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For well over a decade many observers had warned that the European Union was ill-prepared in case of a financial storm because its market integration far outpaced its policy integration. This situation was well known to policy-makers but it was hoped that financial crises would wait until policy...
Persistent link: https://www.econbiz.de/10010861601
The post-crisis and regulatory changes face banks with a new framework, replacing financial performance at the heart of their model. With the exception of risks associated with proprietary financial transactions, effects of the structure of income on the profitability and the stability of...
Persistent link: https://www.econbiz.de/10010936383
Islamic and conventional investment funds have the same purpose. However, unlike conventional funds, Islamic funds offer different investment contracts and have to invest in accordance with a set of selection rules. This dissertation focuses on developing theoretical and empirical analysis...
Persistent link: https://www.econbiz.de/10011212048
We study the effects of a bank’s engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, short-term, capital constrained, and with...
Persistent link: https://www.econbiz.de/10011256147
Persistent link: https://www.econbiz.de/10010752111
Two models of default risk are prominent in the financial literature: Merton's structural model and Altman's non …-structural model. Merton's structural model has the benefit of being responsive, since the probabilities of default can continually be … probabilities of default, since asset values are unobservable and must be extrapolated from the share prices. Altman's nonstructural …
Persistent link: https://www.econbiz.de/10005162405
For well over a decade many observers had warned that the European Union was ill-prepared in case of a financial storm because its market integration far outpaced its policy integration. This situation was well known to policy-makers but it was hoped that financial crises would wait until policy...
Persistent link: https://www.econbiz.de/10010733993
Dans ce papier, nous avons analysé les liens possibles entre les indicateurs de supervision, de réglementation et les crises bancaires, nous avons construit alors différents indicateurs de supervision, de réglementation pour 40 pays développés et émergents. Nous avons appliqué un modèle...
Persistent link: https://www.econbiz.de/10010707353
This paper presents a theory for Islamic venture capital namely ‘Mudharabah’ contract under adverse selection problem. In order to avoid selecting a low type entrepreneur for a given good project, the framework defines the profit sharing ratio (PSR) as a screening device. We then develop a...
Persistent link: https://www.econbiz.de/10010707570
Persistent link: https://www.econbiz.de/10010707630