Preface -- Nature and dangers of statism -- The government from a sharia perspective -- Sharia free market model -- Zakat : a mandatory redistributive principle of a Sharia model -- Fiscal policy from a sharia perspective -- Nature of money in sharia -- On the nature of inflationary financing --...

Oil price inflation may have had a significant role in pushing the world economy into its worst post-war recession during 2008–2009. Reserve currency central banks pursued an overly expansionary monetary policy during 2001–2009, in the form of low or negative real interest rates and...

Oil price dynamics during 2002-2006 have been characterized by high volatility, high intensity jumps, and strong upward drift, and were concomitant with underlying fundamentals of oil markets and world economy; namely, pressure on oil prices resulting from rigid crude oil supply and expanding...

Following record low interest rates and a depreciating US dollar, crude oil prices came under increasing pressure during the period 2003M5-2007M10. Oil price process parameters changed dramatically toward consistently rising prices. Short-term forecasting implied the persistence of the observed...