Islamic banking and finance are still an unfamiliar concept in India. The search for alternatives to conventional banking sheds spotlight on the Islamic banking but this seems to be an infeasible and unwanted burden to the Indian banking system. This paper attempts to understand the evolution,...

The authors employ panel Vector Error Correction Models (VECM) and cointegration framework to identify the existence and direction of the causal association between foreign direct investment (FDI) in financial services and financial development for 26 emerging economies for the period 2003-2015....

The paper analyzes the various structural solutions proposed by regulators in the US, UK and the European Union presented as the key to solving the problem of “too big to fail” (TBTF) banks. These come in three main varieties, one in the United States (the Volcker Rule), one in the United...

As the 2008 financial crisis spread globally, it became widely apparent that an essential ingredient to preventing future systemic crises was reform of the regulation of financial markets. Two ambitious initiatives for regulatory reform are the European Union's European System of Financial...

We survey recent research on emerging markets (EM) within the fields of economics, finance, international business and management. To do this, we reconfiguring the Journal of Economic Literature (JEL) classification system to provide a comprehensive list of the topics that have been studied, and...

In many ways, China is the new frontier for entrepreneurship; perceived to be: a logical primary source of economical manufacturing, raw materials, component parts, and as a major end market. China may also represent the most likely future competition for many American industries as well as our...

We present evidence that the level of financial development in FDI recipient countries systematically affects the spatial distribution of multinational corporations' (MNCs) sales. Using detailed proprietary survey data collected by the Bureau of Economic Analysis (BEA) on US...

Financial sector foreign direct investment in emerging market economies has surged over the past decade. While the benefits of heightened financial sector efficiency and better risk management are widely acknowledged, foreign ownership poses challenges for host countries due to the migration of...

We provide evidence that host-country financial development affects the global operations of multinational firms. Financially advanced economies attract more affiliates of U.S. multinationals. Financially developed host countries also feature higher aggregate affiliate sales to the local market,...

We survey recent research on emerging markets (EM) within the fields of economics, finance, international business and management. To do this, we reconfigure the Journal of Economic Literature (JEL) classification system to provide a comprehensive list of the topics that have been studied, and...