This paper investigates risk and stability features of Islamic banking using a sample of 553 banks from 24 countries … lower credit risk than conventional banks. In terms of insolvency risk, small Islamic banks also appear more stable …

perform a risky activity and who are heterogeneous in terms of success in their actions. Although some agents have high-risk … and others low-risk, our model displays a dynamics with cooperatives in which agents share equally their income with a … model: when agents are risk averse, high success agents can share with low success agents so that to stabilize the value of …

This paper explores risk-sharing and equilibrium in a general equilibrium set-up wherein agents are non … counter-example. Finally, if there is no-aggregate risk, we show thatnon-empty core intersection is enough to guarantee that …

This paper explores risk-sharing and equilibrium in a general equilibrium set-up wherein agents are non … counter-example. Finally, if there is no-aggregate risk, we show that non-empty core intersection is enough to guarantee that …

We study the existence of equilibrium and rational bubbles in a Ramsey model with heterogeneous agents, borrowing … existence of equilibrium in the Ramsey model. In the second part of the paper, we address the issue of rational bubbles and we …

second regime occurs, we say that the economy experiences a temporary bubble. We show the existence of temporary bubbles, and … we prove that cyclical equilibria may exist. In these equilibria, the economy experiences some periods without bubbles … and some periods with bubbles. We also show that monetary creation can be used in order to eliminate temporary bubbles. …

We study the existence of equilibrium and rational bubbles in a Ramsey model with heterogeneous agents, borrowing … Ramsey model. In the second part of the paper, we address the issue of rational bubbles and we prove that they never occur in …

) bubbles can arise. From a normative point of view, monetary policies that are not too expansive, are recommended in order to …

the fundamental asset value and the recurrent presence of autonomous deviations or bubbles. Such a process can be … common procedure in the presence of localizing parameters. This methodology allows to detect the presence of bubbles and …

market. We find that the existence of bonus contracts does not increase the likelihood of bubbles but it affects their …, both mispricing and asset turnover are lower when the pool of traders is more risk-averse. …