Showing 41 - 50 of 74
The relationship between economic development and income inequality is not neutral vis-à-vis the role of the financial system in responding to the needs of different categories of agents. Indeed, as shown by the literature of the persistent inequality (e.g. Banarjee and Newman, 1993; Piketty,...
Persistent link: https://www.econbiz.de/10011107422
This paper compares sharing (equity) and debt contracts in presence of moral hazard which manifests as the hidden effort undertaken by the entrepreneur. The originality of this paper relatively to the existing studies consists in performing the comparison between the two types of contracts while...
Persistent link: https://www.econbiz.de/10011163515
The book pinpoints the failure of conventional finance in providing inclusive growth to the world economies and explores the potential of Islamic Finance to generate equitable and sustainable economic development in the low income countries. This potential role of Islamic finance is discussed in...
Persistent link: https://www.econbiz.de/10011168648
This paper analyses the feasibility of profit and loss sharing (PLS) contracts in presence of moral hazard between the principal (financier) and the agent (entrepreneur). It shows that introducing a rule for sharing profits and losses in contingence with the outcome of the entrepreneur’s...
Persistent link: https://www.econbiz.de/10011258370
This paper builds a theoretical model based on Allen and Gale (2000) to analyse how unexpected shock affecting the banking assets in one region can generate bankruptcy in a second region. I also analyse the effect of the presence in a third region of an Islamic bank on the vulnerability of...
Persistent link: https://www.econbiz.de/10011260857
This paper compares profit sharing and debt contracts in presence of moral hazard. Its originality relatively to the existing studies consists in performing the comparison between the two contracts in a more general context. Firstly, the internal funds of the agent (entrepreneur) are enabled to...
Persistent link: https://www.econbiz.de/10011112169
The role of Microfinance in alleviating poverty and enhancing social development is increasing. However, Microfinance Institutions (MFIs) suffer from two important problems which undermine their growth. The first one is inherent to their exposure to information asymmetry (adverse selection and...
Persistent link: https://www.econbiz.de/10011112435
The role of Microfinance in alleviating poverty and enhancing social development is increasing. However, Microfinance Institutions (MFIs) suffer from two important problems which undermine their growth. The first one is inherent to their exposure to information asymmetry (adverse selection and...
Persistent link: https://www.econbiz.de/10011123458
The OIC intra-trade reached 17% in 2012 and the member countries have committed to increase it to 20% by 2015. The 5th OIC Consultative Group Meeting on enhancing OIC intra-trade recommended the establishment of Trade Finance Support Schemes, as one of the driving factors, to accelerate the...
Persistent link: https://www.econbiz.de/10011123481
The relationship between economic development and income inequality is not neutral vis-à-vis the role of the financial system in responding to the needs of different categories of agents. The literature on persistent inequality shows that taking account of the asymmetric impact of financial...
Persistent link: https://www.econbiz.de/10011208936