The Architecture of Financial Networks and Models of Financial Instruments According to the “Just Transition Mechanism” at the European Level

Manta, Otilia; Gouliamos, Kostas; Kong, Jie; Zhou, Li; Hà, Nguyễn Minh; Mohanty, R.P.; Hong-mei, Yang; Pu, Ruihui; Yue, Xiao‐Guang

doi:10.3390/jrfm13100235

Cited by 7 publications

(9 citation statements)

References 10 publications

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“…Many studies are looking to different components that help with the national economy improvement [11,[15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32]. For instance, investment in the health sector for EU countries prevails with positive effects on the national economy, especially for employment and household income [15].…”

Section: Literature Reviewmentioning

confidence: 99%

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Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic

2021

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This paper aims to create an image both in terms of description and in terms of graphical representation, with multiannual coverage (2007–2019), the evolution of the financial indicators of the population, and their impact on the national economy. The main objective is to establish the basic pillars of the concentrated table of population financial indicators in terms of the values of absolute primary indicators, on the basis of which the values of the three relevant relative indicators that characterize the financial situation of the population were calculated directly for the potential and performance of the national economy, especially in the current context of the COVID-19 pandemic. The research methodology was based on a series of numerical data from public databases, tools, and appropriate research methods based on the calculation of primary indicators, and indicators derived by appropriate calculation formulas, for the identification of factors influencing the financial status of the population at and a comparative analysis of the financial assets and liabilities of households in Romania and the European Union. The results of the paper are given by the evolution of primary indicators on the characterization of the financial situation of the population in 2007–2019, especially for the active population, and are directly influenced by the quality of eligible employment and employed adults, as well as the sustainability of the national economy. The personal contribution of the research team consists of the mathematical correlations given by the population finances for the economy of a state, which are extremely relevant, especially since, depending on their positive or negative levels, systemic financial and social imbalances are created with direct impact on the sustainability of the national economy. Thus, we want to determine these financial indicators relevant to the economy. Additionally, due to the COVID-19 pandemic, the related issues to the population finances have aggravated and as such, there is a need for structural changes and adoptions. Finally, as an immediate and less costly solution, this study comes up with the suggestion of shifting the national economy toward frugality, therefore, significantly supporting sustainable development.

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Section: Literature Reviewmentioning

confidence: 99%

“…The paper [31] presents mechanisms and models for supporting the poor population, especially in the context of European support in the 2021-2027 programming period. Ref.…”

Section: Literature Reviewmentioning

confidence: 99%

Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic

2021

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“…Diversifying local economies during the energy transition requires a long-term sustainable development strategy (Cheung et al 2019;Snell 2018;Snyder 2018), the creation of local revenue streams (Carley et al 2018;Johnstone and Hielscher 2017;Qadir et al 2021), and effective support policies in tandem with financial instruments (Manta et al 2020;Tandon 2021). Access to financial instruments is expected to support existing businesses in lignite regions, attract new investments, support investments in clean energy technologies, and help workers acquire new skills (Official Journal of the European Union 2021; European Commission 2020a, 2020b, 2020c).…”

Section: Introductionmentioning

confidence: 99%

An Entrepreneurial Perspective on the Transition of Lignite Rural Areas to a New Regime within a Suffocating Timeframe

Makris,

Apostolopoulos,

Anastasopoulou

2024

Administrative Sciences

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Timetables for energy transition vary across EU Member States. The planning for dealing with the consequences of the transition in affected regions also varies. Under the pressure of the ten-year economic crisis, Greece is one of the few countries that has committed to stop using lignite in electricity generation, achieving 80% by 2023 and definitively by 2028. Apart from its environmental impact, the country assessed using lignite in electricity generation as unprofitable and damaging to the Greek economy. Simultaneously, it formulated a national energy transition plan for the country’s lignite areas. The plan also provides support for existing enterprises and incentives for new enterprises. European and domestic financial instruments accompany the support incentives. The compressed timetable is ambitious and demanding, entailing risks of project failure. As one of the first Member State projects to be completed in 2028, its outcome will shape an ambient atmosphere, positive or negative, for other Member States’ projects as well. Based on the transition plan and the timelines to which Greece has committed, this research examines the reanimation of rural areas involved in lignite mining from the perspective of entrepreneurship and financial support instruments. The findings revealed that while there is strong social consensus around the design that incorporates best practices, the basis for the completion schedule has unrealistic elements that will have potentially negative consequences for the restoration of the areas that the energy transition affects. The present study highlights the risks for entrepreneurship that tight schedules pose in the context of lignite area redevelopment.

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“…Reducing the risk of poverty, intensifying the process of saving and investing at the level of individuals, the possibility of setting up and financing business, reducing the asymmetry of information on the financial market, establishing alternative job opportunities, feeding entrepreneurship, increasing the resilience of households to shocks are just some of the positive externalities of increasing financial inclusion by using a wider variety of specific products and services [22][23][24][25][26][27][28]. The higher participation of the population on the financial market is mainly due to the increase of the living standard but, recently, was pushed up by pandemic restrictions (lockdown, limited activities for consumers or on-line transactions, etc.).…”

Section: Introductionmentioning

confidence: 99%

“…On the other hand, "democratization of credit" or "easy credit culture" has led to a significant increase in the share of the population accessing credit through various channels, registering the excessive indebtedness of certain categories of people, generally those with a low degree of financial education and low income earners. The widespread use of mobile phones by the population has also led to the emergence of specific financial services such as mobile banking, mobile payments, money transfers, and mobile international remittance services [19,27,[31][32][33]. So, financial inclusion is a complex process that is also fueled by the involvement of public authorities, financial institutions, IT companies that come up with solutions for the digitization and secure of financial services.…”

Section: Introductionmentioning

confidence: 99%

Financial Inclusion Paradigm Shift in the Postpandemic Period. Digital-Divide and Gender Gap

Vasile

Panait

Apostu

2021

IJERPH

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Financial inclusion is strongly differentiated by age groups and countries and the pandemic has highlighted the increased gaps and inequalities but also the weaknesses of the system, in terms of flexibility, access and facilities of the customer-bank relationship and also from the perspective of the financial education of young generations and vulnerable people, active in the labor market. Based on the available data provided by the Global Findex database, and some findings after more than one year of COVID-19 crisis we outlined the main aspects of financial digitization, by categories of people and countries. At the same time, we identified the challenges and problems during the pandemic that significantly adjusted the consumption pattern of citizens and increased the need for on-line access for financial transactions. Starting from the analysis of the inequality of access to financial instruments in the last years, from the informational asymmetry in financial education and the challenges of the pandemic period, we underlined the main coordinates of changing the model of sustainable financial inclusion—based on five pillars—access, education, support tools, CSR and resilience. The research results highlight the need for convergence in providing opportunities to consider financial inclusion as a public good and an active tool to increase consumers’ satisfaction and the quality of life of individuals.

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The Architecture of Financial Networks and Models of Financial Instruments According to the “Just Transition Mechanism” at the European Level

Cited by 7 publications

References 10 publications

Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic

Finances and National Economy: Frugal Economy as a Forced Approach of the COVID Pandemic

An Entrepreneurial Perspective on the Transition of Lignite Rural Areas to a New Regime within a Suffocating Timeframe

Financial Inclusion Paradigm Shift in the Postpandemic Period. Digital-Divide and Gender Gap

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