Introduction and Overview -- Part 1: A history of mistrust and struggle: -- Oil and geopolitics in the 1970s and 1980s -- OPEC and the Roaring 1990s -- The 2000s: The Boom and Bust Cycles -- Part 2: OPEC and the New Reality -- A false dawn: Myths and Realities of OPEC’s power -- Technology and...

This book suggests that price volatility and speculation in the oil market originate from a decades-long process of financialisation. The author contradicts mainstream critical accounts of the market that typically invoke the notion of a global oil shortage and so-called ‘peak oil’...

1 Introductory Remarks: What’s behind the Recent Oil Price Drop? Naoyuki Yoshino and Farhad Taghizadeh-Hesary -- 2 Impact of Expansionary Monetary Policy on Crude Oil Prices Farhad Taghizadeh-Hesary and Naoyuki Yoshino -- 3 Which Side of the Economy Is Affected More by Oil Prices: Supply or...

The book shows the fundaments of the shadow banking system and its entities, operations and risks. Focusing on the regulatory aspects, it provides an original view that is able to demonstrate that the lack of supervision is a market failure

This book presents a new, inter-disciplinary framework of financial instability that builds on the Post-Keynesian model of financial crises in the tradition of Hyman Minsky and Charles Kindleberger. It reincorporates John Maynard Keynes’ insights on economic conventions to explain how market...

This book focuses on forward lease sukuk, which is one of the most viable and dynamic Shari’ah-compliant instruments in the Islamic capital market. The idea of forward lease sukuk is to raise funds from non-existent assets whose subject matter does not exist at the time of the sukuk issuance....

“This book provides an accessible, yet formal framework to understand how housing bubbles arise, their international dimension, their consequences, and ways to prevent them.” Òscar Jordà, University of California, Davis, USA “Basco’s analysis blends, in a very rigorous but enjoyable...

This proceedings volume presents the latest trends in innovative business development theory and practice from a global, interdisciplinary perspective. Featuring selected contributions from the 25th International Economic Conference Sibiu (IECS 2018) held in Sibiu, Romania, it explores various...

This Palgrave Pivot assesses the impact of the regulatory framework for derivatives built post-crisis and examines its ambition to centralize and minimize credit risk, enhance transparency, and regain control. Zelenko delves into the powerful destabilizing forces exerted by derivatives markets...

Occupational pensions are major participants in global financial markets with assets of well over $30 trillion, representing more than 40% of the assets of institutional investors. Some occupational pension funds control assets of over $400 billion, and the largest 300 occupational pension funds...