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Over the last few decades, the economy of Saudi Arabia has strengthened, as oil prices increased with the rebound in global economic activity. Despite this, vulnerabilities to a sustained decline in the oil price have increased. Executive Directors have commended the authorities for their...
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/methodology/approach – A partial comparison of both the UCP 600 and the Sharī'ah framework for documentary credit is given through the content …'ah resolutions of Islamic financial institutions, does provide a good framework for a Sharī'ah‐compliant documentary credit system …, though bearing mind that there are other frameworks for documentary credit systems such as the International Standby …
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This paper develops a model to investigate the welfare implications of barter in Russia and other transition economies … instability. When firms react to tighter credit markets by switching to barter, the risk they face diminishes, allowing for a …
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