Today, we are all facing continuous (even daily) shifts in the financial arena. A dynamic competition and global interdependence are essential factors of the international financial landscape. These results are caused by increased integration of financial markets through globalisation processes. There are various financial means to internationalise activities and to penetrate on foreign markets and all of them provided major economics boost. Financial operations have a central role in the process of internationalisation and significant effort for dynamic development of both developed and developing financial markets.
From historical point of view, it is not the first time that the global economy has experienced deep economic crisis, but latest debate over financial economics has some new scientific dimensions. They are many reasons for increasing and tremendous interest in financial economics. Many times it is caused by continuous de-regulation and re-regulation, opening up and financial liberalisation, economic reforms and economic shocks. Latest global financial crisis dramatically changed the story and inaugurated many new approaches in both quantitative and qualitative financial literature. External shocks and financial crises created unstable and volatile economic environment, which is also challenging for academic scholars.
Overall, it is not wrong to say that whole economic activity and also recovery from severe business cycles are directly related with the financial issues. There is a growing literature that address and dealing with this. Yet, despite extensive researches in financial economics, many important aspects remained unclear. Therefore, the main goal of AFE is to examine financial issues by the using of original and sophisticated methodology. Specifically, we intend to provide a big picture for past and recent economic trends and competition, as well as academic and policy recommendations for new researches in this field. Thereof, we have established our AFE Working Paper Series. Moreover, we are preparing academic events and more publication opportunities in affiliated journals in the forthcoming period. Importantly, only the AFE fellows can submit papers to the Working Paper Series and to attend to the conferences. At last but not at least, this would certainly not consume significant amount of fellow’s time as we are working from distance, but will provide a higher visibility of the important output and participation in the funded project activities.