Recent Development and Challenges in the Banking and Financial Sector: Toward a More Sustainable Financial System

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Banking and Finance".

Deadline for manuscript submissions: 31 May 2025 | Viewed by 2146

Special Issue Editor

Centre d'Études et de Recherche en Gestion (CERGAM), Institut d'Administration des Entreprises (IAE), Université d'Aix-Marseille AMU, Marseille, France
Interests: economics of banking and finance; energy economics; emerging market economies; macro-econometrics; financial stability; fintech and payment systems
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

In the last two decades, the banking and financial sectors have experienced multiple crises. The global financial crisis had devastating effects on the global financial system, followed by the European debt crisis, which threatened the existence of the single currency, and finally, the COVID-19 pandemic impeded the functioning of the banking and financial sectors and the global economy as a whole. The literature on banking and other crises is abundant, but little has been said so far about the implications of the above-mentioned issues on the financial sector.

Against this background, the submissions must address both the theoretical and practical implications of the findings in relation to development economics and sustainability.

The main topics of the Special Issue include, but are not limited to:

  • Macroeconomic uncertainty;
  • Financial market and uncertainty;
  • Financial crisis;
  • International trade and political tensions;
  • Banking and Finance after COVID-19 pandemic;
  • Sustainable finance;
  • Green finance;
  • The economics of fintech;
  • Financial inclusion and financial technology;
  • Cryptocurrency and cybersecurity risk;
  • Monetary economics;
  • Institutional economics;
  • Quantitative finance;
  • SME finance;
  • Bank–enterprise relationship;
  • Monetary integration and financial stability;
  • Profitability, stability, competition, and performance;
  • Market structure;
  • Nonbank financial institutions;
  • Remittances and other financial flows.

All manuscripts should be formatted according to the Journal of Risk and Financial Management Instructions for Authors.

We look forward to receiving your contributions.

Dr. Helmi Hamdi
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • banking and financial crisis
  • sustainable finance
  • green finance
  • fintech
  • financial inclusion
  • financial stability

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Published Papers (1 paper)

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Review

17 pages, 2409 KiB  
Review
Higher Education Loan Schemes Across the Globe: A Systematic Review on the Utility Derived and Burden Associated with Educational Debt
by Daniel Frank, Rakshith Bhandary and Sudhir K. Prabhu
J. Risk Financial Manag. 2024, 17(12), 566; https://doi.org/10.3390/jrfm17120566 - 18 Dec 2024
Viewed by 1681
Abstract
Education is considered an investment in human capital that is gained at the cost of knowledge acquisition. This cost is borne by the beneficiary along with subsidy provided by the government, if any, that is mainly collected through tax revenues. This article aims [...] Read more.
Education is considered an investment in human capital that is gained at the cost of knowledge acquisition. This cost is borne by the beneficiary along with subsidy provided by the government, if any, that is mainly collected through tax revenues. This article aims to systematically review the utility derived and the burden experienced with educational debt borrowers across the globe as per the three types of educational loan schemes present across the globe. This study follows the PRISMA guidelines for review selection, and 47 articles published between 1994 and 2024 were included for the final review. The study results reveal that education improves the quality of life; an educational debt servicing to income ratio above 8% is considered as a financial burden. Also, the results reveal that material benefits are high after education along with an increase in the psychological burden because of repayment concerns. This study highlights the need to move towards designing a flexible repayment system in the education loan scheme based on the income contingent schemes adopted in many countries. Income contingent schemes reduce the repayment burden of the borrowers but the return to the lender is limited to the income of the borrower, and mortgage-based schemes are associated with high repayment burden. Therefore, a dynamic scheme will fix the problems associated with the repayment burden by creating a dynamic link between the benefits received and the contributions made by the borrower. Full article
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