I was recently reading a book about the implicit function theorem (IFT): The implicit function theorem: history, theory, and applications, and before that I learned that Peano's existence theorem can be used to prove the IFT (the existence of implicit functions); in this book, an idea of using the IFT to prove Peano's existence theorem (PET) is given:
Theorem 3.4.10 mentioned in it is as follows (with its proof):
where $d_{2}G(x,y)$ is defined as
Apart from this book, I haven't found other papers or books describing IFT to prove PET (maybe this view is of little value?), so I have to consult you here.
My questions are as follows: Is this proof of PET using IFT correct? If correct does this mean that IFT is equivalent to PET?