(case study: 2008 financial crisis) constancy of islamic banking against financial crisis

Update on the Financial Crisis of 2008–???

In an earlier paper in this journal (Murphy, 2009), I explained the nature of the financial crisis of 2008 and how the effects of it would be very costly long-term because of the failure of government policies to deal with it effectively. Here I provide an important update and perspective for the future. As I indicated in a brief report published in October 2008 in the Oakland Press (Murphy, 20...

Crisis Transmission: Global Financial Crisis

The aim of this paper is to explore, empirically, the channels of crisis transmission with regard to the Global financial crisis. EMP-based crisis proxy is used for eight countries, which include Argentina, Brazil, Canada, Indonesia, Japan, Korea, Mexico and Russia. The period considered for estimation was Q1 2001 Q2 2010. Based on the Vector AutoRegression (VAR) and Ordinary Least Squares (OLS...

Financial Structure and Financial Crisis

For many years the economies of South East Asia were regarded as models for economic development. The four tigers, Hong Kong, South Korea, Singapore and Taiwan, grew from low levels of income per head to among the highest in the world in a few decades. The newly industrializing economies of Indonesia, Malaysia and Thailand had also started to grow at an extremely rapid rate. The Philippines had...

Financial Stability in Islamic Banking System the Capacity to React to Current World Wide Crisis

 This paper investigates the financial stability, measured by z-score technique in Islamic banking system of 20 countries from 2000 to 2010. We compare the stability of Islamic banks to the commercial banks, before and after the financial crisis. The empirical results from panel estimation show that: a) the large Islamic banks are more stable than the large commercial banks and furthermo...

The Financial Crisis

AcADEMIC LIBRARIES are in crisis, and it appears that the larger the library, the larger the crisis. The major need for charting a course to a successful future is definition of fruitful objectives. Such objectives as library support of and coordination with its institution's programs are no longer sufficient; these rationalized goals of the past are inadequate for the future. To establish usef...

Financial market crisis and financial market channel