This paper numerically investigates the effect of chordwise flexibility on the dynamic stability of compliant airfoils. A classical two-dimensional aeroelastic model is expanded with an additional degree of freedom to capture time-varying camber deformations, defined by a parabolic bending profile of the mean aerodynamic chord. Aerodynamic forces are obtained from unsteady thin airfoil theory and the corresponding compliant-airfoil inertia and stiffness from finite-element analysis. V g and state-space stability methods have been implemented in order to compute flutter speeds. The study looks at physical realizations with an increasing number of degrees of freedom, starting with a camber-alone system. It is shown that single camber leads to flutter, which occurs at a constant reduced frequency and is due to the lock in between the shed wake and the camber motion. The different combinations of camber deformations with pitch and plunge motions are also studied, including parametric analyses of their aeroelastic stability characteristics. A number of situations are identified in which the flutter boundary of the compliant airfoil exhibits a significant dip with respect to the rigid airfoil models. These results can be used as a first estimation of the aeroelastic stability boundaries of membrane-wing micro air vehicles. (C) 2010 Elsevier Ltd. All rights reserved.