Articles

The Effectiveness of Macroprudential Policy in Developing Countries: A Systematic Literature Review of Its Impact on the Stability and Strategic Performance of the Banking Sector

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This study aims to evaluate the effectiveness of macroprudential policies in enhancing stability and strategic performance in the banking sectors of developing countries through a Systematic Literature Review (SLR) approach. The primary focus is to assess the extent to which various policy instruments—such as the Loan-to-Value (LTV) ratio, Countercyclical Capital Buffer (CCyB), and Reserve Requirements (RR)—contribute to mitigating systemic risk, reducing credit procyclicality, and influencing bank profitability and efficiency. Employing the PRISMA framework, the study analyzes 87 empirical studies sourced from Scopus, Web of Science, ProQuest, and EBSCOhost, published between 2010 and 2024. Thematic synthesis and bibliometric analysis using VOSviewer were conducted to synthesize the findings. The results indicate that macroprudential policies are generally effective in strengthening banking sector resilience to external shocks and curbing systemic risk accumulation, although their efficacy is highly contingent upon institutional capacity and policy coordination within individual countries. Furthermore, a trade-off emerges between systemic stability and operational efficiency: stringent macroprudential measures tend to dampen short-term profitability while enhancing long-term resilience. This research contributes to the literature on financial management and strategic banking by comprehensively integrating macroprudential and microprudential dimensions and offering policy recommendations tailored to the institutional and economic contexts of developing economies.

Socio-Economic Profile of Dairy Cattle Farmers in the Agropolitan Area of Tulungagung, Indonesia

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This study investigates the socio-economic profile of dairy cattle farmers in the agropolitan area of Tulungagung Regency, focusing on smallholder dairy farming in a developing country context. The research aimed to explore key factors such as the age, education, income, and farming practices of dairy farmers and assess their implications for local livelihoods and rural development. A quantitative approach was employed, utilizing a descriptive survey design and purposive sampling to gather data from six villages in the agropolitan area. The findings revealed that dairy farming is a primary livelihood for the majority of farmers, with an average milk production of 44 liters per day. Most farmers have extensive farming experience, but they face challenges such as limited access to capital and fluctuating feed prices. The study emphasizes the importance of improving the socio-economic conditions of dairy farmers through better access to education, financial support, and sustainable farming practices. The results highlight the potential of dairy farming to contribute to local economic growth and poverty reduction in developing regions.

Best Practices in River Water Restorations from Industrial Pollutions in Developing Countries

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The main problems faced by damaged rivers in developing countries are the deterioration of water quality due to the release of domestic and industrial pollutants and changes in hydrological processes caused by the construction of hydraulic structures. The main objective of this study was to provide an overview of the best river restoration methods for developing countries and outline the best process that can be used in planning the river restoration process. The study adopted the Preferred Reporting Items for Systematic Review and Meta-Analysis Protocols (PRISMA-P) and a literature review approach. This research identified the best river restoration methods that have been in use in developed countries and can be used by developing countries with similar economic and climatic conditions to restore their river resources. The study presents descriptions and conclusions useful for environmental restoration experts to understand better the processes and river restoration methods in developing countries. This research material groups the river restoration methods into physical, chemical, biological-ecological, and aquatic vegetation rehabilitation methods. The research also discusses the challenges likely to be faced while assessing a river restoration project’s success.

Innovating Vietnamese Education in the Context of Industrial Revolution 4.0: A Systematic Review

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The rapid advancements in technology brought about by the Industrial Revolution 4.0 are driving the need for significant changes in education systems worldwide. In this comprehensive review, we have analyzed the effects of Industry 4.0 technologies on education and examined the challenges faced by the Vietnamese education system in embracing innovation. Our search of major databases has yielded 12 relevant studies conducted between 2015 and 2022. The findings reveal that technologies such as artificial intelligence, big data analytics, the Internet of Things, and mobile learning have transformative potential. However, Vietnamese education is currently lagging behind in terms of digital integration and innovation. Challenges exist in areas such as curriculum development, teaching methods, infrastructure, teacher preparedness, and management mechanisms. To address these challenges, we recommend reforms to learning objectives, contents, and methods, as well as the training of teachers in digital competencies. Additionally, upgrading facilities and equipment, decentralizing school governance, and fostering international cooperation are crucial steps. It is imperative for Vietnam to comprehensively prepare for Education 4.0 in order to enhance its human capital and competitiveness. Furthermore, further empirical studies are needed to explore the implementation of educational innovations.