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Understanding Islam: Development, Economics and Finance

Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; … - Volkswirtschaftliche Fakultät, … - 2013

In this paper, the foundational rules governing human, economic and financial development in Islam, as understood from the Quran and from the life and traditions of the Prophet Muhammad (pbuh), are summarized. These rules pave the path to development as the basis of institutional structure,...

Persistent link: https://www.econbiz.de/10011110896

On the pseudo-equilibrium manifold in semi-algebraic economies with real financial assets

Arias-R., Omar Fdo. - Volkswirtschaftliche Fakultät, … - 2014

The aim of this paper is to prove that if the consumption set of an economy with incomplete financial markets is semi-algebraic, then the corresponding pseudo-equilibrium manifold is also semi-algebraic. For this, we proceed by constructing an incomplete financial economy with real assets and...

Persistent link: https://www.econbiz.de/10011111134

Shipping Market Financing: Special Features and the Impact of Basel III

Sambracos, Evangelos; Maniati, Marina - Volkswirtschaftliche Fakultät, … - 2013

Shipping sector constitutes a sector with special characteristics that considerably differentiate it from the other sub-sectors of international transport. The maximisation of benefits for each one of the special market characteristics form a highly dynamic environment, with high risk of loss of...

Persistent link: https://www.econbiz.de/10011112142

Micro finance

Ramachandran, Ramakrishnan; Senthil Kumar, T. S. - Volkswirtschaftliche Fakultät, … - 2006

further adds to their burden and worsens their economic situation. Micro finance is the supply of loans, savings, and other … basic financial services to the poor. The idea of micro finance was developed as a survival strategy for the poor. In India … impact of micro finance in more than 24 countries have found dramatic improvements in household income levels. This paper …

Persistent link: https://www.econbiz.de/10011112151

Maroc gouvernance finance et développement

Jellal, Mohamed; Bouzahzah, Mohamed - Volkswirtschaftliche Fakultät, … - 2012

The purpose of preliminary is to present a broad agenda of theoretical and empirical modeling about the fundamental links between the quality of governance, financial development and economic development. The main theoretical predictions and evidence are of a large importance in terms of...

Persistent link: https://www.econbiz.de/10011112584

A Short-run Schumpeterian Trip to Embryonic African Monetary Zones

Simplice A, Asongu - Volkswirtschaftliche Fakultät, … - 2012

With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...

Persistent link: https://www.econbiz.de/10011112651

The impact of financial sector on innovation activity: theoretical background and new evidence from russian banking sector

Veysov, Alexander; Stolbov, Mikhail - Volkswirtschaftliche Fakultät, … - 2011

This paper is to summarize the literature on finance-innovation link and produce evidence that the development of …

Persistent link: https://www.econbiz.de/10011114096

Superstition and financial decision making

Hirshleifer, David; Jian, Ming; Zhang, Huai - Volkswirtschaftliche Fakultät, … - 2014

In Chinese culture, certain digits are lucky and others unlucky. We test how such numerological superstition affects financial decision in the China IPO market. We find that the frequency of lucky numerical stock listing codes exceeds what would be expected by chance. Also consistent with...

Persistent link: https://www.econbiz.de/10011114296

Bank Lending and Monetary Shocks: Evidence from a Developing Economy

Choudhary, Ali; Ali, Amjad; Hussain, Shah; Gabriel, Vasco J - eSocialSciences - 2012

This paper investigates the role of credit market frictions in the transmission of monetary shocks in Pakistan. First, using macro data, it is shown that banking spreads are countercyclical, even it is controlled for credit risk, monetary policy and potential maturity mismatches. It is found...

Persistent link: https://www.econbiz.de/10009493965

Cultural Proximity and Loan Outcomes

Fisman, Raymond; Paravisini, Daniel; Vig, Vikrant - eSocialSciences - 2012

Evidence is presented to show that shared codes, religious beliefs, ethnicity - cultural proximity - between lenders and borrowers improves the efficiency of credit allocation. In-group preferential treatment is identified using dyadic data on the religion and caste of bank officers and...

Persistent link: https://www.econbiz.de/10010567989