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Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial institutions are designed to support the process of accumulation of wealth, which is at the heart...
Persistent link: https://www.econbiz.de/10011185798
including Pakistan. Large masses living in this world particularly South Asian country (that is home to over one fifth of the … world’s population) is still striving for it. Pakistan, being a developing country, is no exclusion to that state. The … questionnaire from both rural and urban regions of district Abbottabad, Pakistan at HHs premises. The objective was to discover the …
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This paper discusses the existence of 'home' biases in the 19th century global capital market, whereby colonies appear to have received a 'disproportionate' amount of capital from their metropolis. Starting from a discussion of the Bulow Rogoff (1989) problem, we argue that imperial links...
Persistent link: https://www.econbiz.de/10005123494
We use hedonic prices and purchase quantities to consider what can be learned about household willingness to pay for baskets of organic products and how this varies across households. We use rich scanner data on food purchases by a large number of households to compute household specific lower...
Persistent link: https://www.econbiz.de/10005662137
What determines the sustainability of sovereign debt? In this paper, we develop a model where myopic governments seek electoral popularity but can nevertheless commit credibly to service external debt. They do not default when they are poor because they would lose access to debt markets and be...
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