philosophy of risk sharing and strict rules governing its activities to be in line with Islamic Law (the Shariah), the industry … the risk taking in order to justify earnings. IFSIs may need to cooperate in developing risk management standards and … practices to mitigate risk that are unique to themselves as well as review the contracts and assets that may expose the IFSIs to …

In this paper, we develop a comprehensive analysis of diversification issues for Russian economy. Assessing … diversification for nine different variables, we show that choice of a variable affects the result much, and that, unlike a popular … defragmentation of economic growth, we account for labor productivity and labor availability separately, and show that these …

performances, by exploring under what conditions social expenditure is productivity-enhancing or not. Well-designed welfare states …

Credit risk is crucial to understanding banks' production technology and should be explicitly accounted for when … modeling the latter. The banking literature has largely accounted for risk by using ex-post realizations of banks' uncertain … outputs and the variables intended to capture risk. This is equivalent to estimating an ex-post realization of bank …

This paper examines the impact of transport infrastructure investment and transport sector productivity on South … rate, yet on the BVAR model it was influenced by inflation, domestic fixed transport investments, multi factor productivity …

productivity. Our aim is to test the hypothesis that subjective well-being contributes to productivity using a two step approach …: first, we establish whether subjective well-being can be a candidate variable to study Total Factor Productivity; second, we … assess how much subjective well-being contributes to productivity at aggregate level through efficiency gains. We adopt Data …