Amelia Correa and Romar Correa
We construct an embankment on a historical flow. The intention is to design a durable structure for any country seeking to pull itself out of the current recession.
Abstract
Purpose
We construct an embankment on a historical flow. The intention is to design a durable structure for any country seeking to pull itself out of the current recession.
Methodology/approach
Thomas Piketty’s classic is subjected to a close and novel scrutiny. The history is downplayed and the nascent macroeconomics fleshed out and extended.
Findings
A distinction must be made between rentier and productive interests and credit directed to the latter. Both private and public investments are essential. Socially designed projects must be originated and supported through State Development Banks.
Practical implications
Individual components have long been in existence. Green technology, social funding and the like are increasing in importance. However, they have not been embraced in a simple overarching model.
Originality/value
We offer a rationale for the government bond. Finance is introduced rigorously into the macroeconomic framework. The basis, though, is employment.
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The purpose of this paper is to make a case for an international clearing house.
Abstract
Purpose
The purpose of this paper is to make a case for an international clearing house.
Design/methodology/approach
The systems postulate is used: the whole is greater than the sum of the parts. Specifically, the 2007 Godley‐Lavoie model is exploited.
Findings
Domestic banking arrangements are institutionally fragile; they import stability from their central banks. In like manner, relations between central banks must be conducted under a common metric, a world money.
Originality/value
The paper shows that a technical argument for a multilateral clearing house will not be found. The author teases “implicit dynamics” (Stephen Turnovsky) out of national income identities.
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The purpose of this paper is to appraise the transition from bank‐based systems to universal banking.
Abstract
Purpose
The purpose of this paper is to appraise the transition from bank‐based systems to universal banking.
Design/methodology/approach
The Wynne Godley and Francis Cripps macroeconomic framework is used to structure the argument.
Findings
It is shown that the activity of oligopolistic firms leads, through their build‐up of inventories, to an unstable system. However, the industrial structure of an economy might be embedded in a network of inter‐bank linkages. The coupling of real and credit activities delivers a weak stability.
Research limitations/implications
The paper is an attempt to marry a structural cycle model with the institutional transformations. The cyclical model could be made more complex and the institutional analysis richer, thereby generating a thicker set of connections between the two.
Practical implications
The conclusion is that firewalls should be reconstructed between the traditional functions of banks as a conduit in the production of goods and services, and other financial entities involved in financial innovations.
Originality/value
Schools of political economy that theorise the transformation of the regime of accumulation of yesteryear are synthesised into financialisation and potential instability.
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Kutisha T. Ebron, Anthony C. Andenoro, Cheyenne Luzynski and Anne Ngunjiri
In May 2020, Kenya declared Gender-Based Violence (GBV) a health emergency amid the COVID-19 pandemic. Domestic and intimate partner violence typically rises during crises…
Abstract
Purpose
In May 2020, Kenya declared Gender-Based Violence (GBV) a health emergency amid the COVID-19 pandemic. Domestic and intimate partner violence typically rises during crises, regardless of economic status (Spangaro et al., 2021). Before COVID-19, around 45% of women and girls in Kenya had experienced violence (Musembi et al., 2022). Although Kenya’s constitution has addressed GBV since 2010 and gender equity initiatives have been promoted, the pandemic exacerbated GBV, particularly in rural areas, due to lockdowns and movement restrictions. This study examines the lessons learned from Kenya’s COVID-19 response and proposes policies and processes that integrate ethical leadership to effectively combat GBV and advance gender equity.
Design/methodology/approach
This exploratory phenomenology study involved conducting semi-structured interviews with pregnant women, mothers, policymakers and government representatives.
Findings
The qualitative narratives reveal several critical issues and areas for improvement in addressing gender-based violence (GBV) and related challenges during the COVID-19 pandemic in Kenya. Both policymakers and pregnant women highlighted a lack of effective leadership, public policy and application of gender equity principles, with deeply ingrained patriarchal norms hindering progress.
Originality/value
This study aims to improve responses to GBV during crises and promote gender equity through ethical leadership. By examining the impacts of COVID-19 on GBV and assessing the influence of intersectoral factors like employment, healthcare and financial aid, it seeks to provide actionable insights for effective interventions. The findings can inform strategies to prevent and address GBV in crises while ensuring inclusivity and justice. This aligns with international initiatives like the UN’s Sustainable Development Goals and the “Leave No One Behind” agenda, fostering more resilient and equitable communities.