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Materias / palabras clave: Philosophy. Psychology. Religion: Islam. Bahai Faith. Theosophy, etc. Islam; Social Sciences: Finance

Materias / palabras clave: Negocios y economía; Dinero y política monetaria; Chile; Business and Economics; Money and monetary policy; Economía; General; Economics

Materias / palabras clave: islamic monetary policy, islamic economics, islamic finance, financial inclusion, waqf; Philosophy. Psychology. Religion: Islam. Bahai Faith. Theosophy, etc. Islam; Social Sciences: Finance

Purpose — This study examines the nonlinear effect of Economic Policy Uncertainty (EPU) on China’s Renminbi (RMB) exchange rate. Methods — Based on the monetary model of exchange rate determination and the behavio...

Purpose — Adopting an asymmetric approach, this study analyses the impact of economic and monetary uncertainties on money demand within an open-economy framework for Pakistan. Its primary objective is to assess whether...

Тaking into account the specific features of the Macedonian economy, as a small, open economy with a fixed exchange rate, the goal of this research is to contribute to the discussion of whether countries with ...

The aim of this paper is to test the impacts of oil price increases on monetary policy implementation in the largest oil importers. For that purpose, we estimate structural vector error correction (SVEC) models to sh...

The aim of the paper is to determine the interdependency of both balance of payments and fiscal deficit in the context of liberalized systems of capital flows with mainly stabile and appreciated exchange rate and their i...

Reversing the effects of agricultural resource degradation – and its implications for ecosystem services (ESS) – require targeted policy action. Comprehensive and consistent estimates of the magnitudes and monetary v...

Among several contributions, Carl Menger proposed a division of economic goods in orders. This sets the foundations for the Austrian capital theory, usually maintained as a complex of higher orders goods in a production ...

For each country, joining the union is a unique process, considering advantages and disadvantages which a country can thus obtain. In order to fulfill conditions for the EU accession, transition countries must achieve di...

Globalization is a process of world economic integration which leads to the global economy without borders. The paper estimates the impact of globalization on economic growth in the case of European Mone...

The relevance of the research is explained by the contradiction between the availability of forest resources, the demand for timber materials, and the low economic efficiency of their use, conservation, and reproduction....

This paper examines the causal relationship between interest rate differential (IRD) and international short-term capital flow (SCF) to determine whether such a relationship in China supports the Mundell-Fleming model. W...

Purpose — This paper examines the relationship between South Africa’s rising public debt and real exchange rate (RER) volatility. Over the past two decades, the country has experienced an alarming increase in externa...

The mobility of factors of production from the very beginnings of the theory of the optimal currency area (OCA) stands out as one of the primary mechanisms for achieving a balance of payments, i.e. sustainability of th...

The paper aims to examine Croatian import demand elasticities to changes in income and relative prices while allowing time variation in parameters of import demand. Data sample consist of quarterly time series...

I use a new technique to derive a closed-form solution for the price of a European call option on an asset with stochastic volatility. The model allows arbitrary correlation between volatility and spotasset returns. I in...

This paper uses an intertemporal general equilibrium asset pricing model to study the term structure of interest rates. In this model, anticipations, risk aversion, investment alternatives, and preferences about the timi...

This paper shows that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits. Investors face privately observed ris...

One of the problems which has plagued those attempting to predict the behavior of capital markets is the absence of a body of positive microeconomic theory dealing with conditions of risk. Although many useful insights c...

Materias / palabras clave: Bond; Bond market; Stock (firearms); Bond market index; Equity (law); Financial economics; Economics; Stock market; Business; Econometrics; Monetary economics; Finance

ABSTRACT We use data on ownership structures of large corporations in 27 wealthy economies to identify the ultimate controlling shareholders of these firms. We find that, except in economies with very good shareholder pr...

Stiglitz and Weiss explain credit rationing in markets with imperfect information.