Search Results (12)

The endogenous money creation paradigm posits that banks generate money through lending, with deposits serving as a byproduct. This study investigates the mechanism driving the “credit–deposit paradox” during Poland’s high-interest-rate environment, introducing innovative methodological approaches to quantify systemic monetary impairment. Using comprehensive monthly data from 2006 to 2024, we employ a mixed-methods framework featuring: (1) Bayesian vector autoregression with Minnesota priors to test dynamic interdependencies; (2) a novel money shortage indicator (MSI) that operationalizes credit–deposit decoupling through three theoretically grounded components; (3) Markov regime-switching analysis to identify persistent monetary stress regimes. Key findings reveal a structural decoupling between deposit growth and credit creation, with robust evidence that exogenous money inflows accumulate as idle deposits rather than stimulating lending. The economy experienced significant periods of money shortage conditions, with the most severe impairment occurring during recent high-stress periods. The analysis confirms the dominance of cost-push inflation from energy and food prices, while monetary factors played a limited role. High interest rates amplified credit demand suppression, creating conditions consistent with endogenous money creation disruption. Methodologically, this study enables three key advances: (1) systematic measurement of monetary transmission breakdowns; (2) empirical identification of structural factors disrupting credit–deposit dynamics; (3) temporal characterization of monetary stress persistence patterns. These contributions advance the endogenous money framework by demonstrating its vulnerability to behavioral, policy-induced, and exogenous disruptions during high-stress periods. Practically, the MSI offers policymakers a real-time diagnostic tool for identifying monetary transmission breakdowns, while the regime analysis informs targeted countercyclical measures. Specific policy recommendations include developing sector-specific liquidity facilities, coordinating fiscal transfers with monetary policy to prevent deposit–loan decoupling, and prioritizing supply-side interventions during cost-push inflation episodes. By integrating post-Keynesian theory with empirical evidence from Poland, this study contributes to understanding money creation mechanisms in highly stressed economic environments. Full article

This study examines the combined impact of fintech and financial inclusion on achieving the United Nations’ Sustainable Development Goals (SDGs). Previous research has emphasized the role of financial inclusion in reducing poverty, strengthening resilience, and promoting economic stability; however, its interaction with fintech in advancing sustainability remains less examined. Using four composite indices incorporating updated variables, expanded country coverage, and a broader temporal scope, this analysis evaluates digital financial channels, including formal access, mobile money, digital credit, transfers, and rural finance, across SDGs 3, 4, 8, and 9. The findings indicate that formal access is associated with lower maternal mortality (SDG 3) and contributes positively to decent work and economic growth (SDG 8), as well as industry, innovation, and infrastructure (SDG 9). Digital credit and transfers help ease liquidity constraints in high-inequality regions, while mobile money enhances education outcomes (SDG 4) under robust governance, supporting informal labor markets. Rural finance strengthens innovation and infrastructure development in underserved areas, reinforcing SDG 9. A simultaneous equation model provides evidence of bidirectional relationships among financial inclusion, fintech adoption, and sustainable development, underscoring their mutual reinforcement rather than strict causality. Overall, the study highlights the systemic interconnection between finance and sustainability and emphasizes the importance of governance, infrastructure, and regulation in maximizing developmental benefits. Full article

The Law on Credit Institutions 2010, amended and supplemented, was applied on 15 January 2018, causing many changes in senior personnel in Vietnamese banking. The period (2018–2014) had many changes. This was also a period of many business difficulties. Four commercial banks had to carry out mandatory transfers at the request of the State Bank to ensure the development of the Vietnamese banking system in 2024. Profitable investment channels of commercial banks sometimes generate income and, at other times, suffer losses. Managers often analyze and make investment decisions by observing developments recorded on graphs and estimating the future fluctuation trends of each profitable investment channel. However, no research has been conducted on how the simultaneous implementation of all information from investment channels affects the final profit results of commercial banks. This study investigates all banking activities, from trading to investing, to consider which investment channel has a stable impact on bank profits over a long period. The S-GMM estimation method is used, due to the consideration of endogenous variables in quarterly panel data of 27 Vietnamese commercial banks from the first quarter of 2018 to the third quarter of 2024. This study provides statistical evidence indicating that all investment channels of commercial banks contribute to increased profits, except for short-term securities trading channels and capital contributions to subsidiaries. This study also reveals that economic growth and systemic risk affect commercial bank profits. Several solutions are proposed for commercial banks to develop future profitable investment channels. Full article

Agriculture accounts for the largest share of anthropogenic methane emissions. Rice paddy fields emit a significant amount of methane gas worldwide. Changing paddy water management practices has an enormous potential to reduce greenhouse gases. The clean development mechanism (CDM) project uses a market mechanism to reduce methane through private participation. There are various risks associated with private investment in CDM projects, although carbon credits as an economic incentive assist in mitigating some of these risks. Farmer participation plays a key role in the success of paddy water management projects in rural areas; however, despite the significant potential to reduce global methane emissions, very few projects have been implemented. When designing a Sustainable Development Mechanism (SDM) system, it is crucial to understand why the market mechanism in the existing CDM projects has failed. This study identifies and categorizes the risks and barriers to paddy water management in CDM projects and analyzes risk management options in CDM projects in India, Indonesia, and Mozambique. The results of this study showed that aside from economic risks, barriers to the application of technology in the field pose critical risks. The lack of knowledge and implementation experiences in rural areas increases barriers to practice. This in turn causes risk of difficulties in technology transfer which can be alleviated by improving awareness and introducing new knowledge through education and training in rural project implementation. Additionally, we highlight the importance of international efforts to build governance between the private and public sectors and promote technology transfers through multi-stakeholder engagement. This study provides specific information to encourage methane reduction worldwide and vitalize rice paddy water management in carbon reduction projects. Full article

Improving agricultural green total factor productivity is important for achieving high-quality economic development and the SDGs. Digital inclusive finance, which combines the advantages of digital technology and inclusive finance, represents a new scheme that can ease credit constraints and information ambiguity in agricultural production. First, this study focused on agro-ecological functions; we incorporated total agricultural carbon sequestration and emissions extraction into the evaluation system and used the mixed-direction-distance function to calculate agricultural green total factor productivity. Then, based on panel data from 31 provinces in China collected from 2011 to 2021, we used the two-way fixed effect model, the interactive fixed effect, and the plausibly exogenous variable method to test the impact of digital financial inclusion on agricultural green total factor productivity, and its mechanism of action. The panel-corrected standard error and fixed effect Driscoll–Kraay methods were used to account for the unobserved heterogeneity and cross-section dependence in the panel data. The results showed that digital financial inclusion can significantly improve agricultural green total factor productivity. This conclusion remained valid following robustness tests using the spatial econometric model and the method of changing explanatory variables. Digital financial inclusion can improve agricultural green total factor productivity by facilitating the transfer of agricultural land. Sound digital infrastructure and strict green credit policies enhance the role of digital inclusive finance in promoting the green development of agriculture. These conclusions could help the financial sector to formulate flexible, accurate, reasonable, and appropriate financial policies and products that would support agriculture, and enhance the role of digital inclusive finance in promoting sustainable agricultural development. Full article

One of the pillars on which food traceability systems are based is the unique identification and recording of products and batches along the supply chain. Patterns of these identification codes in time and place may provide useful information on emerging food frauds. The scanning of codes on food packaging by users results in interesting spatial-temporal datasets. The analysis of these data using artificial intelligence could advance current food fraud detection approaches. Spatial-temporal patterns of the scanned codes could reveal emerging anomalies in supply chains as a result of food fraud in the chain. These patterns have not been studied yet, but in other areas, such as biology, medicine, credit card fraud, etc., parallel approaches have been developed, and are discussed in this paper. This paper projects these approaches for transfer and implementation in food supply chains in view of future applications for early warning of emerging food frauds. Full article

Green credit policy (GCP), as one of the key financial instruments to achieve ’carbon peaking’ and ‘carbon neutrality’ targets, provides capital support for the green development of enterprises. This paper explores the impact mechanism of GCP on the sustainability performance of heavily polluting enterprises (HPEs) from the perspectives of technological innovation level (TIL) and credit resource allocation (CRA), using panel data for Chinese A-share listed manufacturing companies from 2010 to 2015 to construct a propensity score matching and differences-in-differences (PSM-DID) model. We find that GCP has a causal effect on corporate sustainability performance (CSP). Although GCP significantly improves CSP, there is no long-term effect. Heterogeneity analysis shows that the relationship between GCP and CSP is only significant in non-state-owned enterprises and in eastern and low-market-concentration enterprises. Mechanism tests indicate that GCP stimulates HPEs to invest more in technological innovation and thereby improves CSP through the innovation compensation effect; the credit constraint and information transfer effects caused by GCP reduce the credit resources available to HPEs but have a significant forced effect on CSP. This paper enriches the study of the economic consequences of GCP and provides implications for stakeholders to improve the green financial system and achieve green transformation of HPEs. Full article

Following the development and dissemination of new climate-smart agricultural technologies to farmers globally, there has been an increase in the number of socio-economic studies on the adoption of climate-smart integrated pests’ management (CS-IPM) technologies over the years. In this study, we review empirical evidence on adoption determinants of CS-IPM technologies and identify possible science–policy interfaces. Generally, our review shows that socioeconomic and institutional factors are influential in shaping CS-IPM adoption decisions of farmers. More specifically, income was found to positively influence the adoption of CS-IPM technologies while land size owned influences CS-IPM adoption negatively. Registered land tenure (registered secure rights) positively influences CS-IPM technologies’ adoption, implying that efficient land markets enable competitive and fair distribution and access to land, more so by the vulnerable but efficient smallholder producers that do indeed increase the adoption of CS-IPMs technologies. Social capital, achieved via farmers’ organizations is also central in fostering CS-IPM technologies’ adoption, just as market reforms that minimize market failures regarding access to credit, labor, and agricultural information, which could indirectly hinder farmers’ use of CS-IPM practices. Functional extension systems that improve farmers’ awareness of CS-IPM do also improve CS-IPM technologies’ adoption. However, the adoption of CS-IPM technologies in Ghana and Benin is slow-paced because of factors like lack of access to farm inputs that facilitate uptake of these technologies, lack of credit facilities, and limited extension services, among others. Interestingly, our review confirms that CS-IPM technologies do indeed reduce and minimize the intensity of pesticide usage and foster ecosystem (environmental and human) health. Therefore, this review unearths strategic determinants of CS-IPM adoption and makes fundamental guidance around climate-smart innovations transfer and environmental policies that should be prioritized to curb environmental pollution and ensure agricultural ecosystems’ sustainability. Full article

Credit transfer information systems in higher education are not well studied. This article demonstrates the prototype development of a cross-institutional credit transfer information system (CICIS) for community college transfer (i.e., vertical transfer) students in an Asian educational context. It exhibits credit transfer guidelines and past credit transfer records to enhance the transparency and sustainability of credit transfer information and to facilitate the transfer process of prospective community college transfer students. It also ensures the sustainability of credit transfer information and its application. The four-phase life cycle of the prototyping model was adopted to guide the study. In this paper, we report the first three phases of this development: (1) Users’ needs assessment and pre-prototyping groundwork, (2) prototype development, and (3) unforeseen circumstances and expert review. Challenges and difficulties throughout the whole process are documented and discussed. Based on this prototype development experience, a solid foundation of strategies for future engineering and enhancement of credit transfer information systems can be developed. Full article

We present an integrated information system needed to address the climate-water-migration-conflict nexus in the Congo Basin. It is based on a rigorous and multidisciplinary methodological approach that consists of designing appropriate tools for field surveys and data collection campaigns, data analysis, creating a statistical database and creating a web interface with the aim to make this information system publicly available for users and stakeholders. The information system developed is a structured and organized set of quantitative and qualitative data on the climate-water-migration-conflict nexus and gender, consisting of primary data collected during field surveys. It contains 250 aggregated variables or 575 disaggregated variables, all grouped into 15 thematic areas, including identification; socio-demographic characteristics; access to resources; perception of climate change; perception of migration; financial inclusion (savings, access to credit and circulation of money); domination and control on water resources, land ownership and property rights, conflict resolution and community resilience; water uses; vulnerability to climate change; housing, household assets and household expenditure; food security; health, hygiene and sanitation; environmental risk management; women’s economic autonomy; and water transfer from the Congo Basin to Lake Chad. The information system can be used to model and understand the interface of human-environment interactions, and develop scenarios necessary to address the challenges of climate change and resilient development, while supporting key policy areas and strategies to foster effective stakeholder participation to ensure management and governance of climate and natural resources in the Congo Basin. Full article

The emerging blockchain technology has injected new vitality into the energy market, especially the peer-to-peer power trading of microgrid systems. However, with the increase of energy blockchain projects, the difficulty of data communication and value islands between blockchain networks have become open issues. Thus, in this paper, we propose a dynamic adaptive cross-chain trading mode for multi-microgrid joint operation. The novelty is to design a proof of credit threshold consensus mechanism to achieve effective information verification. This consensus mechanism can ensure the adaptive consistency of cross-chain information without changing the existing blockchain architecture of each system. At the same time, we design a corresponding key management interoperability protocol based on RSA algorithm and Chinese remainder theorem, which can realize data transfer and information consensus for cross-chain transactions. The theoretical analysis verifies that the cross-chain communication information is effective and the system is able to protect against the attack of malicious nodes. Finally, a cross-chain simulation experiment is established to analyze the operation efficiency. The result shows that this cross-chain trading takes place within seconds, which basically meets the response requirements for multi-microgrid joint operation. Full article

The present study assesses the efficacy of a semester-long undergraduate sustainability curriculum designed from a systems approach. The three-course curriculum, which incorporated environmental science and ethics courses along with an integrative course using a community-based learning pedagogy, was intended to provide students with experience using knowledge and skills from distinct disciplines in a holistic way in order to address the complex problems of the human acceptance of and response to anthropogenic climate change. In the fall of 2013, 23 of the 24 sophomore general education students enrolled in the three courses were surveyed at the beginning and end of the semester; 17 of those same students completed the survey again in the spring of 2016, their senior year. Results, which focus on the 17 students who continued to participate through their senior year, were analyzed with quantitative and qualitative methodologies. The pre/post data from the surveys demonstrated significant improvement in climate literacy, certainty, concern and urgency over the course of the semester; the senior data indicated that those improvements were largely retained. The study also suggests that the nine-credit curriculum improved transferable skills such as interdisciplinary thinking, self-confidence and public speaking. A qualitative analysis of three student cases, informed by a focus group (n = 7) of seniors along with other sources of information, suggested retention of such transferable skills, and, in some cases, deeper involvement in climate and sustainability action. Full article