Modern Monetary Policy issues and the evolving Banking Sector

Over the last years, the global financial crisis, the debt crisis of some Euro Area countries, and finally the COVID-19 pandemic have made the European Central Bank (ECB) to face severe and, in many cases, unprecedented challenges in fulfilling its price stability mandate. This is the commencement of a new era for monetary policy in Europe with the ECB adopting many unconventional monetary policies in order to achieve its goals and boost the real economy with liquidity. Thus, it decided to combine the standard tools, such as the adjustment of its policy interest rates, with several asset purchase programs (PSPP, CSPP, PEPP, etc.) and a forward guidance of its intended monetary stance.

However, many changes have also been made in the way that the banking system and finance industry in general operate and to the services that they provide to their clients. More specifically, digital wallets are replacing cash and cards, peer to peer lending platforms are becoming more and more attractive compared to conventional lending, and real-time platforms are diminishing the need for using cheques.  Credit cards and online payments are being replaced by solutions provided by many challenger banks and tech companies.

Finally, it is well known how important green bonds are for sustainable economic growth. Although green bonds are a new segment of the bond market, more and more investors are being aware of their importance and their contribution to the fight against climate change and its catastrophic consequences. Green bonds are designed to help the environment by directing portions of the capital raised to projects related to clean water, renewable energy, and energy efficiency among others.

The goal of this Call for Papers is to collect enough scientific articles for the creation of a journal. After assigning a topic the potential author(s) will have 3 months to submit the scientific article. A call with the Scientific Team of the Future Economic Lab Journal will be scheduled, in order for them to provide counselling and to answer questions.

To apply for this Call for Papers please click here.

Suggested topics:

Monetary Policy and Wealth Inequalities: The policies of the European Central Bank and their effect on the wealth balance of European economy.

How Price Stability is affecting the stability of the Financial System.

Digital Banking: How the merging of Traditional Banking and Fintech processes can bring about disruptions in the Banking Sector.

Regulatory Sandbox and its effect on policy making.

Crowdfunding: How the regularization of microfinance will affect the market.

Green Bonds: How will climate change affect markets?

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