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Promotion of the urban informal sector has become the new strategy of development in the developing economies. This paper attempts a study of some of the important characteristics of this sector in the city of Cuttack and compares it with that of the formal sector. The major strengths of this...
Persistent link: https://www.econbiz.de/10005786980
Modern political economies are distinguished from each other by the institutions that mediate actors’ interactions, falling somewhere along a spectrum between pure market and non-market mechanisms. But how did these institutions originally emerge? With regard to the financial sector, I argue...
Persistent link: https://www.econbiz.de/10005786993
Access to finance is critical to successful development in Africa. This paper presents recent trends in various aspects … of development finance and provides a critical assessment of the costs of meeting the Millennium Development Goals in the …
Persistent link: https://www.econbiz.de/10005787117
institutional and contract theory literatures. The study that link finance and growth takes many dimensions. One of the dimensions … is law and finance view. In the beginning, the studies that link the former only look at the finance variables and …. market-based matters on growth. Islamic finance comes up with its distinctive contracts and products of profit-loss sharing …
Persistent link: https://www.econbiz.de/10005787199
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
The purpose of this exploratory and to some extent descriptive analysis is to highlight the Islamic banking & finance … for Islamic Financial Institutions (AAOIFI) and Islamic Finance Services Board (IFSB) have been formed. Due to these …
Persistent link: https://www.econbiz.de/10005789699
Due to the very large number of local units in the Republic of Croatia, the system of collecting income is mainly insufficient for quality and functional financing of public needs on the local and regional levels. It is therefore necessary to continue the search for new models of regulating...
Persistent link: https://www.econbiz.de/10005790118
This work presents a notion of residual income called Systemic Value Added (SVA). It is antithetic to Stewart’s (1991) EVA, though it is consistent with it in overall terms: a project’s Net Final Value (NFV) can be computed as the sum of capitalized EVAs or as the sum of uncapitalized SVAs....
Persistent link: https://www.econbiz.de/10005790189
This paper illustrates a procedure for fitting financial data with alpha-stable distributions. After using all the available methods to evaluate the distribution parameters, one can qualitatively select the best estimate and run some goodness-of-fit tests on this estimate, in order to...
Persistent link: https://www.econbiz.de/10005836427
This paper reports several entirely new results on financial market dynamics and option pricing We observe that empirical distributions of returns are much better approximated by an exponential distribution than by a Gaussian. This exponential distribution of asset prices can be used to develop...
Persistent link: https://www.econbiz.de/10005836619