Nature, Finance and the Macroeconomy: Risks, Impacts and Feedback Effects

Nature, Finance and the Macroeconomy: Risks, Impacts and Feedback Effects

The Asia School of Business, Bank Negara Malaysia, Council on Economic Policies, sustainable macro and INSPIRE invite you to this conference, taking place in person in Kuala Lumpur, Malaysia, on 19-20 October 2023. The conference addresses challenges posed by nature loss, including deforestation and land-use change, and the related environmental risks and impacts for the macroeconomy and finance. It aims to also discuss implications for monetary policy, financial supervision and climate policy. 

Join the conference

Keynote speakers:

Dr Norhana Endut, Assistant Governor, Bank Negara Malaysia
Allan Hsiao, Assistant Professor, Economics and Public Affairs, Princeton University


Please click on the link to register for the conference as an on-site or online attendee.

Call for Papers

The global economy faces new risks due to the degradation of nature and the unsustainable extraction of renewable and non-renewable resources. The micro- and macro-economic impacts of nature loss have received increasing attention in the last few years and the importance of addressing the degradation of different aspects of nature (soil, water, forest, biodiversity), their interactions with each other and interconnections with climate change is increasingly understood.  However, the financial implications are still largely unexplored.

The uncertain future development of nature degradation poses several questions for research in macroeconomics, finance, and environmental policy studies as a whole. To advance insights in the field, both for academia and practitioners, this conference aims to gather early researchers to present new studies, discuss the state of current knowledge and identify new areas for future research.

The degradation of nature, particularly through economic activities such as deforestation and land-use change will have significant macroeconomic implications, calling for further research along a range of research questions.

Submissions are now closed. You can find the archived call for papers 2023 here.

Information and contact

Scientific committee

Aziz Durrani (ASEAN+3 Macroeconomic Research Office), Ben Filewod (London School of Economics), Charlotte Gardes-Landolfini (IMF), Darian McBain (London School of Economics), Elsa Allman (Banque de France), Felicia Liu (University of York), Ho Sui-Jade (Bank Negara Malaysia), Markus Leippold (University of Zurich), Nicola Ranger (University of Oxford), Ole Jens Rummel (SEACEN), Skand Goel (S&P Global), Ulrich Volz (SOAS)

Organising committee

Elena Almeida, Julia Bingler, Chiara Colesanti Senni, Simon Dikau, Adrian von Jagow, Natasha Jalil, Ozer Karagedikli, Alain Naef, Nur Syairah Husna Mohd Ridzuan, Fathin Rusliza, Nathalie Marins, Nicole Toftum, Zhai Gen Tan, Thessa Vasudhevan

You can contact the organising committee at contact[ at ]

Important dates: 

  • Submission of (draft) papers: 4 August, 2023
  • Announcement of accepted papers: 4 September, 2023
  • Submission of final papers: 30 September, 2023
  • Conference: 19 and 20 October, 2023 (Asia School of Business, Kuala Lumpur, Malaysia)


The submission deadline for papers was 4 August. Accepted papers will be notified by September 4.

General FAQ

Who can submit proposals?
We accept proposals from all institutions conducting research, including academic-scholarship, nonprofit organisations, non-government organisations, and international financial and monetary institutions. We recommend research that is conducted in partnership with financial institutions and can work in cooperation between multiple organisations. We welcome research oriented around emerging economies and/or the global south. Women and minorities are encouraged to apply.
Do you accept proposals from commercial entities?
We don’t preclude commercial entities from participating. However, the full availability of the findings is key.
What is the size of your commissions?
Our commissions normally range from 10,000 - 50,000 US$.
Who can I contact if my question is not addressed here?
If you have further questions, please send these to