This study focuses on the shariaa compliant screening methods that are practiced by prominent Islamic finance users in terms of qualitative and quantitative screening. This research uses the comparative analysis to recognize the similarities and differences of methods among 15 users. Analysis...

We model the dynamics of risk premia during crises in asset markets where the marginal investor is a financial intermediary. Intermediaries face an equity capital constraint. Risk premia rise when the constraint binds, reflecting the capital scarcity. The calibrated model matches the...

Financial instruments portfolio represents their combination performed depending on the investor's behavior towards risk and, ofcourse, the capital that is willing to invest in a certain time frame. Realizing a financial instruments portfolio aims to create diversification of investments that...

The first part of the article deals with the concise presentation of main European funds, the poor preparation of absorption of these funds in Romania during the period of pre- and post-adherence and a few statistics regarding the rate of absorption placed under the level of 10 % of some funds...

Pakistan’s pension system is in the process of increasing funding in anticipation of providing for a growing elderly population. Regulations require that these pension assets be invested domestically. In this paper, we quantify how diversification of the pension funds to include world...

Pakistan’s pension system is in the process of increasing funding in anticipation of providing for a growing elderly population. The pension assets are mainly invested domestically, as it was just in January 2007 that regulations changed to allow the purchase of international assets. In this...

Clearinghouses support financial trades by keeping records of transactions and by providing liquidity through short-term credit that is periodically cleared by participants. We study efficient clearing arrangements for formal exchanges, where traders must clear with a clearinghouse, and for...

The history of public debt reflects the cumulative effect of fiscal decisions and real outcomes in the economy. In the South African case the published record on public debt distorts the historical perspective on the associated fiscal decisions. This note shows the impact of adjusting the South...

We contribute to the knowledge about the capital flow from institutional investors, via Venture Capital (VC) funds as intermediaries, to their final destination, entrepreneurial ventures. Therefore, we run a world-wide survey among 1,079 institutional investors to determine the importance of...