A baseline integration of commercial banks into the disequilibrium framework with behavioral traders of Charpe et al. (2011, 2012) is presented. At the core of the analysis is the impact the banking sector exerts on the interaction of real and financial markets. Potentially destabilizing feedback channels in the presence of imperfect macroeconomic portfolio adjustment and heterogeneous expectat...

In recent work (Gopinath and Stein 2017), we explore how a currency like the dollar can become entrenched as a dominant global currency, focusing on the two-way feedback between trade invoicing and banking structure. The basic idea is that when a larger share of a country’s imports are invoiced in dollars, its citizens have a greater demand for dollar-denominated safe claims. This in turn leads...

Money, the medium of exchange has seen significant transformation over centuries. In the last few hundred years, money has been regulated by banks. Such regulation of the flow of money in itself has become a money making venture becoming the main stay of several kinds of institutions including banking institutions. The paper focuses on the emerging trend of the use of mobile devices to facilita...

nowadays, new technologies have changed the methods of serving customers in many service organizations. service in the banking industry has been influenced by international communication technology (ict) developments in essential ways. nowadays the importance of websites and their unique features in provision of services to customers is increasing. however, traditional methods of banking with d...

islamic banking, as a major center for financial transactions in islamic societies,plays a key role in the development of islamic economics. the fundamental essenceof islamic banking system is based on the fact that although, islam has forbidden theinterest in transactions, but trade and profit is encouraged and supported. the actualimplementation of the islamic banking system due to its unique...

one of the strong points of islamic banking, compared to conventional banking system, is the bank's sharing of both profits and losses of  funded activities in the framework of collaborative agreements. the proper implementation of partnership facilities requires respecting religious as well as financial and economic codes. as shown by the evidence, the objections made against the activiti...