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33 pages, 2339 KiB  
Article
Towards Inclusive and Resilient Living Environments for Older Adults: A Methodological Framework for Assessment of Social Sustainability in Nursing Homes
by Vanja Skalicky Klemenčič and Vesna Žegarac Leskovar
Buildings 2025, 15(14), 2501; https://doi.org/10.3390/buildings15142501 - 16 Jul 2025
Viewed by 401
Abstract
The quality of living environments for older adults represents a critical component of social sustainability in an ageing society. Among various housing options, nursing homes are the most institutionalised form of elderly care and demand special attention regarding architectural design. This paper explores [...] Read more.
The quality of living environments for older adults represents a critical component of social sustainability in an ageing society. Among various housing options, nursing homes are the most institutionalised form of elderly care and demand special attention regarding architectural design. This paper explores the impact of architectural and open space features on social sustainability in living environments for older adults. A comparative analysis of three Slovenian nursing homes is presented. The first two, built in the post-war period, were based on elevated architectural criteria inspired by Swedish human-centred housing design. The third was completed in 2021 in the post-COVID-19 era, which revealed the vulnerability of such housing typologies. An integrated methodological framework was developed by applying two complementary assessment tools: the Safe and Connected, developed by the authors to evaluate the spatial, health, and social resilience of nursing home environments, and the Well-being and Integration, addressing the role of open space with a particular emphasis on the identification of older adults with their environment and the facilitation of social resilience. Both tools evaluate indicators linked to the social dimension of quality of life for older adults. The results show a gradual improvement in architectural quality from the 1960s to the 1980s, followed by a partial decline in the contemporary case. The Swedish example scored highest across both tools. In contrast, the newest Slovenian facility scored surprisingly low in social integration, highlighting critical gaps in current nursing home design. This study demonstrates the value of applying interdisciplinary, tool-based evaluations in identifying design strategies that foster resilient and inclusive LTC environments, and the proposed framework may serve as a decision-making aid for architects, planners, and policymakers. This research highlights the importance of reintroducing human-oriented design principles to support socially sustainable nursing home environments. Full article
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30 pages, 341 KiB  
Article
Global Power Dynamics in the Contemporary Space System
by Francisco Del Canto Viterale
Systems 2025, 13(4), 276; https://doi.org/10.3390/systems13040276 - 9 Apr 2025
Viewed by 1814
Abstract
In the 21st century, the space system has experienced a substantial shift from a simple unipolar to a new and more complex structure. This transition is the result of the emergence of new space powers and global power dynamics. The central hypothesis of [...] Read more.
In the 21st century, the space system has experienced a substantial shift from a simple unipolar to a new and more complex structure. This transition is the result of the emergence of new space powers and global power dynamics. The central hypothesis of this research work is that the space system is undergoing an intersystem transition from a unipolar, U.S.-dominant, post-Cold War space system to a new and more complex structure that includes new space powers and a redistribution and rebalancing of power dynamics. The unipolar structure that prevailed in the post-Cold War era has been replaced by a new space system, in which emerging space powers exhibit global ambitions and a willingness to compete with and challenge the United States’ dominance. These shifts in the number of space actors, power dynamics, and the structure of the space system necessitate novel scientific approaches. This research postulates the utilization of systems science as a means to enhance our comprehension of the intersystem transition and the rebalancing of power in the space system in recent decades. The result of this study is a comprehensive analysis of the major space actors in the 21st-century space system, the analysis of the redistribution of power among them, and the new power structure that has emerged. Full article
(This article belongs to the Section Complex Systems and Cybernetics)
22 pages, 4846 KiB  
Article
The Plant Landscape of the “Conca d’Oro” of Palermo (NW Sicily, Italy) and Its Evolution
by Gianniantonio Domina, Giulio Barone, Enrico Bajona, Emilio Di Gristina, Giuseppe Venturella and Raimondo Pardi
Plants 2025, 14(6), 938; https://doi.org/10.3390/plants14060938 - 17 Mar 2025
Viewed by 1133
Abstract
The Conca d’Oro of Palermo, a plain in NW Sicily of significant historical and agricultural importance, has undergone significant landscape alterations due to agricultural strengthening and urbanization. This paper analyses the evolution of the plant landscape from early human settlements to the present [...] Read more.
The Conca d’Oro of Palermo, a plain in NW Sicily of significant historical and agricultural importance, has undergone significant landscape alterations due to agricultural strengthening and urbanization. This paper analyses the evolution of the plant landscape from early human settlements to the present by integrating historical records, cartographic analysis, and floristic surveys. Three key periods of change were identified: Roman-era deforestation for cereal cultivation, the expansion of irrigated agriculture under Arab rule, and the dominance of citrus monoculture in the 19th century. Post-World War II urban expansion led to the loss of agricultural land and natural habitats, particularly wetlands and coastal dunes. Spatial analysis revealed a drastic reduction in semi-natural areas, with agricultural land giving way to urban sprawl. Floristic studies showed the persistence of endemic plant species in fragmented natural habitats alongside the local extinction of wetlands and coastal vegetation. The Oreto River, a river with a basin that extends into the territories of the municipalities of Altofonte, Monreale, and Palermo, remains a critical biodiversity reservoir, and most other natural ecosystems have been degraded. This research provides insights into the long-term interactions between human activities and biodiversity and offers a foundation for sustainable conservation strategies in Mediterranean urban and peri-urban environments. Full article
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21 pages, 247 KiB  
Article
Adoption Agrafa, Parts “Unwritten” About Cold War Adoptions from Greece: Unambiguous Losses
by Gonda A. H. Van Steen
Genealogy 2025, 9(1), 25; https://doi.org/10.3390/genealogy9010025 - 9 Mar 2025
Viewed by 1092
Abstract
This essay examines relationships between adoptees and the (extended) adoptive family, focusing on the inheritance rights of adopted persons as entry points into levels and cycles of their belonging and un-belonging. The essay contextualizes a case report (or summary reports) on the kind [...] Read more.
This essay examines relationships between adoptees and the (extended) adoptive family, focusing on the inheritance rights of adopted persons as entry points into levels and cycles of their belonging and un-belonging. The essay contextualizes a case report (or summary reports) on the kind of estrangement in the adoptee world that is fueled by inheritance disputes. It delves into postadoption perceptions and thus into the “unwritten” truths about adoption and its possible fallout. It draws from archival sources, semi-structured interviews (life-story interviewing), and life writing by adoptees, and also from a sequence of real-life exchanges dating back to 2018. All these sources focus on the contested inheritance of children, now older adults, who were adopted from Greece in the 1950s–60s and who became (or should have become) subsequent heirs to the estates of their adoptive parents and/or relatives. The Greek out-of-country adoptions of the postwar and early Cold War era involved more than 4000 children, most of whom were sent to the United States. The various testimonies and sections reflect critically on the continuing trend to infantilize the adopted persons, forever the adopted children, to push their origins back into the past and into geographical distance, to untie the family connections they have forged over the course of half a century. The examples take the reader from the adoptive family’s pre-adoption attempts at disowning the child through the postadoption stage of the end of an adopted lifetime, including cases of the extended adoptive family’s attempts at “de-adopting” the adopted person. This essay includes various sources of life-cycle documentation, among them an extensive case study and online obituaries. It adheres to truth and authenticity by incorporating fairly long original quotations, which, in the case study of the second half especially, assist the reader in comprehending much historical information in a question-and-answer format. This bolder structure offers the advantage of taking the reader step by step through the transactions of a prominent Greek adoption scheme (Rebecca and Maurice Issachar) and also through the various layers of the postadoption mindset and minefield. The material presented here is intended to raise awareness that change can and must still benefit the Greek adoptees today, whose lives may have been permeated by conditionality and nonlinearity. I conclude that, in the cases discussed here, the child’s orphanhood may well be a perpetual state, with the adoptee being orphaned of individuality and of a protective family on more than just one occasion. Full article
12 pages, 214 KiB  
Article
The Idea of Europe in the Work of Popes John Paul II, Benedict XVI, and Francis
by André P. DeBattista
Religions 2025, 16(3), 300; https://doi.org/10.3390/rel16030300 - 27 Feb 2025
Viewed by 960
Abstract
The papacies of Pope John Paul II, Pope Benedict XVI, and Pope Francis coincided with a period of conflict and change in Europe. In the post-war period, Europe was still divided along ideological lines, with much of it having experienced invasion, occupation, and [...] Read more.
The papacies of Pope John Paul II, Pope Benedict XVI, and Pope Francis coincided with a period of conflict and change in Europe. In the post-war period, Europe was still divided along ideological lines, with much of it having experienced invasion, occupation, and totalitarianism. Both John Paul II (1920–2005) and Benedict XVI (1927–2022) experienced the excesses of totalitarianism, profoundly affecting their outlook. Their papacies also coincided with a formative period in the post-war era: the end of the Cold War, the emergence of a new European order, and the disenchantment with that same order. Though not hailing from Europe, Pope Francis (1936–) has been an equally vital contributor to the conversation of the “idea of Europe”. This paper proposes to identify how the idea of Europe features in the work of these three popes and whether there are elements of continuity and dissonance. Full article
17 pages, 544 KiB  
Article
Adoption Agrafa, Parts “Unwritten” About Cold War Adoptions from Greece
by Gonda A. H. Van Steen
Genealogy 2025, 9(1), 1; https://doi.org/10.3390/genealogy9010001 - 24 Dec 2024
Cited by 1 | Viewed by 897
Abstract
This preliminary empirical study delves into the “agrafa”, the “unwritten” or “uncharted” parts of a Greek adoption phenomenon and Greek–American relations that may, however, still be accessed via archival investigations, mixed research methods, and efforts to hone life writing skills. At [...] Read more.
This preliminary empirical study delves into the “agrafa”, the “unwritten” or “uncharted” parts of a Greek adoption phenomenon and Greek–American relations that may, however, still be accessed via archival investigations, mixed research methods, and efforts to hone life writing skills. At stake is the case of the post-WWII adoptions of some 4000 Greek children who were sent to the United States between the years 1950 and 1975. This study asks how the related negotiations were transacted, especially in the early years of the intercountry adoption phenomenon. It challenges the researcher today to create a life writing narrative out of scant snippets and dense allusions and to disclose the dynamics of overlooked interactions, such as the consumerist and occasionally racist attitudes of some, though certainly not all, prospective adoptive parents. Thus, this article highlights formerly dismissed interactions, not necessarily numerically representative interactions, given that the window of opportunity has passed to interview adoptive parents of Greek children who pursued these foreign adoptions in the 1950s–1960s and to quantify their actions and reactions more systematically. Many of the adoptive parents of the 1950s–1960s, however, left their impressions, demands, and frustrations in writing. Those writings have yet to be studied, and their more deliberate, explicit language must be acknowledged, even amid generally more positive depictions of postwar intercountry adoption. I show that the victorious post-WWII era saw a sense of American entitlement emerge among the prospective adoptive parents that has since been whitewashed. Waiving the banner of altruism or humanitarianism (as a couple or as a superpower, respectively), some adoptive parents embarked on adoptions from Greece from a position of cultural as well as political and economic superiority. Their expectation was that the “destitute” partner should comply, that the Greeks themselves should not “talk back” when “poor orphans” were about to be “saved” from “illegitimacy” and lack of prospects. Full article
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13 pages, 218 KiB  
Article
Regrounding the Unworldly: Carnap’s Politically Engaged Logical Pluralism
by Noah Friedman-Biglin
Philosophies 2024, 9(4), 110; https://doi.org/10.3390/philosophies9040110 - 23 Jul 2024
Viewed by 1218
Abstract
Recent discussions of logical pluralism trace its origins to Rudolf Carnap’s principle of tolerance; indeed, the principle is seen as one of Carnap’s lasting philosophical contributions. In this paper, I will argue that Carnap’s reasons for adopting this principle are not purely logical, [...] Read more.
Recent discussions of logical pluralism trace its origins to Rudolf Carnap’s principle of tolerance; indeed, the principle is seen as one of Carnap’s lasting philosophical contributions. In this paper, I will argue that Carnap’s reasons for adopting this principle are not purely logical, but are rather founded in the Vienna Circle’s manifesto—a programmatic document that brings the Circle’s philosophical work together with a program of social change. Building on work by Uebel, Romizi, and others, I argue that we must understand the principle in light of Carnap’s role in writing the manifesto, and thus as integrated into the larger philosophical and political goals of the Circle. This history illuminates the often-ignored relationship between Carnap’s logical pluralism and his political views. Finally, I turn to the political situation of the post-World War 2 period in the United States. During this time, the Circle’s emigres in the USA transitioned their work from active efforts to reform society to the technical work that we recognize as the foundation of American analytic philosophy today. In this final section, I argue that the reasons that Carnap distanced himself from the political foundations of his view were due in large part to McCarthy-era persecution of left-wing academics. Full article
12 pages, 3208 KiB  
Article
The Architectural Legacy of Lithuanians in the United States during the Post-World War II Era: A Monument to the Cold War
by Vaidas Petrulis, Brigita Tranavičiūtė and Paulius Tautvydas Laurinaitis
Buildings 2023, 13(12), 3138; https://doi.org/10.3390/buildings13123138 - 18 Dec 2023
Cited by 1 | Viewed by 1986
Abstract
The architectural heritage directly related to the refugees from Europe who came to the USA as a result of World War II is still an under-researched topic. New post-war arrivals from the displaced persons camps resulted in a sizeable growth of the already [...] Read more.
The architectural heritage directly related to the refugees from Europe who came to the USA as a result of World War II is still an under-researched topic. New post-war arrivals from the displaced persons camps resulted in a sizeable growth of the already well-established Lithuanian community, infusing it with highly educated professionals. This also included many architects who needed to adapt and continue their practice in a different environment while also finding a way to be useful for the objectives of their national group. The aim of this paper is to examine the architectural legacy of the Lithuanian community in the post-war decades in the USA, emphasizing buildings that were designed with a specific aspiration to implement national character. Research finds that buildings built for the Lithuanian community carried a strong symbolical language that was a peculiar, yet enriching case, in regard to the then-dominant mid-century modernist trends. These structures show the determination of the national group to use their built environment as a medium to reinforce their identity and use architecture as a political statement. The paper proposes to interpret this politically motivated and stylistically distinctive architecture as monuments testifying to the political atmosphere of the Cold War. In this way, the heritage value of these buildings is linked not to avant-garde architectural styles, but to the political needs of a specific community in exile. Full article
(This article belongs to the Special Issue Built Heritage Conservation in the Twenty-First Century)
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21 pages, 330 KiB  
Article
Housing Satisfaction: A Comparison between Post-Second World War Large Housing Estates and Post-Socialist Multifamily Residential Neighbourhoods in Slovenia
by Richard Sendi, Ajda Šeme and Boštjan Kerbler
Sustainability 2023, 15(18), 13390; https://doi.org/10.3390/su151813390 - 7 Sep 2023
Cited by 3 | Viewed by 1687
Abstract
As a reaction to the critical writings of urban sociologists regarding the quality of post-Second World War large housing estates (monotonous architectural design, cheap/poor quality building materials, high building density, minimum dwelling sizes, overcrowding, etc.), fewer problematic types of mass housing neighbourhoods started [...] Read more.
As a reaction to the critical writings of urban sociologists regarding the quality of post-Second World War large housing estates (monotonous architectural design, cheap/poor quality building materials, high building density, minimum dwelling sizes, overcrowding, etc.), fewer problematic types of mass housing neighbourhoods started to emerge, first in Western European countries in the 1970s, and later in Eastern European countries after they abandoned the planned economy system of the communist era and adopted the market economy system. One of the major concerns often raised in this regard is that, due to a variety of negative aspects associated with post-WWII housing estates, these neighbourhoods may eventually end up as concentrations of low-income households, after the more affluent residents relocate to the more attractive, less problematic residential neighbourhoods. Such developments are, understandably, undesirable. This concern inherently assumes that the inhabitants of post-WWII housing estates are not satisfied with their housing and are, as a result, expected to move away, as soon as they can. This hypothesis presents the focus of discussion in this paper. We examine its validity with the help of the findings of a comparative study between post-WII large housing estates and post-socialist multifamily residential neighbourhoods that was conducted in Slovenia in 2021. Contrary to the hypothetical assumptions, our analyses of the research results reveal that the inhabitants of post-WWII large housing estates are (a) generally quite satisfied with their dwellings and residential neighbourhood and that (b) a large majority of them have no intention to move. Understanding people’s satisfaction with their housing circumstances requires a complex analysis of their attitudes that goes beyond surface-level observations and encompasses a broader range of psychological and social influences on housing choices, suggesting the need to incorporate these aspects into future research. The consideration of these aspects is essential in order to ensure the longer-term sustainability of post-WWII large housing estates. Full article
(This article belongs to the Collection Social Sustainability and New Urban Residential Spaces)
27 pages, 2960 KiB  
Review
Back to Nature: Medicinal Plants as Promising Sources for Antibacterial Drugs in the Post-Antibiotic Era
by Emad M. Abdallah, Bader Y. Alhatlani, Ralciane de Paula Menezes and Carlos Henrique Gomes Martins
Plants 2023, 12(17), 3077; https://doi.org/10.3390/plants12173077 - 28 Aug 2023
Cited by 142 | Viewed by 20688
Abstract
Undoubtedly, the advent of antibiotics in the 19th century had a substantial impact, increasing human life expectancy. However, a multitude of scientific investigations now indicate that we are currently experiencing a phase known as the post-antibiotic era. There is a genuine concern that [...] Read more.
Undoubtedly, the advent of antibiotics in the 19th century had a substantial impact, increasing human life expectancy. However, a multitude of scientific investigations now indicate that we are currently experiencing a phase known as the post-antibiotic era. There is a genuine concern that we might regress to a time before antibiotics and confront widespread outbreaks of severe epidemic diseases, particularly those caused by bacterial infections. These investigations have demonstrated that epidemics thrive under environmental stressors such as climate change, the depletion of natural resources, and detrimental human activities such as wars, conflicts, antibiotic overuse, and pollution. Moreover, bacteria possess a remarkable ability to adapt and mutate. Unfortunately, the current development of antibiotics is insufficient, and the future appears grim unless we abandon our current approach of generating synthetic antibiotics that rapidly lose their effectiveness against multidrug-resistant bacteria. Despite their vital role in modern medicine, medicinal plants have served as the primary source of curative drugs since ancient times. Numerous scientific reports published over the past three decades suggest that medicinal plants could serve as a promising alternative to ineffective antibiotics in combating infectious diseases. Over the past few years, phenolic compounds, alkaloids, saponins, and terpenoids have exhibited noteworthy antibacterial potential, primarily through membrane-disruption mechanisms, protein binding, interference with intermediary metabolism, anti-quorum sensing, and anti-biofilm activity. However, to optimize their utilization as effective antibacterial drugs, further advancements in omics technologies and network pharmacology will be required in order to identify optimal combinations among these compounds or in conjunction with antibiotics. Full article
(This article belongs to the Special Issue Plant-Derived Natural Products and Their Applications)
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33 pages, 2184 KiB  
Review
Use of Plant Extracts, Bee-Derived Products, and Probiotic-Related Applications to Fight Multidrug-Resistant Pathogens in the Post-Antibiotic Era
by António Machado, Lizbeth Zamora-Mendoza, Frank Alexis and José Miguel Álvarez-Suarez
Future Pharmacol. 2023, 3(3), 535-567; https://doi.org/10.3390/futurepharmacol3030034 - 4 Jul 2023
Cited by 24 | Viewed by 6113
Abstract
The ‘post-antibiotic’ era is near according to the World Health Organization (WHO). It is well known, due to the work of the scientific community, that drugs (antibiotics, antifungals, and other antimicrobial agents) are continuously becoming less effective, and multidrug-resistant (MDR) pathogens are on [...] Read more.
The ‘post-antibiotic’ era is near according to the World Health Organization (WHO). It is well known, due to the work of the scientific community, that drugs (antibiotics, antifungals, and other antimicrobial agents) are continuously becoming less effective, and multidrug-resistant (MDR) pathogens are on the rise. This scenario raises concerns of an impending global infectious disease crisis, wherein a simple opportunistic infection could be deadly for humans. The war against MDR pathogens requires innovation and a multidisciplinary approach. The present study provides comprehensive coverage of relevant topics concerning new antimicrobial drugs; it suggests that a combination of different natural products (such as plant extracts, honey, propolis, prebiotics, probiotics, synbiotics, and postbiotics), together with drug therapy, could be used as an adjuvant in standard treatments, thus allowing drug sensitivity in MDR pathogens to be restored, host immunity to be enhanced, and clinical efficiency to be improved. Currently, new and relevant developments in genomics, transcriptomics, and proteomics are available for research, which could lead to the discovery of new antimicrobial drugs and a new generation of antibiotics and non-antibiotics. However, several areas concerning natural products and their combination with standard drugs remain unclear. In an effort to advance new therapies for humankind, these gaps in the literature need to be addressed. Full article
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22 pages, 884 KiB  
Article
Diaconal Church Initiatives and Social/Public Welfare in Postwar Japan: A Descriptive Overview
by Stéphan Van der Watt
Religions 2023, 14(5), 594; https://doi.org/10.3390/rel14050594 - 1 May 2023
Viewed by 2751
Abstract
This article reflects on post-WWII developments and the current state of church-related diaconal initiatives in Japan. Pioneering Christians have made significant contributions to the development of social welfare since the Meiji Era (1868–1912). Despite still being a radical minority of around only 1 [...] Read more.
This article reflects on post-WWII developments and the current state of church-related diaconal initiatives in Japan. Pioneering Christians have made significant contributions to the development of social welfare since the Meiji Era (1868–1912). Despite still being a radical minority of around only 1 percent of Japan’s population, the nationwide network of Japanese Christian churches, educational institutions, and social welfare organizations makes Christianity’s presence felt on a much wider scale. With its focus on postwar efforts, this article gives a brief overview that ranges from education to social reform and medical care, all of which were traditionally incorporated under the notion of “Christian Social Welfare” (Kirisutokyō Shakai Fukushi). The research integrates Japanese and English sources in a methodical, rigorous literature study in response to the following main question: Why is there a complicated relationship in postwar Japan between church practices defined as diakonia and the work of Christian-based social welfare organizations? This article discovers how diakonia as a theological concept is re-orientating the core identity and mission of churches in Japan. A case study from the Reformed Church of Japan’s diaconal activities is presented to highlight the conclusion that a complex relationship remains between social welfare organizations and wider church practices enacted under the rubric of diakonia. Full article
(This article belongs to the Special Issue Diaconia and Christian Social Practice in a Global Perspective)
16 pages, 333 KiB  
Article
Olga Albizu’s Lyrical Abstraction and the Borders of the Canvas
by Raquel Flecha Vega
Arts 2023, 12(1), 20; https://doi.org/10.3390/arts12010020 - 20 Jan 2023
Viewed by 3820
Abstract
The abstractionist paintings of Puerto Rican artist Olga Albizu (1924–2005) gained prominence in the late 1950s when her work debuted in galleries across the Americas and entered the commercial music industry with RCA and Verve records. However, existing scholarship has failed to capture [...] Read more.
The abstractionist paintings of Puerto Rican artist Olga Albizu (1924–2005) gained prominence in the late 1950s when her work debuted in galleries across the Americas and entered the commercial music industry with RCA and Verve records. However, existing scholarship has failed to capture the complex relationship between Albizu’s anti-commercial abstractionist aesthetic and its mass reproduction as cover art for vinyl records during the Cold War era. Returning to the canvas to explore the iconographic, formal, and aesthetic qualities of Albizu’s work within its sociohistorical post-World War II context, this study reveals Albizu’s devotion to formal borders, vivid color juxtapositions, and compositional tensions. I argue that Albizu’s practice constitutes an ongoing concern with a Modernist dialectic and ideals about subjective transformation in a postmodern world of mass culture, a message she conveyed through the material and experiential borders of the canvas. As an avowed formalist and Modernist existing between the postcolonial and postmodern worlds of San Juan and New York City, her work merits formal scrutiny. This paper will add to the diverse histories of Abstract Expressionism and mid-century Modernisms across the Americas while shedding light on an important post-war historical moment and artistic impulse that held on to anti-commercial values in an all-encompassing consumerist world. Full article
(This article belongs to the Special Issue The Intersection of Abstract Expressionist and Mass Visual Culture)
25 pages, 6481 KiB  
Review
Renminbi Internationalization Process: A Quantitative Literature Review
by Ramona Orăștean and Silvia Cristina Mărginean
Int. J. Financial Stud. 2023, 11(1), 15; https://doi.org/10.3390/ijfs11010015 - 6 Jan 2023
Cited by 8 | Viewed by 6939
Abstract
As China’s position in the global economy has gradually improved, the importance of debates on the role of the renminbi in the international monetary system has significantly increased. This paper uses bibliometric methods—Bibliometrix R-package and its web-based graphical interface Biblioshiny—applied to data imported [...] Read more.
As China’s position in the global economy has gradually improved, the importance of debates on the role of the renminbi in the international monetary system has significantly increased. This paper uses bibliometric methods—Bibliometrix R-package and its web-based graphical interface Biblioshiny—applied to data imported from Web of Science and Scopus to investigate and synthesize the renminbi literature published in English between 1995 and 2021. Science mapping offers a visual representation of different networks and clusters of authors’ keywords. The performance analysis, a quantitative evaluation of the most published sources, authors and papers on renminbi internationalization in the last 25 years, shows that the interest on the topic has grown, particularly after 2009 and 2016, respectively. There is also a high degree of concentration in the field, considering that out of the 802 analyzed papers, published in 393 sources, five authors and four journals had the highest impact. The content analysis identifies the main directions in the renminbi internationalization literature and future research questions to further explore this subject. The COVID-19 pandemic and post-Ukraine war era could generate a deeper reform of the international monetary system, in which the Chinese currency will strengthen its global position alongside the US dollar and the euro. Full article
(This article belongs to the Special Issue Literature Reviews in Finance)
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16 pages, 3711 KiB  
Article
Will Gold Prices Persist Post Pandemic Period? An Econometric Evidence
by Sumathi Kumaraswamy, Yomna Abdulla and Shrikant Krupasindhu Panigrahi
Int. J. Financial Stud. 2023, 11(1), 8; https://doi.org/10.3390/ijfs11010008 - 29 Dec 2022
Cited by 6 | Viewed by 9978
Abstract
Recurrent stock market fall and rise sequel by COVID-19, rising global inflation, increase in Fed interest rates, the unprecedented meltdown of technology stocks, fear of trade wars, tightening of governments’ fiscal policies call for a new trend in international investing. It is time [...] Read more.
Recurrent stock market fall and rise sequel by COVID-19, rising global inflation, increase in Fed interest rates, the unprecedented meltdown of technology stocks, fear of trade wars, tightening of governments’ fiscal policies call for a new trend in international investing. It is time for the investors to rethink, rebalance and reset their investment strategies to position and protect their portfolios during and post-pandemic period. This paper attempts to forecast the gold prices for the post-pandemic era and explores whether gold will serve as a decisive hedge during this transition period. The techniques of ARCH, GARCH, E-GARCH, A-PARCH, and GARCH-M is employed in forecasting the conditional volatility of gold spot price from Multi Commodity Exchange (MCX) of India. A total of 3631 observations were collected from the daily spot prices of gold from January 2009 to December 2022. The findings show that the gold prices in India are highly persistent similar to other emerging markets and that gold will remain a safe haven for investors and institutional investors in the post-pandemic period. This paper is the first of its kind to forecast gold prices for the post-pandemic period. The forecast price of 10-gram gold is expected to trade for 65,948 ₹ in the Indian MCX by 2026 if the gold prices behold its previous momentum. This forecast will help the investors to plan their portfolio diversification for the post-pandemic period. Full article
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