In the late 90's, after severe financial and economic crisis, accompanied by inflation and exchange rate instability, Eastern Europe emerged into two groups of countries with radically contrasting monetary regimes (Currency Boards and Inflation targeting). The task of our study is to compare...

I show that in noncooperative bargaining between two players with risk aversion, the more risk averse player always obtains a larger equilibrium payoff, after controlling for the other sources of advantage in bargaining e.g. patience and order of bargaining. I contrast my result with that of...

While claiming to develop Islamic economics as a social science based on the Qur'an and the hadith, Muslim scholars have actually ended up presenting ‘Islamic economic teachings' in modern jargon. Although it is a valuable contribution, yet they did not adjust the meanings and interpretations...

Most of the literature published under the nomenclature of ‘Islamic economics' deals with Islamic guidelines that address Muslims only. However, there is a vast area of economic subjects dealt in the Qur'an and (also hadith of the Prophet) that addresses the entire humanity in the form of...

The paper explores relationship of ethical behavior with material well-being (MWB) and happiness from Islamic perspective. The Qur'an discusses MWB under a broad concept of ‘rizq' and asserts that God distributes rizq among people. For understanding this general assertion, we speculate that...

Small and medium enterprises of the whole world today, constitute more than 90% of the whole business entities throughout the world. Small and medium enterprises play a tremendous role in any economy like Pakistan as Pakistan is strategically located on the most important trade route between...

This research aim is to study the impact of training on performance of employees. There are various factors like training, motivation, technology, management behavior, working environment, where each factor contributes to overall employee performance. Highly contributing factors are those having...