Economia Internazionale/International Economics is a quarterly peer-reviewed scientific journal published by the Institute for International Economics of the Chamber of Commerce in Genova (Italy). It aims at encouraging and disseminating high quality research, which can be relevant for the Italian and the world economy.

The Review is inviting paper submissions for a special issue on

THE FUTURE OF CENTRAL BANKING

It will welcome and consider papers dealing with theoretical elements and with applied, institutional and historical aspects of different countries in order to think over this subject

Guest Editors:

Prof. Carlo Panico, Universidad Nacional Autónoma de México.

Prof.ssa Elena Seghezza, University of Genoa, Italy.

*    *    *

The role of central banks has undergone significant changes after the Global Financial Crisis. The use of unconventional monetary policies has led to a sizeable increase in these institutions' balance sheet. A large share of their assets at present consists of government bonds. At the same time, as part of the re-regulation of banking and financial systems that occurred in many countries after the Global Financial Crisis, the regulatory role of central banks has been expanding.

There is pressure for central banks to contribute to reducing inequality and to assume responsibility for climate transition. These changes raise questions about the scope of a central bank's responsibilities in a democratic system. Should it be increasingly involved in issues having direct political connotations, such as environmental and distribution policies?

Other main questions are the implications of holding a large portfolio of government bonds and of widening the central bank’s task of ensuring the stability of the financial system on the effectiveness of monetary policy and on the de facto independence of these institutions.

Further theoretical and empirical research is needed in these areas. This Special Issue of Economia Internazionale / International Economics invites the submission of high-quality articles, including (but not limited to) topics like:

• Central Banks: Between Greater Regulatory Powers and the Risk of Capture.
• Is there a cycle in the de facto independence of central banks?
• Central banks, monetary policy, and inequality in different countries.
• The broadening of central banks’ objectives (climate, inequality) and the risk of political involvement.

Authors wishing to submit a paper are requested to  follow the Submission guidelines (in case of problems you can contact us at economia.internazionale@ge.camcom.it ).

Submission deadline: May 31, 2027.

Papers will be peer-reviewed within June 30, 2027 and in accordance with the current journal policy (submission and publication are free). Any further inquiry may be directed to economia.internazionale@ge.camcom.it .