Call For Papers: Workshop on “Recent Developments and Future Prospects for the International Monetary System”

The Hong Kong Institute for Monetary and Financial Research (HKIMR), the ASEAN+3 Macroeconomic Research Office (AMRO), the European Central Bank (ECB), the European Stability Mechanism (ESM) and the Bank of Finland Institute for Emerging Economies (BOFIT) are co-organizing a workshop on “Recent Developments and Future Prospects for the International Monetary System” on August 24-25, 2023 in Hong Kong.

We are now inviting authors to submit papers for the workshop. Deadline for submission is May 31, 2023.

An open question of relevance to research and policy is whether recent developments in the global economy could have significant long-term impacts on the international monetary system. For example, some countries are proposing regional currency areas, some oil producing countries are trying to diversify the currency denomination of their international oil trade, others are diversifying their foreign reserves into non-traditional assets and currencies, which are also playing increasing roles for global trade and investment. Moreover, many countries are experimenting with central bank digital currencies (CBDCs) and plan to explore avenues to facilitate cross-border payments using CBDCs. The goal of this workshop is to analyse recent developments in the international monetary system, and assess future prospects in the context of recent geo-economic developments and risks of fragmentation of the global economy, as well as to explore implications from the perspectives of international economic policy and global financial stability. We invite submissions on topics that include (but not limited to):

Regional currency areas and their implications on the international monetary system
Evolution of global reserve currencies
Changing currency patterns in international finance and trade
Central bank digital currencies and innovation in global payment systems
De-globalization risks and their potential impact on the international monetary system
Capital flows, exchange rate regimes and global financial stability
Central bank interventions and exchange rate stability
Regional and global financial safety net, effective crisis prevention and management
Implications for policy and reform of the international monetary system
Crypo assets, financial stability and international monetary system
We invite authors to submit completed papers or extended abstracts. Preferences are for completed papers. You are welcome to circulate the Call for Papers to interested economists within your network.

All submissions should be sent by email to in PDF format, using the authors’ names as the file name, and enter “Submission for HKIMR Joint Workshop on 24-25 August 2023 ” as the email subject line. Please also indicate in your submission whether you would be interested in being a discussant as well. The papers will be selected based on originality, analytical rigor, and policy relevance.

Only the authors of accepted papers will be informed by June 23, 2023.