The Papers

What does a global financial market based on custodial relations look like? A critical appraisal of Islamic finance as a case study of social capitalism

This paper argues that the existing market in Islamic finance closely resembles Westbrook’s (2012) vision of social capitalism based on custodial regulation. However it also argues that the social benefits of presently existing Islamic finance appears rather slight, in large …
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Basel III and the strengthening of capital requirement: the obstinacy in mistake or why “IT” will happen again

Since the financial liberalisation of the 80’s, the Basel committee on Banking Supervision wants to strengthen banks’ apital and other stable funding with the purpose of increasing banks’ financial security, as stable funding increases the security of the non-financial business …
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So foul and fair a day: the prosecution of Standard Chartered, state-federal relations and the return of Banquo’s ghost

The State Government of New York has re-emerged as a pivotal broker of financial regulation. Enforcement action taken by the Department of Financial Services against Standard Chartered for violations of sanctions against Iran, as well as subpoenas issued by the …
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The financial market problems from some developing countries point of view and its policy implications

In this paper by utilizing institutional and evolutionary economics concepts and micro-meso-macro framework, first differences in the developing countries financial system have been identified with the acknowledgement of underdevelopment in information transition stages of states and laws, and the institutionalization …
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Commodity Price Volatility and Time varying Hedge Ratios Evidence from the Notional Commodity Futures Indices of India

This paper examines the price volatility and hedging behavior of four notional commodity futures indices which represents the relevant sectors like Agriculture (AGRI), Energy (ENER), Metal (META) and an aggregate of agricultural, energy and metal commodities (COMDX), retrieved from the …
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