inflows lead to greater volatility of domestic consumption, currency and maturity mismatches, as well as boom/bust cycles in asset prices. New approaches to capital flow management and improving resilience to capital flow shocks are thus more important than ever.
In conjunction with these developments, the onset and growth of fintech has implications for cross-border capital flows. Innovations related to payments systems, maturity transformation, and the allocation of capital can create challenges for macroeconomic stabilization to the extent that they disrupt the efficacy of policy tools used to manage the economy.
ADBI and Sim Kim Kee Boon Institute at the Singapore Management University are seeking original research paper submissions in any field related to macroeconomic stabilization in the digital age.
Submission Deadline: 1 August 2019
Authors are invited to submit full papers through this link. Please indicate if you would also like to submit your paper for inclusion in the ADBI book.