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Economies, Volume 13, Issue 1

January 2025 - 21 articles

Cover Story: This paper advocates a paradigm shift for peripheral economies from traditional models reliant on foreign reserves to a development strategy grounded in modern monetary theory (MMT). It proposes a job guarantee (JG) policy that acts as an automatic stabilizer for sustainable growth. Critiquing conventional external reserve accumulation, the study highlights MMT’s emphasis on monetary sovereignty, flexible exchange rates, low interest rates, and capital controls. Through a systematic literature review, it explores MMT’s potential to reduce dependency on foreign currencies, prioritize full employment, mobilize domestic resources, and foster structural transformations. Despite challenges, the approach offers a more equitable, stable, and autonomous development path for peripheral economies. View this paper
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Articles (21)

  • Article
  • Open Access
2 Citations
4,016 Views
17 Pages

The rise of cryptocurrencies over the past decade has promised to challenge the dominance of fiat money systems and reshape monetary policy. However, recent developments, including market volatility and the collapse of key exchanges like FTX, have er...

  • Article
  • Open Access
1 Citations
3,620 Views
19 Pages

Does Investor Sentiment Influence South African ETF Flows During Different Market Conditions?

  • Paidamoyo Aurleen Shenjere,
  • Sune Ferreira-Schenk and
  • Fabian Moodley

The exponential growth in popularity of ETFs over the last three decades has solidified ETFs as an essential component of many investors’ portfolios. Investor sentiment is one of the factors that influence market returns of ETFs during times of...

  • Article
  • Open Access
3,290 Views
20 Pages

This paper explores a development strategy for peripheral economies by advocating for a paradigm shift from traditional economic models that rely on accumulating foreign reserves. It proposes the job guarantee (JG) policy, an automatic stabilizer bas...

  • Article
  • Open Access
2,738 Views
16 Pages

The goal of this study is to look into the dynamic relationship between stock prices, foreign portfolio investment, and financial development in the South African economy. Federal Reserve Economic Data (FRED) provided quarterly time series data from...

  • Article
  • Open Access
12 Citations
4,519 Views
23 Pages

Food Insecurity and Coping Strategies in War-Affected Urban Settings of Tigray, Ethiopia

  • Hafte Gebreselassie Gebrihet,
  • Yibrah Hagos Gebresilassie and
  • Mekonen Aregai Gebreselassie

Armed conflict remains a significant global issue, with several studies highlighting its detrimental impact on the affected communities, making it a critical area of research. This study aimed to examine the effects of prolonged armed conflict on foo...

  • Article
  • Open Access
1 Citations
9,927 Views
28 Pages

31 December 2024

Forecasting stock markets is challenging due to the influence of various internal and external factors compounded by the effects of globalization. This study introduces a data-driven approach to forecast S&P 500 returns by incorporating macroecon...

  • Article
  • Open Access
6,900 Views
30 Pages

31 December 2024

Employment stability is crucial to social harmony and individual well-being. This study empirically analyzes whether the succession plan adopted by a family business can achieve the goal of stable employment and explores potential mechanisms at the i...

  • Article
  • Open Access
3 Citations
3,352 Views
22 Pages

31 December 2024

Income is often viewed as the main determinant of life insurance demand. However, in the last two decades, the world’s life insurance penetration has continued to decrease even as income grows. This study investigates the relationship between i...

  • Article
  • Open Access
2,907 Views
30 Pages

Approaches to Prognosing the European Economic Crisis Through a New Economic–Financial Risk Sensitivity Model

  • Monica Laura Zlati,
  • Costinela Fortea,
  • Alina Meca and
  • Valentin Marian Antohi

31 December 2024

This paper presents a novel approach to prognosing European economic crises through the development of an economic–financial risk sensitivity model. The model integrates key macroeconomic indicators such as government deficit (NETGDP), GINI coe...

  • Article
  • Open Access
2,775 Views
23 Pages

28 December 2024

This study aims to quantify the extent to which poor households receiving cash support from the Vision Umurenge Programme (VUP) allocate their income across major spending categories, mainly consumption, savings, household-level investment, and cash...

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Economies - ISSN 2227-7099