Considers the methods whereby income is likely to grow in developing countries, given imperfect information and the need for credit for investment. Looks at the link between financial intermediation and economic growth for nine countries between 1969 and 1992, using a financial intermediation...

Outlines the characteristics of a just financial system and compares the Islamic one with others. Lists the financial instruments which enable Islamic systems to deal with the prohibition of interest and some financial institutions. Notes the rapid increase of Islamic banks and financial...

Considers the implications of EMU and the introduction of the euro for European financial institutions and markets. Discusses the likely effects on interest rates, banks, stock/futures exchanges, asset allocation and the markets for bonds, equities and derivatives. Warns that financial markets...

Purpose The purpose of this paper is to evaluate the impact of the Digital Age on e-finance in five key areas: payment systems, cloud computing in financial services, valuation metrics for multisided platforms, quantum trading, cyber security – costs, benefits and protection....

Purpose – This paper aims to examine the post-merger changes in the credit risk profile of merging bank holding companies and tests whether there is an increase in credit risk after a merger due to changes in the mix of loans in the portfolio. Design/methodology/approach – The authors use...

Purpose In most financial institutions, chief risk officers (CROs) and their risk management (RM) staff fulfill a role in managing risk exposures, yet their lack of involvement in the governance has been cited as an influential factor that contributed to the financial crisis of 2007-2008....

Purpose – The purpose of this paper is to analyse the link between product-mix and bank performance with a comprehensive look at the contribution of each component of banking activities. Design/methodology/approach – The generalized method of moments estimation approach the authors apply to...

Purpose – The “raise your rate” (RYR) certificate of deposit (CD) allows investors to raise the rate on their CD to the current market rate over the life of the CD. The purpose of this paper is to present a binomial option pricing model to value this option to raise the rate. The model...

Purpose – The literature on corporate governance has experienced an explosive growth in the past decade and presented some new trends. One purpose of this paper is to make an exploratory survey of this. Since China is a typically emerging and transition economy, another purpose of this paper...

Reuters 3000 Xtra is a real‐time and interactive global news and financial information service that covers the equity market, bond market, foreign currency and money market, and various derivative markets. While there are hundreds of business schools in the USA, only a handful of schools have...