Many emerging market economy (EME) financial crises in the 1990s quickly spread to other countries. By contrast, immediate spillovers from the Argentina crisis in 2001/2002 appear to have been much more limited. Why do some crises spillover and others do not? In this paper we stress the joint importance of intra-EME linkages, related country-specific vulnerabilities and investor behaviour. This...

The Sukuk market has become the fastest growing segment of the Islamic financial services industry. Governments and other corporate entities have started tapping the local and international Sukuk markets in order to raise the required funds. The investor base is also expanding and Sukuk has now become a popular and obvious choice for retail investors in a number of jurisdictions. However, becau...

Contemporary economies of developing countries are changing due to rapid changes in the world economy. The emergence of international financial industry for worldwide network of transactions altered the role of international economy. Increased financial flows have altered the role of private capital and subsequently effect resource allocation. The economies of developing countries are witnessin...

Using Rawls's theory of justice, this paper addresses the empirical question of whether the socially responsible market economy can help explain the current situation in financial freedom, as well as its recent variation across countries. Utilizing annual data from selected countries of Middle East, North Africa, Asia and Oceania, and static panel estimation techniques, we provide evidence whic...

uncertainty inherent in the financial market was usually consid- ered to be random. however, randomness is only one special type of uncer- tainty and appropriate when describing objective information. for describing subjective information it is preferred to assume that uncertainty is fuzzy. this paper defines the expected payoof trading strategies in a fuzzy financial market within the framewor...

Knowing the defects in financial accounting management and putting forward corresponding strategies are helpful to improve the level of financial accounting management of enterprises. This paper discusses the defects in financial accounting management of construction enterprises, establishes financial risk prevention system, and explores corresponding strategies. It is shown that the establishm...

limited government resources, inadequate domestic bank resources and international financial restrictions are major obstacles to the implementation of infrastructure projects in the country and providing development programs. now the proceeds from the sale of crude oil are the main source of revenue for the country's infrastructure development. meanwhile, sukuk of istisna can prove their c...

The fast development in computing and communication has strongly changed the dynamics of financial markets. More people are trading online through the Web instead of using full-service brokerages. Many online financial services have given investors new opportunities to trade stocks and access real-time market information efficient way. But, very few investors in UAE are familiar and use these s...