The ramifications of the international financial crisis and the looming debt crisis in developed and emerging capital markets raised concerns about the stability of the global financial system. More recently, some major developed economies such as USA, United Kingdom, and Japan have adopted serious measures aiming to contain expanding fiscal deficits to avoid Greece style debt crisis scenario.
However, austerity measures in major developed economies in general are expected to impact on future global economic growth and on global financial system stability. The aim of this issue is to invigorate potential research papers on the global debt crisis and financial markets instability. Papers on theoretical or empirical aspects of the issue are welcome.
Research papers expected to cover, but are not limited to, the following issues:
- Efficiency of banking sector
- Fiscal deficit macro models
- Foreign exchange markets
- Capital markets
- Financial system stability
- Contagion and systematic risk analysis.
- Debt crisis and FX markets
Deadline for receipt of manuscripts: 31 January 2011