This study attempts to investigate the effects of cultural origin on the saving behaviour of immigrants in the United Arab Emirates (UAE). Using household survey data covering 3206 households, savings rates are found to be remarkably different across households from different countries/regions....

African countries have accumulated substantial foreign currency reserves in recent years, mostly from higher commodity exports as well as aid flows. In the context of macroeconomic stabilization, which remains at the forefront of national economic policymaking and aid conditionality, African...

This paper investigates the role of economic transformation in the form of increased manufacturing share in aggregate output in accelerating growth and reducing growth volatility in Africa. Using cross-section time series data from 50 African countries, the paper examines the key determinants of...

This article examines the practice, problems and potential of Islamic banking inSudan. The study demonstrates an unprecedented decline in both financial and real variables. It argues that the activities of Islamic banks in the country are constrained by the macroeconomic environment in general...

This study uses survey data to examine the operations of the agrarian credit market,formal and informal, in Sudan under conditions of recent economic liberalization and Islamization; the latter does not allow interest rate fixing. In addition to descriptive analysis, the study specifies and...

Diversification of production and exports is critical for African countries to promote sustainable growth and economic transformation. This paper empirically explores the long-run determinants of export diversification by estimating a cross country regression model using a panel of 53 African...

This paper examines the causes and policy implications of the 1997-98 financial crises in East Asia from an Islamic perspective. The paper suggests that the crises may be better understood as consequences of internal contradictions in the interest-based financial system as regards risk and...

This paper examines the structure and performance of the financial sector in Sudan and its role in poverty alleviation. The Sudanese financial sector is largely rudimentary and dominated by banks that are extremely small, generally under capitalized and concentrated in big cities. Despite the...

The study analyzes the experience of Sudan with monetary policy before and after the full adoption of Islamic modes of finance in 1990. It will result in better understanding of the opportunities and constraints arising from economy-wide adoption of Islamic principles of finance.