The recent global financial crisis once again revealed the harmful effects of interest-based contracts in the conventional financial system. Islamic finance, as an alternative financial system, discourages interest rate and debt financing. This paper investigates the effects of two financial systems, namely the conventional and Islamic systems, on macroeconomic variables. To achieve this goal, ...

BACKGROUND Financial distress due to the cost of cancer treatments is prevalent among cancer patients. Identifying the level of financial distress and its affecting factors has an important role in providing supportive services. Accordingly, the aims of this study were to determine these parameters among Iranian cancer patients. MATERIALS AND METHODS This descriptive-correlational study was u...

As a result of the Covid-19 pandemic, Indonesian economy has been severely affected. Surabaya city's contracted by -4.85% in 2020 and 2021 it grew to 4.29%. Surabaya's poverty rate is 5.23%, or 152,489, an increase just 5.02% from 2020. result, household consumption, mainstay economy, slowed significantly, impacting various performance sectors. Fiscal welfare important for governments accelerat...

Balance-sheet variables of firms have been characterized by greater volatility since the early 1970s. This Financial Immoderation has coexisted with the so-called Great Moderation, which refers to the slowdown in volatility of real and nominal variables since the mid 1980s. In this paper, we examine the divergent patterns in volatility by considering the role played by financial factors. To do ...

This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and macroeconomic factors that impact financial system deepening. We operationalize this framework using a bench...