Global Financial Research Articles

Home-based care practices on prevention of malaria in children under 5 years: A narrative review.

Malaria is a major threat to lives in developing countries, especially in Africa. A lot of measures have been tried to curb the increased mortality and morbidity associated with malaria. A lot of resources have been channeled to control the devastating effects of malaria in these parts of the world. The aim of this paper is to discuss home-based care practices on prevention of malaria in children under 5 years. By cutting back on bushes and upholding good hygiene and sanitation, malaria in young children can be prevented in homes. This lessens disease and transmission while also assisting in death prevention and disease reduction. In Africa, Uganda is the third most affected country by malaria, which is a major cause of high morbidity and mortality in young children and pregnant women. This has forced the Government of Uganda and implementing partners, including the Global Fund and the Roll Back Malaria initiative, to redouble efforts to increase the use of insecticide-treated mosquito nets. Effective use of insecticide-treated bed nets is necessary to eliminate the above serious sequelae in children under 5 years old. Households and especially caregivers apply the use of impregnated mosquito nets and cleaning of surrounding bushes. According to research results, the use of indoor residual spray nets and insecticide-impregnated nets has significantly contributed to the prevention of malaria in children.

Cryptocurrency: A new player or a new crisis in financial markets? —— Evolutionary analysis of association and risk spillover based on network science

In recent years, cryptocurrency has attracted widespread research attention. Against the backdrop of financial globalization, the high volatility of cryptocurrency prices may pose a threat to the stability of the entire financial system. To explore the potential association and transmission of financial risks between cryptocurrency and traditional financial assets, this paper constructs a complex network using the Granger causality method and the DY spillover method. Based on data from 24 categories of assets or index returns from different markets, networks of association and risk spillover between cryptocurrency market and traditional financial markets are established under different time periods, the study covers the period from January 2015 to November 2023. Analyzing the mutual influence between cryptocurrency and traditional financial markets from the perspective of complex networks, and evaluating the market positioning, risk characteristics, and investment potential of cryptocurrency. Research findings indicate that cryptocurrency possesses not only monetary characteristics but also functions as an investment tool, significantly impacting the stability of traditional financial markets. Furthermore, different types of cryptocurrencies vary in market functions, risk characteristics, and investment potentials. Future research could further explore the nonlinear and dynamic associations between cryptocurrency and traditional financial markets, as well as the micro mechanisms and behavioral factors within cryptocurrency markets.

Theory of change for addressing sex and gender bias, invisibility and exclusion in Australian health and medical research, policy and practice

Sex and gender are inadequately considered in health and medical research, policy and practice, leading to preventable disparities in health and wellbeing. Several global institutions, journals, and funding bodies have developed policies and guidelines to improve the inclusion of diverse participants and consideration of sex and gender in research design and reporting and the delivery of clinical care. However, according to recent evaluations, these policies have had limited impact on the inclusion of diverse research participants, adequate reporting of sex and gender data and reducing preventable inequities in access to, and quality provision of, healthcare. In Australia, the Sex and Gender Policies in Medical Research (SGPMR) project aims to address sex and gender bias in health and medical research by (i) examining how sex and gender are currently considered in Australian research policy and practice; (ii) working with stakeholders to develop policy interventions; and (iii) understanding the wider impacts, including economic, of improved sex and gender consideration in Australian health and medical research. In this paper we describe the development of a theory of change (ToC) for the SGPMR project. The ToC evolved from a two-stage process consisting of key stakeholder interviews and a consultation event. The ToC aims to identify the pathways to impact from improved consideration of sex and gender in health and medical research, policy and practice, and highlight how key activities and policy levers can lead to improvements in clinical practice and health outcomes. In describing the development of the ToC, we present an entirely novel framework for outlining how sex and gender can be appropriately considered within the confines of health and medical research, policy and practice.

Literature Review on Islamic Monetary Policy: Theory, Implementation and Impact

Study This study about policy Islamic monetary , which includes base theoretical , implementation in various countries, as well its impact and effectiveness . Policy Islamic monetary , which is based on principles sharia like prohibition usury , emphasis on sectors real , and principle for result , aim For create stability economy and justice socio-economic . The implementation varies in different countries, with some countries implement it system Islamic finance​ full and others using a hybrid model. Research methods used​ is review literature , which involves collection , analysis , and synthesis various source secondary like books , articles journals , and reports relevant research .​ Research result show that policy effective Islamic monetary in control inflation , pushing growth sustainable economy , and improve stability finance . However , challenges still There is in matter standardization practice between countries and integration with system global finance . This study emphasize importance innovation instrument finance sharia and improvement Work The same international For increase effectiveness policy Islamic monetary future .

Financial Globalization and Vulnerabilities:

This paper examines and measures the state of external financial openness and financial integration of Bangladesh and the impact of external policy changes and financial integration on the economic growth of Bangladesh. This study also focuses on the experiencesof crisis affected economies for identifying vulnerabilities of reforming Bangladesh under free capital mobility in near future.

Investigating the complex landscape of climate finance in least developed countries (LDCs)

This study aimed to investigate the complex landscape of climate finance, assessing the adequacy, predictability, and implications for sustainable development in least developed countries (LDCs). This study is motivated by the pressing need to assess the adequacy, predictability, and implications of climate finance for sustainable development in least developed countries (LDCs). Employing an econometric framework, this study utilizes ARIMA models to analyze time series data (from 2000 to 2021) on climate finance. The analysis revealed a notable gap between the needed and actual climate funding received by LDCs. Despite an annual requirement of $93.7 billion according to the UK-based International Institute for Environment and Development (IIED), LDCs have only received an average of $14.8 billion annually since 2015. The study suggests that climate funding for LDCs lacks predictability and falls short in meeting their needs, potentially facing an 80% decrease by 2030 under certain scenarios. It advocates for a strategic revamp in climate finance mechanisms to ensure adequacy and predictability, urging policymakers and international funding bodies to adopt more robust, fair, and needs-based approaches to climate financing. This research emphasizes the responsibility of developed nations and global agencies in bridging the considerable funding gap faced by LDCs. By integrating advanced forecasting techniques with a comprehensive analysis of global economic and political factors, this study sheds light on the challenges LDCs encounter in securing stable and sufficient climate finance, stressing the urgency for systemic reforms in global climate finance policies.

Digital Healthcare Innovations and Idea Management

The aim of the paper is to analyse the global demand development and funding of digital healthcare innovations and also characterise idea management trends in the digital healthcare context. Web-based idea management systems (IMS) fall in line with the growing importance of information communication technologies, the spread of open innovation and co-innovation, etc. Especially systems, which are based on the Internet during COVID-19 have become important tools in all sectors. Plus, over the last few years the changes related to digital healthcare have taken place and now in this context the questions have been raised. How could they be linked with a web-based IMS? What are digital healthcare innovation demands and funding trends? The changes in search habits for health information over the last three years have become statistically significant. The growth of funding volumes has followed these changes because both digital health care and digital therapeutics have increased much faster during pandemic times than before. The growth in 2020 compared to 2019 reached 53.9%, but in 2021 compared to 2020 it even accounted 74.7%. The Asian region and Europe have also seen a sharp increase in the leverage over the past two years, but pre-pandemic levels were significantly lower than in the United States. Average annual volumes of investments in digital health have increased by about 4.2 Bn$ per year in the USA, by about 1.2 Bn$ per year in Asia, by about 0.83 Bn$ per year in Europe and by about 0.15 Bn$ per year in other regions. Such demand and funding could boost new innovations in healthcare with web-based idea management systems by internal, external, and mixed approaches in organisations with active and passive IMS. Plus, IMS could become a tool to create innovations in product or organisational innovation.

Accounting curricula and climate-related sustainability: evidence from Australia and New Zealand universities

ABSTRACT To address climate-related sustainability risks, the global financial system has implemented standards that require entities to disclose information in their financial statements regarding governance processes, controls, and strategies for managing climate-related risks and opportunities. As a result, accountants require knowledge and skills for recording, reporting, measuring and advising on these matters. In response, our study investigates the extent to which climate-related sustainability topics are evident in accounting curricula at 42 Australian and New Zealand universities. Following data collection between November 2022 and April 2023, using contextual thematic analysis, we analyze 1520 subjects and their 7590 intended learning outcomes (ILOs) from 42 undergraduate and 40 postgraduate accounting courses. Findings show that climate-related sustainability is referenced in only 232 subjects and 355 ILOs. As such, since most subjects have only one ILO related to climate-related sustainability, the topic would seem to typically be addressed through adaptations to existing subjects. Further, given the significant number of universities with ≤4 subjects that make reference to climate-related sustainability topics, together with a focus on skills being evident in only 91 ILOs, our findings suggest that much remains to be done to develop accountants’ requisite knowledge and skills.

Retraction Note: Asymmetric nexus among financial globalization, non-renewable energy, renewable energy use, economic growth, and carbon emissions: impact on environmental sustainability targets in India.

Retraction Note: Asymmetric nexus among financial globalization, non-renewable energy, renewable energy use, economic growth, and carbon emissions: impact on environmental sustainability targets in India.

Who gets the flow? Financial globalisation and wealth inequality

This paper studies whether the advent of financial globalisation has contributed to increasing wealth inequality in the United States, France, and the United Kingdom. I find that (i) positive changes in the benchmark measure of financial globalisation are associated with a positive change in the top 1% and 10% wealth shares and a negative change in the wealth share of the bottom 50% of the distribution. This is equivalent to an average gain of $1 trillion for the top 10% and $1.6 trillion for the top 1%, over the period of interest. (ii) Portfolio equities and financial derivatives appear to be the driving components behind the increase in wealth shares. (iii) The implied change in wealth shares is driven by the accumulation of new financial wealth (flow) rather than the valuation of existing one. (iv) The dynamic is strengthened when a banking crisis hits the economy, possibly because people at the top of the distribution can recover their lost wealth faster than people at the bottom. The main finding is robust to an expanded country sample, albeit reducing the historical context beyond the scope of this paper.

Shape-shifters, chameleons and recognitional politics: The asset management industry and financial regulation

The asset management industry is becoming a systemic feature of global finance, yet has evaded regulators’ efforts to designate its largest firms as systemically important institutions. How has this been achieved? We use as our example BlackRock’s running commentary on the evolving plans of both prudential (banking) and securities (market) regulators in the period from 2008 to 2018. We show how asset managers engaged in successful recognitional politics, based on a decade-long struggle to influence how they were seen across the regulatory divide. James C. Scott’s most recent thoughts on legibility codes provide us with our conceptual language of shape-shifters and chameleons. Two distinct strategies were simultaneously in play. As a shape-shifter, BlackRock repeatedly changed form in its self-presentation to prudential regulators concerned with systemic risk, so they could not be certain what they were looking at. As a chameleon, it invited securities regulators to maintain their authority over the asset management industry, so it could increasingly blend into the supposedly safe category of market-based finance.

Community contexts and knowledge: accountability, leadership and meaningful involvement of communities in Programme Science.

A Programme Science approach that prioritizes populations who will benefit most and ensuring resources are allocated to programmes that meet the needs of those populations will bring an equity focus to research. Gay men and other men who have sex with men, people who use drugs, sex workers of all genders, and trans and gender-diverse people, defined by the Joint United Nations Programme on HIV/AIDS (UNAIDS) and The Global Fund to Fight AIDS, Tuberculosis and Malaria (Global Fund) as key populations, have been disproportionately impacted since the start of the HIV pandemic. Through documenting community experiences from global key population-led networks, the authors explore the potential value and impact of community-led organizations and service delivery as critical components in effective HIV and Sexually Transmitted infections (STI) programmes. Through advocacy and research interventions, global key population networks have identified barriers against scaling up interventions for criminalized and marginalized communities, as well as highlighted solutions. The authors examine some of the current barriers to meaningful involvement of communities and the scaling up of community-led programmes that need to be addressed if Programme Science is to maintain an equity lens and the needs of key populations are to be met and highlight the need to make visible community engagement and participation in embedded research and Programme Science. The Programme Science approach provides an important opportunity to understand practical issues that will increase effective coverage in the implementation of public health and other interventions, which will require the prioritizing of key populations and their priorities in HIV and STI programmes. It will require extensive time and work to build relationships, increase capacity and share power. Where this has already happened, it has resulted in positive outcomes, including better health outcomes, reduced stigma, increased agency for key populations, and built community-led organizations and responses.

Dinar Dirham: Restoration of Shariah Currency Values for Indonesia Economic Prosperity

This study aims to investigate the restoration of Shariah currency values through the implementation of Dinar Dirham for fostering economic prosperity in Indonesia. Employing a mixed-method approach, the research combines qualitative and quantitative methodologies. Qualitative data is collected through literature review and expert interviews to understand the historical significance and contemporary relevance of Dinar Dirham in Islamic economics. Quantitative data is gathered through surveys and financial analysis to assess the potential impact of reintroducing Dinar Dirham on Indonesia's economic landscape. The collected data is analyzed using thematic analysis for qualitative data and statistical techniques for quantitative data. The research results indicate significant interest among stakeholders in reintroducing Dinar Dirham as a means to stabilize the economy and uphold Islamic principles in financial transactions. Qualitative data analysis reveals the strong historical and contemporary relevance of Dinar Dirham in Islamic economics, while quantitative data suggests the potential for increased economic stability through the reintroduction of this currency. The implications of this study suggest that reintroducing Dinar Dirham can enhance economic stability, promote ethical financial practices, and strengthen Indonesia's position in the global Islamic finance industry.

China’s Influence on Global Development Finance: Disrupting Traditional Institutions

China’s Influence on Global Development Finance: Disrupting Traditional Institutions

Evaluating the responsiveness of Caribbean stock markets – The case of COVID-19

The Caribbean stock markets have been largely ignored by scholars, partly due to the conventional view of a weak and inefficient system, and low integration to the world financial system. This paper examines the major announcements related to COVID-19 as exogenous shocks and their impacts on stock market returns in the two most developed stock markets in the Caribbean region. Using the standard event methodology and a dynamic difference in differences model, we confirm a significant decline in stock returns in response to negative announcements of COVID-19-related news. Other positive news such as the announcements of re-opening of the economy and vaccine had a positive impact on stock returns. The Jamaica stock markets are likely to be weakly efficient and exhibit low responsiveness to major COVID-19-related events and news. Most sectors in the Caribbean economy experienced significant losses to stock returns resulting from these shocks. The banking, conglomerates, and property sectors continued to be subdued in the face of continued uncertainty and unpredictability of the overall impact of COVID-19. The energy and communication sectors seemed to be either the most resilient or most asymmetrically informed sectors as they are found not to be affected by COVID-19-related announcements. The manufacturing, property, and non-banking sectors are found to recover quickly from the shocks. Our analysis provides further insight in terms of portfolio investment strategies in the Caribbean region.

Securing Your Eggs in Multiple Baskets — Assuring a Resilient and Secure Supply Chain

AbstractThe global supply chain is a complex system of systems made up of and relying on other complex systems of systems (SoS) to achieve its goals. To take a typical example, Enterprise A is supplied essential parts on a regular basis to manufacture its products. To place the order requires global financial systems, integrated email systems, the internet, multiple telecommunications systems, and supply software provided by large companies. To deliver the parts may require air and maritime transportation systems, the rail network, interstate highway systems, road haulage companies, state and local transportation systems and so forth. When any of these complex systems fail, the impact can be global, and the results catastrophic. Recent examples include the shortage of Personal Protective Equipment (PPE) during the COVID pandemic, computer chip shortages delaying the assembly and sales of cars, and, most recently, the baby formula shortage. These were due to disruptions in the supply chain caused by an overreliance on single sourced suppliers who failed to deliver, transportation disruptions, outsourcing of critical parts, supplies, medicines to distant countries, and/or an overreliance on “Just In Time” for inventory management. This is the case of placing too many eggs in too few baskets, and often just one basket. Counterfeit or substandard parts and products can enter the supply chain via graft, breaks in chain of custody, or carelessness. This has included critical mechanical parts on aircraft, chips containing spyware, and substandard or out of date medicines substituted for the real thing resulting in serious illness and death. This complex SoS needs to be examined, studied, and understood in the same way as a mission critical system; threats, vulnerabilities, and risks need to be identified and mitigated and assurance cases defined to ensure a solid and reliable supply chain. This paper will look at the supply chain of an example factory system to determine how some of these problems can be predicted, prevented, mitigated, and solved using the UAF, RAAML and assurance case techniques.

An implementation evaluation of the Breaking Down human rights barriers to HIV services initiative in Ukraine.

Globally, stark inequities exist in access to HIV treatment and prevention. The eastern European and central Asian region is experiencing the sharpest rise in new HIV acquisition and deaths in the world, with low rates of treatment and prevention services, especially for key and vulnerable populations who face a range of human rights-related barriers to HIV prevention and treatment. An implementation learning evaluation approach was used to examine the implementation of the Breaking Down Barriers initiative targeting key and vulnerable populations in Ukraine. Between September 2022 and April 2023, researchers conducted 23 key informant interviews with individuals from the Ukrainian government, implementing organizations and human rights experts. Using a concurrent triangulation design, researchers and key informants, in a process of co-creation, sought to describe programme accomplishments, challenges and innovations in implementation, between 2021 and 2023, including periods before and after Russia's February 2022 full-scale invasion. Eight rights-based interventions related to HIV were identified in Global Fund programme documents and key informant interviews as making up the core of the Breaking Down Barriers initiative in Ukraine. These included programmes seeking to: eliminate stigma and discrimination; ensure the non-discriminatory provision of medical care; promote rights-based law enforcement practices; expand legal literacy ("know your rights"); increase access to justice; improve laws, regulations and policies; reduce gender discrimination, harmful gender norms and violence against women and girls; and mobilize communities for advocacy. These programmes received US$5.9 million in funding. Key informants reported that significant progress had been made addressing human rights barriers and scaling up interventions, both before and after Russia's invasion. Programme implementors adopted innovative approaches, including using paralegals, hotlines and other community-led interventions, to ensure that key and vulnerable populations, including displaced individuals, were able to access prevention and care. An implementation learning evaluation approach examining programmes addressing human rights barriers to HIV services, designed as a process of co-creation between researchers, programme implementors, government officials and human rights experts, can provide a robust assessment of programme outputs, outcomes and evidence of impact, despite a challenging operational environment.

DIGITALLY DRIVEN MODEL OF A CLIMATE-NEUTRAL ECONOMY IN TERMS OF GLOBAL FINANCIAL CAPACITY

The article explores the conditions and drivers for the development of a climate-neutral economy model, emphasizing the pivotal role of digital transformation. A crucial lever in deploying this model is the proactive engagement of international financial entities within the realm of global green financing. The study highlights the instrumental role of green funds as key players in shaping global financial capacity and providing multilateral support for climate change adaptation worldwide. It delves into the overarching frameworks and mechanisms of such assistance. Employing a systematic analysis alongside case studies of the Green Climate Fund's projects, the authors aim to identify the most impactful sectors for cultivating a climate-neutral economy. The research identifies four essential segments for achieving climate neutrality: digitalization for climate, strengthening the financial capacity and business sustainability, rethinking ecosystem development, and community empowerment. The investigation draws on extensive data regarding the execution of 240 climate projects across major beneficiaries of climate finance in Eastern Europe, Africa, the Asia-Pacific, and Latin America. It shows that modern climate finance demonstrates signs of geopolitical dependency and polarization in global influence. The findings argue for bolstering the regional presence of climate funds to increase the financial capacity to implement climate-neutral projects at the local level. The article underscores the scale of financial support required across each segment, as well as the leading role of pre-project preparation. The authors substantiate the overarching and twofold role of digitalization in the model of a climate-neutral economy. The digital transformation produces a whole cluster of independent and versatile IT products for green businesses, industries and governance. On the other hand, digitalization creates an informational environment and a powerful digital infrastructure for better efficacy of other crucial segments. Specifically, it provides digital decisions for financial solvency and sustainability of green businesses in terms of green lending, grants and Fintech; strengthens information awareness and involvement of vulnerable communities in green economy processes; promotes digital support for overall ecosystem adaptation.

Islamic Banking and Finance: A Systematic Literature Review And Bibliometric Analysis

Purpose: Islamic Banking and Finance (IBF) is one of the key areas of the global financial system, providing an alternative to conventional banking based on the principles of Sharia. This systematic literature review and bibliometric analysis attempt to offer a broad overview of the latest developments and trends in the research of the IBF. Design/Methodology/Approach: By employing a PRISMA approach, this study conducted an extensive review of academic publications and identified the main themes, influential authors, and emerging trends. Findings: The results indicate a dynamic research environment with interdisciplinary approaches and a strengthening desire for sustainability and ethical finance. In addition, the bibliometric analysis focuses on the geographical distribution of research outputs, collaboration patterns and citation networks, which provides important information about the intellectual structure of IBF. Implications/Originality/Value: This research adds insight into the academic development of IBF, suggesting future research directions and policy-making regarding IBF development in the financial sector.

Investigation Of Studies In Risk Management And Banking Sector With Bibliometric Analysis

Banks are fundamental institutions in both national and global financial systems. Also, banks have extensive implications on the rest of the economy. Therefore, risk management in the banking sector is a highly significant process. When making a search with the keywords “risk management” and “banking sector” in the Web of Science database, a total of 377 articles are identified between the years 2004 and 2024. The annual publication counts in the last five years are as follows: 41 publications in 2020, 27 publications in 2021, 33 publications in 2022, 37 publications in 2023, and 7 publications in 2024. In the subject, China has the highest number of publications with 30 studies. Following them, India has 25 articles, while England and USA have 24 articles each. Turkey ranks nineth with 16 articles. The articles are published in the branches of science which are economics (122), business finance (121), management (61), business (58) et al. However, the keyword analysis reveals that the most frequently used keywords are “risk management”, “banking sector”, “credit risk”, “banks”, “banking” and “risk”.