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In market conditions, banking institutions occupy one of the leading positions in ensuring economic growth. Proper development of the domestic economy is impossible from the proper functioning of the banking system, providing a range of specific services that would satisfy the needs of the client (consumer). This article discusses certain features of banking services. In the system of development of the modern banking services market, despite the already existing positive experience in the implementation of actions to provide banking services, there are still difficulties that negatively affect legal relations in this area. The main problem is that there is no legal definition of the concept of “service” and its characteristics. An analysis of the current legislation regulating legal relations in the provision of banking services was carried out. The Law of Ukraine “On Banks and Banking Activities” defines what “banking activities” and types of banking services are, but the very concept of “banking services” and its characteristics are absent. It is determined that banking services have common characteristics of services as objects of civil law, and attention is also drawn to the fact that banking services are characterized by certain features. The importance of a clear understanding of the “banking service” and its features is important for the reason that their absence leads to the fact that entities engaged in banking activities are interpreted differently. The article examines the issue that when concluding certain types of agreements on the provision of banking services, in particular a loan agreement, the banking institution is the creditor and at the same time the performer of the banking service, and the debtor is, accordingly, the customer of this type of service. In general, the theoretical research conducted is aimed at increasing the clarity of understanding of the basic categories in the field of banking. [ABSTRACT FROM AUTHOR]

ABSTRACT This article examines the puzzle of why China's two policy banks, China Development Bank (CDB) and the Export‐Import Bank of China (Eximbank), have lending portfolios for power‐generation projects in Africa that have drastically different levels of carbon dioxide emissions. From the supplier side, Eximbank balances two imperatives: Beijing's ideational ambition as a new development provider to African recipients with sustainability commitments, and China's industrial goal to offshore non‐renewable capacity. In contrast, the CDB prioritizes its commercial interests, which results in the bank lending solely for coal projects. On the demand side, Eximbank's concessional capital has emerged as a second‐best option among international financial sources for renewable and hydropower generation projects. Conversely, CDB's market‐rate lending makes it the fiscal last resort for host countries seeking financial support for thermal‐power projects which are shunned by other financiers. This divergence can be understood through the polycentric development finance model, which captures the parallel decision‐making institutions governing Chinese energy financing in Africa. Specifically, the lending decisions of Eximbank are linked with institutionalized policy processes, translating priorities of Chinese and African state actors. Meanwhile, the loan origination processes of CDB are more independent of state actors, allowing greater autonomy for the financier to pursue commercial interests. [ABSTRACT FROM AUTHOR]

AbstractFreezing or the danger of freezing the assets of many countries can make the run away from the US dollar an uncontrolled process. Whereas in the long term this process may be beneficial for the US and the world economy, the short- and medium-term adjustment costs can be extremely high. To ensure a soft landing the New Development Bank of BRICS countries can issue bonds that would be sold to countries, whose assets have been frozen or are afraid that they might be frozen by the West, so that they can store their foreign exchange reserves in these bonds. The Bank will invest the proceeds from the sale of these bonds in the traditional financial instruments for storing foreign exchange reserves—US and EU treasury bills and bonds denominated in the same dollars and euros. These BRICS bonds would be less prone to sanctions and thus considered safe investment. [ABSTRACT FROM AUTHOR]

This article focuses on the strategic role played by a multilateral development bank, the Inter-American Development Bank (IADB), and a bilateral development bank, the UK BII (formerly the CDC Group), during the COVID-19 pandemic. In detail, we will compare the initial activity of these two development banks (DBs) during the first phase, in 2020, with their actions in the following period. The analysis will also reflect on the role of safeguard policies in ensuring that the activities of DBs are in line with the fulfilment of their public purpose mandates and whether these rules were sufficiently broad and flexible enough to respond to an unexpected event such as the COVID-19 pandemic. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Economic Administrative & Legal Sciences is the property of Arab Journal of Sciences & Research Publishing (AJSRP) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Gazi Journal of Economics & Business is the property of Gazi Journal of Economics & Business and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Microfranchises (MFs), as an innovative organizational model, aim to enhance the productive capacity of the base of the pyramid (BoP) population in diverse contexts. We provide original insights into the underexplored role of MFs in the socioeconomic inclusion of victims of the conflict and former combatants in conflict settings while advancing theory-building in overlooked areas. To bridge these gaps, we use grounded theory in exploratory analysis of the total population sampling of 17 Colombian social enterprises/seven MFs financed by the United Nations Development Program and Inter-American Development Bank. Our results suggest that MFs were the most adopted organizational model in post-conflict Colombia, promoting the inclusion of victims and ex-combatants who collaboratively create contextualized solutions and prioritize community well-being, which has led to the development of a new iteration of the BoP model – BoP 4.0 - closely aligned with MFs, an innovative sustainable business typology developed. Its focus on Colombian social enterprises in post-conflict settings delimited this research. Thus, generalizing these findings beyond this context should be approached with caution. This study marks a significant contribution by revealing the pivotal role of MFs in promoting socioeconomic inclusion for victims in conflict-affected regions. Furthermore, it introduces the innovative concept of BoP 4.0, representing an evolution in sustainable business typology within the BoP framework. [ABSTRACT FROM AUTHOR]

China's attempt to build geopolitical influence through economic instruments has become a critical facet of US-China competition. How can rising powers convince follower states to join alternative (geoeconomic) initiatives created and/or led by the rising powers, in the shadow of potential rebuke from the hegemon? This article theorizes how rising powers can use strategic narratives to ameliorate the follower states' concerns of antagonizing the hegemon for aligning with alternative initiatives. We argue that rising powers can control the narrative through "two-front narration": simultaneously telling the hegemon that they seek limited changes, while telling follower states that they do not have to worry about crossfire because the rising powers-hegemon relations are non-zero-sum. By sending the right messages to different audiences to induce motivated reasoning, rising powers can manufacture the appearance of consensus among multiple audiences to help follower states hedge, while blunting the formation of containment coalitions. We adopt a mixed-methods approach to substantiate our theory: (1) text analysis of China's messaging about the Trans-Pacific Partnership (TPP) from 2008 to 2016; (2) case study of the rhetorical action-reactions between China, the United States, and the follower states on the relationship between the TPP and the Regional Comprehensive Economic Partnership; and (3) parallel case study of the rhetorical action-reactions between China, the United States, and the follower states on the relationship between the Asian Infrastructure Investment Bank and multilateral development banks such as the World Bank. Our analysis has implications for theories of strategic narratives in international politics and debates about geoeconomic competition/hedging in Asia. [ABSTRACT FROM AUTHOR]

The European Union (EU) and its member states are the world's largest development donor, but the European financial architecture for development suffers from well-documented problems of fragmentation. EU member states' decision to convene the Wieser Group in April 2019 raised expectations over rationalising the roles of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). However, the Council of the EU showed little enthusiasm for the group's call to create a single entity for external development finance. Twelve months later, member states endorsed Team Europe, an alternative approach which mobilises the resources of the EIB, the EBRD, the European Commission and national development finance institutions in support of shared development goals. This article seeks to explain why the Council ultimately preferred Team Europe's coordinated approach to the Wieser Report's centralised vision of a European Climate and Sustainable Development Bank. In keeping with new intergovernmentalism, we find that member states' willingness to cooperate but reluctance to delegate, and the aim of EU institutions to protect their turf, favoured Team Europe. We see few reasons to expect radical changes in this domain despite continued doubts over the effectiveness and coherence of European development finance. [ABSTRACT FROM AUTHOR]

The Regional Development Banks in Indonesia succeeded to maintain their performance, whereas other banks actually underperformed amidst Covid-19 pandemic. Interestingly, prior to pandemic, they experienced the opposite, which was triggered by their governance which is less than optimal. Thus, why were they better in pandemic? This article will answer the question. We specifically explore the role of organizational structure and governance mechanism on their performance. Therefore, all Regional Development Banks existed at the exact time serve as objects of the study. The data were collected from the financial and annual reports of each bank. They, then, were analyzed by Two-Stage Least Squares (2SLS). The result showed that only the size of risk monitoring committee positively contributed to their performance. However, the board size and independence contributed contrariwise. Other elements of governance i.e. board meetings, audit committee size, remuneration and compensation as well as the committee meetings did not have a significant impact. Their good performance during pandemic is dominantly defined by other factors such as credit growth and regional economic growth. Hence, the results of our study showed that the existed and widely used governance measures until recently were irrelevant, particularly in crisis. Therefore, this will be homework for academics to explore governance measure models from other perspectives. [ABSTRACT FROM AUTHOR]

This study examines the too-big-to-fail expectations in the primary market issuance spreads of commercial bank tier-2 capital bonds and additional tier-1 capital bonds in China. Using a sample of 574 issuances with total amount of 4.76 trillion RMB (749 billion USD), we conduct median regressions with the issuance spreads as the dependent variable. The coefficients of DSIB and GSIB are negative and statistically significant at 1% and 5% levels respectively in the full sample, and are negative and statistically significant at 1% level in the subsample after the guidance on asset management businesses was announced. Ceteris paribus, the issuance spreads of capital bonds of systemically important banks are 15.2 bps to 19.7 bps lower than those issued by other banks. The too-big-to-fail expectations and implicit guarantee of systemically important banks in the Chinese bond market, which narrow the primary market spreads of capital bonds issued by systemically important banks, may account for the results. To address the potential endogeneity issues, we use 90% quantile and 95% quantile of sample bank consolidated assets as proxies of systemic importance, and use China Development Bank bond yields to calculate issuance spreads, and the results show that the conclusion is robust. [ABSTRACT FROM AUTHOR]

Banks are developing services in response to consumer demand for environmentally friendly options. The trend towards green banking is picking up steam and will continue to do so over the next decade. Focus of the article is to analyse the issues faced by banking customer to adopt this green mode of banking. This exploratory study uses a questionnaire (quantitative treatment) to collect data through online mode. It was found in a survey that majority of respondent are aware of basic features of internet banking only. Thus, banks must make them aware with all the feature of internet banking and must provide them knowledge that how internet banking has a wide scope then other banking channel. The traditional definition of green development focuses primarily on environmental concerns. The growing use of the internet for various internet banking services opens up the possibility of establishing a long-term banking business. The goal of this paper is to identify the factors that influence internet banking acceptability and, as a result, it will give a roadmap to banks for its long-term growth. Results of the study indicating that internet banking is becoming more popular, but still the threat of privacy concerns and e-trust are two major roadblocks to acceptance. [ABSTRACT FROM AUTHOR]

A global consensus now recognises biodiversity as equal to climate change in its importance to sustainable development. While multilateral development banks (MDBs) have developed a strong emphasis on climate change, how do they approach biodiversity as a new priority? Current literature on MDBs' approach to climate change is prolific, but scholarship on biodiversity is scarce. Here, we compare MDBs' climate and biodiversity efforts in order to identify differences, analyze causes, and ultimately propose ways for MDBs to prioritise biodiversity. Methodologically, we analyze MDB documents in the form of policies, high‐level announcements, and strategies, in order to compare climate change and biodiversity across five aspects: Financing, policy, strategy, client requirements, and environmental reporting. Subsequently, we apply automated text analysis to examine mentions of climate change and biodiversity in annual reports. Focusing on the 10 largest MDBs, we find that across all five aspects, MDBs' prioritisation of biodiversity lags far behind that of climate change. From that, we recommend that biodiversity be prioritised by MDBs in three ways: By adopting an integrated strategic approach to environmental issues that goes beyond climate, by not only addressing biodiversity through safeguards but also through labeled projects, and by assigning targets as proportions of total financing. [ABSTRACT FROM AUTHOR]

Purpose: Islamic banking and microfinance institutions (MFIs) share the core objective of serving the underprivileged. This study aims to investigate whether Islamic banking development facilitates (greases) or hinders (sands) the social mission of MFIs. Design/methodology/approach: Data for 19 countries covering the period 2010–2018 were collected from the World Bank, Bank Focus and International Monetary Funds and analyzed using conventional econometric methods. Endogeneity-corrected techniques and alternative proxies were employed to ensure robust results. Findings: The study revealed that Islamic banking development (proxied by the size of the Islamic banking assets) weakens the depth of outreach of MFIs (measured by average loan size). In countries with growing Islamic banking, MFIs appear to shift their focus toward wealthier clients, potentially due to market saturation among the poor. This is evidenced by MFIs offering larger loans, suggesting a mission drift toward profit maximization. Therefore, it can be inferred that competition from Islamic banks, to some extent, erodes the social mission of MFIs. Originality/value: This study is among the few to examine the recent and comprehensive relationship between Islamic banking development and the social mission of MFIs. [ABSTRACT FROM AUTHOR]

Sustainable development is the primary goal of the current global economic transformation. The banking industry, as an intermediary institution within the financial system, not only serves as a crucial foundation for national economic development but also plays a key role in the global transition to sustainability and a low‐carbon economy. Banks can leverage the influence of financing to direct funds towards sustainable ventures and simultaneously develop green financial products, guiding ordinary consumers to make more environmentally friendly choices. How the banking industry can effectively improve operational efficiency while considering sustainable development is one of the key focuses of ongoing development in the banking sector. The main aim of this study is to incorporate the aspect of sustainable development into the evaluation of operational efficiency, aligning with the goals of corporate sustainable development. It allows for an analysis of how decision‐makers in the banking industry can adjust resources to maintain stable and sustainable profitability while promoting sustainable development. This study selected 13 financial holding banks and 19 non‐financial holding banks in Taiwan as research subjects, covering the period from 2016 to 2021. Utilizing a meta assurance regions (AR) parallel dynamic two‐stage slacks‐based measure model with "operational stage" and "market and sustainability parallel stage," the research explores the efficiency performance of banks considering sustainable development. It examines the differences in efficiency performance at various stages among different types of banks. The research findings are as follows: (1) among the banking industry in Taiwan, operational stage efficiency ranks the highest, followed by sustainable stage efficiency, while market stage performance lags behind. (2) Financial holding banks outperform non‐financial holding banks on average in operational stage, market stage, and sustainable stage efficiency. (3) Fubon Financial, TFH, CATHAY HOLDINGS, and SKFH are benchmark performers among financial holding banks. (4) Non‐financial holding banks exhibit a higher average technical gap ratio compared to financial holding banks, indicating that non‐financial holding banks have fewer inefficient areas to improve. However, the technical efficiency of both groups of banks approaches each other over the years. (5) In the sustainable stage, financial holding banks demonstrate superior environmental indicators and corporate treatment efficiency compared to non‐financial holding banks. [ABSTRACT FROM AUTHOR]

Pakistan has faced significant economic losses due to catastrophes, specifically floods. This study aims to assess the ripple effects of the 2022 floods, focusing on the Construction Industry, which has been gaining importance in the national economy, and on the resilience of economic sectors absorbing the negative shocks from floods. The study uses the Asian Development Bank's (ADB) Input-Output database for Pakistan using the Dynamic Inoperability Input-Output Model (DIIM) with the Fuzzy Full Consistency Method (F-FUCOM). The analysis revealed that the Construction Industry's weak resilience resulted in a prolonged recovery period and that the lack of flood risk mitigation infrastructure was identified as the most critical. The results suggest that policymakers prioritise such infrastructures, like dams, early warning systems, and transportation infrastructure, to enhance the resilience of the overall economy. [ABSTRACT FROM AUTHOR]

How do crises affect authority structures in international regime complexes? The international order is characterized by regime complexes consisting of ever more overlapping institutions competing for authority. Most complexes consist of established institutions facing a growing number of more recently created institutional contenders. We argue that crises can alter the competitive structure of regime complexes. From the perspective of states, crisis situations can provide newly created contenders—designed as institutional alternatives—with functional advantages over established institutions. Long-established institutions tend to be highly institutionalized, decreasing flexibility and speed of decision-making. Thus, during crises, states may shift their cooperative activities away from inert institutions and to newly created, more flexible alternatives that are less encompassing. We test the plausibility of our claim by studying the effects of the COVID-19 crisis on the regime complex of financial assistance (FA). The results of a qualitative process analysis of institutional crisis responses combined with a comparative network analysis of the FA complex support our argument. The COVID-19 pandemic provided an opportunity for the Asian Infrastructure Investment Bank and the New Development Bank to position themselves as crisis-proof alternatives for developing countries to established institutions like the World Bank. [ABSTRACT FROM AUTHOR]

The EU has committed itself to ambitious environmental, social, and techno-productive goals, and national development banks (NDBs) in the European financial architecture can be key actors in investment to finance them. However, not all EU member states have large and mature NDBs. In this light, this article examines the role of Spain´s mid-sized Instituto de Crédito Oficial and concludes that its dual nature, between the investment state and the private sector, provides it with levers to pursue EU goals effectively. Certain elements of this case could be used as lessons for other EU countries with smaller or underdeveloped NDBs. [ABSTRACT FROM AUTHOR]

In recent years, one of the regional development banks in Indonesia called as PT BPD, has experienced uncertain growth in its performance. It already developed its performance management system (PMS) by adopting an approach in which the indicators are applied to the individual level. The currently implemented PMS has several flaws, including a lack of standardization of performance indicators, an unintegrated system, inefficient data entry processes, and a lack of corporate-level implementation. To address these issues we proposed a design of PMS by using an integrated performance management system (IPMS) approach. The research is proposed for the corporate level, which is limited to the stage of design. The performance variables cover the perspective of business outcome, internal process, and resource capability. Each variable will be further analyzed in the linkages and benchmarking process. Finally, this study proposes a new PMS comprised of 12 variables for business outcomes, 8 variables for internal processes, and 8 variables for resource capability. Each variable is decomposed into several indicators (48 indicators) that serve as a corporate measurement instrument. [ABSTRACT FROM AUTHOR]

This paper investigates how the commitment to maintain an established inflation target as opposed to changing it depends on the extent to which institutional or economic preconditions improve in a country. For 19 inflation‐targeting countries, we show that stronger operational commitment to the preannounced target is pronounced in countries with a greater improvement in institutional or economic preconditions, such as central bank independence, inflation, government indebtedness, financial development and central bank credibility. Our results also highlight the heterogeneous contingencies for the discretionary behaviour of adjusting the target, including the gradual disinflation phase, fiscal dominance and the transition to flexible targeting. [ABSTRACT FROM AUTHOR]

Assessing the financial health of banks is crucial to ensure the stability of the financial system. This is not only a way to safeguard the interests of customers and shareholders but also to prevent inherent risks and ensure reliability in banking operations. Thus, evaluating financial health plays a crucial role in maintaining stability and sustainable development in the banking sector. This study employed three methods: RAM (Root Assessment Method), PSI (Preference Selection Index), and SRP (Simple Ranking Process), to assess the financial health of twenty-eight banks in Vietnam. Capital adequacy rating, asset quality rating, management rating, earnings rating, liquidity rating, and sensitivity to market risk rating are the six criteria used to characterize each bank. The evaluation results using these three methods were compared with each other and with the evaluation using the CAMELS rating system. The study identified banks with good financial health and those with weak financial health. The notable point is that the results of ranking financial health of banks using three methods: RAM, PSI, and SRP, and according to the CAMELS system are quite similar. These findings are vital in providing valuable information for managers and investors, aiding them in making informed decisions regarding investment, risk management, and development strategies based on empirical data. [ABSTRACT FROM AUTHOR]

This study assesses the performance of the GDP growth forecasts by the European Bank for Reconstruction and Development for 38 countries between 1994 and 2019. It presents the following results. First, forecast performances improved over time. Second, the projections were mostly conservative, except for some countries with optimistic next‐year forecasts. Third, these forecasts were broadly rational once asymmetric loss was assumed. Fourth, the magnitude of improvement in forecast performance, conservativeness, and optimism were likely to differ across regions, Commonwealth of Independent States membership status, and income levels. Fifth, information rigidity was mostly found to be present. Sixth, there was less information rigidity in the short‐term horizon in recent years, suggesting that improvement in the European Bank for Reconstruction and Development's forecasting practice and expanded information availability in transition economies enhanced its efficiency. [ABSTRACT FROM AUTHOR]

The World Health Organization (WHO) has approved a resolution on social participation in national health planning and implementation, allowing people, communities, and civil society to have a stronger voice in decisions that affect their health. The resolution aims to address health inequities and the erosion of trust in health systems, particularly in the face of challenges like climate change, conflicts, and pandemics. WHO will work with member states to implement the resolution by providing guidance, support, and reporting progress. Additionally, the WHO Health Assembly has requested the development of a global strategy for emergency, critical, and operative care, as well as the integration of mental health and psychosocial support in emergency response. Lastly, a special event celebrated the 50th anniversary of the Expanded Programme on Immunization (EPI) and called for renewed commitment to strengthen immunization programs worldwide. Finally, a strategic roundtable discussed innovative solutions to finance national health plans and promote universal health coverage. [Extracted from the article]

Objective: To explore content experts' experiences with item vetting during item bank development at a public sector medical university of Rawalpindi, Pakistan. Methods: An exploratory study was carried out from December 2022 to February 2023 at a public sector medical college of Rawalpindi. A purposive sampling technique was employed to collect data from all content experts of the study institute who participated in item vetting activity during pre-exam moderation in the university. A pilot-tested semi-structured interview guide was utilized, interviews were audio recorded and later transcribed. Participants' anonymity was ensured. Various quality assurance strategies were employed to ensure the trustworthiness of the findings. Thematic analysis was performed on the transcribed data and themes were finalized by achieving consensus among all authors. Results: Six themes overarching the fourteen subthemes emerged from the data. Participants expressed a profound sense of satisfaction and valued their experience in refining expertise in constructing multiple-choice questions (MCQs). It was widely acknowledged that such activities not only contribute to the enhancement of item development skills but also improve quality of items. Conclusions: The consistent implementation of item vetting routines, in conjunction with diligent adherence to item writing protocols, contributes to quality assurance measures in assessment. Item bank development for fair and transparent assessment ensures production of competent healthcare professionals filtering incompetent ones hence improving health care services in the community. [ABSTRACT FROM AUTHOR]

This article analyzes the statements, expressed through their documents, on teacher professionalization of three international organizations: the Organization of Ibero-American States for Education, Science and Culture; the Organization of Ibero-American States for Education, Science and Culture-Unesco and the Inter American Development Bank. The purpose was to identify their explicit and implicit stances on this issue, in the understanding that their discourses, policies and practices of teacher professionalization are part of the processes of production of the social in general and particularly of the educational field. A content analysis of the selected documents was carried out from a critical point of view to the discourse. The results show that a hybrid position on professionalization prevails, although mostly characterized by a teacher-school managerial approach. The conclusions invite us to consider hybridism as a predominant feature of policy-oriented documents addressed to multiple audiences and contexts. [ABSTRACT FROM AUTHOR]

Copyright of Contaduría y Administración is the property of Facultad de Contaduria y Administracion-Universidad Nacional Autonoma de Mexico and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

In this article on Victoria (Vicky) Chick (1936–2023), we intend to cover the main research areas into which Chick devoted her life's work. We categorise the contributions into three broad fields. First, her work on Keynes's General Theory and the message that economists have taken from it since its publication. Chick wrote extensively on the many misinterpretations of the General Theory that have clouded its message. Instead, through her writings, she offered an alternative perspective and interpretative line that became central to the post-Keynesian school of thought. Second, her work on Keynes gave her the starting point for her novel understanding on the monetary nature of the economy and was the inspiration in the development of the banking stages of history approach that shows the evolutionary nature of banking theory and practice. Finally, the way in which The General Theory built its argument and the misinterpretation that many mainstream economists took from it led Chick to develop her methodological approach on open and closed systems of analysis and the importance of developing judgement as part of teaching in economics. [ABSTRACT FROM AUTHOR]

Purpose: The purpose of this study is to assess the extent to which the nexus between foreign bank presence (FBP) and inclusive growth is being impacted by the financial development. Design/methodology/approach: The study used a two-stage system generalized method of moment (GMM), using 28 African countries from the period 2000 to 2018. Findings: The study found a positive effect of FBP on inclusive growth. While financial development magnifies the positive effect of FBP, inclusive growth nexus, it has a direct effect on inclusive growth. Practical implications: For Africa to ascertain the positive effect of FBP on inclusive growth, financial system must be developed to reduce the cream-skim behavior of foreign banks. Originality/value: This paper assess the extent to which developing economy's developed financial system form synergies with FBP to further enhance the inclusiveness of growth. [ABSTRACT FROM AUTHOR]

This paper aimed to highlight developments in the banking sector and to assess the status, trends and determinants of financial inclusion in Ethiopia. The study used data from the World Bank Findex Database, Commercial Bank of Ethiopia, Development Bank of Ethiopia and National Bank of Ethiopia annual reports. The Ethiopian banking sector, once dominated by public banks before the reform, showed a new era following the 1994 reform. The reform paved the way for the licensing of some private commercial banks. As a result, the market share of public banks declined significantly after the reform and vice versa for private banks. The level of financial inclusiveness in Ethiopia is extremely low even though the government has given a policy priority since 2016 onwards. Gender, age, education, financial literacy, residence, income, religion, preferring formal financial services, distance, GDP and trust in financial service providers were found to be the main financial inclusion determinants. Given that financial inclusion has been greatly improved after the financial reform, the government has to unlock the banking sector to foreign investors as it will further enhance the level of financial inclusiveness. Banks should also provide innovative financial products to customers. [ABSTRACT FROM AUTHOR]

This research investigates the determinants of financial performance in Primary Cooperative Agriculture Development Banks operating in Punjab, India. By analysing the impact of Capital Adequacy, Asset Quality, Management Efficiency, Earnings, and Liquidity on Return on Assets (ROA), the study aims to offer insights into enhancing financial health and regional economic growth. Using a panel regression model, financial data from multiple periods and banks are analysed. Key findings indicate that maintaining adequate capital positively influences ROA, while prudent lending practices are crucial for asset quality maintenance. Efficient management enhances ROA, and higher earnings and effective asset use contribute to profitability. While liquidity management's impact is limited, its role in meeting short-term obligations remains significant. This study provides actionable insights for banks and policymakers, emphasising capital reserves, prudent lending, operational efficiency, and asset utilisation. Effective liquidity management remains important. This research contributes uniquely to understanding financial determinants in cooperative banks, guiding decision-making, policy formulation, and promoting agricultural development and economic growth. [ABSTRACT FROM AUTHOR]

The growth in the welfare of citizens of countries with a predominantly Muslim population and the increase in free resources in the countries of the Middle East have formed trends towards the development of Islamic banking. Islamic banking is an integral part of the economy of many countries around the world and is actively developing, including in Russia. The active growth of transaction volumes in this sector of the economy increases every year, which confirms the relevance of the research. The article discusses the prospects for the development of Islamic banking in Russia and its features. [ABSTRACT FROM AUTHOR]

In the 17-18th century, during the process of civil transformations, starting from the economic policy based on the era of absolutism, the first central bank regulations appeared in Europe. Mainly the disorganization and crisis of public finances and the need to finance various wars led governments to establish central banks and to provide central banking functions to privately owned banks. The most important issues included the regulation of banknote issuance and legal tender, the management of state funds, the financing of the state debt, as well as the relationship with the state, in other words, the content of central bank independence. Each country followed different paths, and accordingly, the classic and the Prussian models of central bank development can be described based on the different legislative steps. The study presents the main characteristics through the English, German, French, American and Hungarian examples, primarily by characterizing the legislative peculiarities and illuminating the political historical background by applying the methods of comparative law. [ABSTRACT FROM AUTHOR]

If the world is to achieve an energy transition to address climate change, global finance must shift rapidly away from fossil fuels and toward clean energy. Despite the prominence of global finance in International Political Economy (IPE), it is striking that one of the key institutions – export credit agencies (ECAs) – that provide a significantly larger volume of public investment in fossil fuels than multilateral financial institutions, such as the World Bank, has been largely overlooked in the literature. In this commentary, we argue that IPE scholars are well placed to lead research on the role of ECAs in the energy transition. Specifically, we consider ECA behaviour, such as lending decisions, to be the outcome of interest, and propose three possible sets of factors that are likely to shape ECA lending: Namely, domestic political economy factors, climate governance and international security. In doing so, we set out a research agenda for IPE in relation to ECAs by laying out a series of research questions and linking them to adjacent streams in the literature. This largely unexplored research agenda has great potential to expand not only our understanding of ECAs in IPE, but also the shape of the energy transition in the 21st century. [ABSTRACT FROM AUTHOR]

Copyright of Global Journal of Economics & Business is the property of Refaad for Studies, Research & Development and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Journal of Economics & Administrative Sciences is the property of Republic of Iraq Ministry of Higher Education & Scientific Research (MOHESR) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Nachhaltigkeitsrecht is the property of Verlag Oesterreich GmbH and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The rapid expansion in recent fintech innovations has garnered researchers' attention to evaluate its influence on the banking industry. In this quest, the current study conducts an interaction analysis to measure the impact of the fintech era on Indian banking stability. S imilarly t o p revious s tudies, w e u se a regression analysis and a Pearson correlation on the transition period of the fintech era to measure the impact of explanatory variables on the outcome variables of the Indian banking industry. Furthermore, as a robustness test, we have also used the Generalised Method of Moments system approach. This enabled us to make comparisons with similar studies. Using annual data from 1995 to 2021, the study reveals that, compared to the first fintech era, the second era assisted in reducing NPLs and enhancing financial stability in India. The study concludes that during the second wave of the fintech revolution, through interaction analysis, explanatory variables positively influence banking stability and NPLs. The current study contributes toward understanding the significance of fintech development from the context of an emerging country. It also helps to interpret the importance of disruptive forces of fintech development in the banking industry. [ABSTRACT FROM AUTHOR]

We consider a functional linear regression model with functional predictor and scalar response. For this model, a procedure to test the slope function based on projecting the slope function onto an arbitrary L 2 basis has been introduced in the literature. We propose its bootstrap counterpart for testing the slope function, and obtain the asymptotic null distributions of the tests statistics and the asymptotic powers of the tests. Finally, we conduct a simulation study to evaluate the accuracy of the two tests procedures. As a practical illustration, we use the Export Development Bank of Iran dataset, and test the nullity of the slope function of a model predicting total annual noncurrent balance of facilities based on current balance of facilities. [ABSTRACT FROM AUTHOR]

ABSTRACT This paper aimed to analyse the role of the BNDES in promoting the ‘green economy’ in Brazil over the past decade. We defend that, as a development bank, BNDES is an essential player in encouraging investments that are low-emission, environmentally sustainable, and climate-change resilient. The paper is organized as follows. After the introduction, section 2 delves into the role to be played by development banks in promoting environmentally sustainable, low GHG emission economies. Section 3 analyses the BNDES’ disbursements in the green economy between 2010 and 2021. Section 4 highlights the mobilization of BNDES resources for the green economy, including the management of environmental and climate funds, as well as the issuance of green and sustainable bonds. Finally, concluding remarks are presented.