Ideas for Developing Asia and the Pacific

Call for Research Proposals on Monetary Policy and Central Banking Issues in Asia and the Pacific


Asian Development Bank Institute

The conduct of monetary policy has become increasingly challenging for emerging Asian economies in recent years due to the effects of the invasion of Ukraine on global supply chains, the COVID-19 pandemic, unconventional monetary policies in advanced countries, volatile capital flows, shifts in commodity prices, and the rise of digital finance and credit intermediation by the nonbank sector. Such developments have elevated the importance of enhancing monetary policy transmission to the real economy and ensuring effective coordination of monetary policy with both fiscal and macroprudential policy. 

The Asian Development Bank Institute (ADBI) is seeking research paper proposals on key topics related to monetary policy, central banking, and banking and finance, with a focus on economies in Asia and the Pacific. Selected papers will be featured during one of three one-day workshops cohosted by ADBI, the Asia-Pacific Applied Economics Association, and three central banks from the region (one for each workshop), to take place during the second half of 2023. Upon satisfactory revision of papers after the event, they may also be eligible for submission to a special issue of an SSCI-listed academic journal. 

Research paper topics of interest include, but are not limited to:

  • Managing inflation and currency volatility
  • Monetary and fiscal policy coordination
  • The effectiveness of unconventional monetary policy
  • Monetary policy shocks and spillovers
  • Macro-financial linkages and the financial system
  • Asset market and capital flow volatility
  • Liquidity risk and credit risk
  • Monetary policy operational frameworks of central banks
  • Exchange rate management 
  • Financial supervision and macroprudential policy effectiveness
  • Monetary policy transmission in the digital age 
  • Nonbank finance and monetary policy

Submission Procedure

Authors should submit their research paper proposals in the form of an extended abstract using this link by 27 April 2023. 

Proposals should be no longer than two pages in length (1,000 words) and structured as follows:

  • Author(s) and affiliation(s)
  • Title of paper
  • Description of research objective and contribution
  • Methodology and data to be used
  • Expected implications for monetary policy

Only authors of selected proposals will be contacted. 

Arrangements for Selected Proposals

Authors of selected proposals will be required to submit a full draft paper four weeks prior to the related workshop, to be held either virtually or physically at one of the participating central banks should travel conditions permit. 

For selected authors who are citizens of Asian Development Bank member economies, ADBI would cover the cost of return flights (economy class) and one night hotel accommodation in the case of a physical event. 


All inquiries may be directed to John Beirne [email protected] and Pradeep Panthi [email protected]