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The nature of Islamic banking and solvency stress testing : conceptual considerations
Jobst, Andreas A.; Solé López-Pinto, Juan - 2020
This paper provides a conceptual overview of key aspects of the design and implementation of solvency stress testing of Islamic banks. Based on existing regulatory standards and prudential practice, the paper explains how Islamic finance principles and their impact on various risk drivers affect...
Persistent link: https://www.econbiz.de/10012300622
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Resolution frameworks for Islamic banks
Awadzi, Elsie Addo; Chartouni, Carine; Tamez, Mario - 2015
Islamic banking is growing rapidly and its potential impact on global financial stability cannot be underestimated. International standards for resolving banks have evolved after the global financial crisis, culminating in the Financial Stability Board's ('FSB') Key Attributes of Effective...
Persistent link: https://www.econbiz.de/10011705119
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Can Islamic banking increase financial inclusion?
Ben Naceur, Samy; Barajas, Adolfo; Massara, Alexander - 2015
The paper analyses existing country-level information on the relationship between the development of Islamic banking and financial inclusion. In Muslim countries-members of the Organization for Islamic Cooperation (OIC)-various indicators of financial inclusion tend to be lower, and the share of...
Persistent link: https://www.econbiz.de/10014275783
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Islamic Banking
Mirakhor, Abbas - 1991
Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of Islamic banking. It covers developments in Islamic banking since the mid-1970s, how such banks...
Persistent link: https://www.econbiz.de/10014398242
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Safe asset demand, global capital flows and wealth concentration
Kim, Taehoon - 2021
contribution of this role to rising wealth concentration among American households. I highlight the following points: 1) financial … globalization raises wealth inequality in a financially-developed economy initially due to foreign capital pressing up domestic … households to reallocate wealth toward risky assets while impoverished households increase their debt. Wealth concentration …
Persistent link: https://www.econbiz.de/10012796314
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Public wealth in the United States
Gonguet, Fabien; Hellwig, Klaus-Peter - 2019
We analyze the US public sector balance sheet and project it forward under the assumption that current policies remain in place. We first document the history of the balance sheet and its components since World War II, with a detailed account of its evolution during and after the global...
Persistent link: https://www.econbiz.de/10012102086
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Heterogeneity and persistence in returns to wealth
Fagereng, Andreas; Guiso, Luigi; Malacrino, Davide; … - 2018
We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the …
Persistent link: https://www.econbiz.de/10011905850
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Household wealth and resilience to financial shocks in Italy
Garcia-Macia, Daniel - 2018
High household wealth is often cited as a key strength of the Italian economy. Both in absolute terms and relative to … income, the Italian household sector is wealthier than most euro area peers. A sizable fraction of this wealth is held by the … rich and upper middle classes. This paper documents the changes in the Italian household sector's financial wealth over the …
Persistent link: https://www.econbiz.de/10011905929
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The Design of Instruments for Government Finance in an Islamic Economy
International Monetary Fund - 1998
This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise of a risk-free rate of return are forbidden. Resources to finance government...
Persistent link: https://www.econbiz.de/10014400833
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Stabilization and Growth in an Open Islamic Economy
International Monetary Fund - 1988
Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and …
Persistent link: https://www.econbiz.de/10014396001