Banks are in the business of taking risks. The 3 pillars of Basel II capital accord highlight the crucial role of informative risk disclosures in enhancing market discipline. The specific role and responsibilities of the board of directors or supervisory boards in banking institutions continue,...

The aim of this paper is to examine whether Islamic finance could be an alternative to the traditional financial system and could guarantee stability in times of crisis. To this end, 78 Islamic banks in 12 countries have been studied over the 2004 to 2013 period. A series of bank-specific and...

We show that an American monetary shock wields an influence, though limited, over the Lebanese output in accordance with the literature advances. However, as we are waiting for a stronger transmission of U.S. short-term rates to Lebanese short term rates, we notice that this transmission is weak...

The financial market interest several researchers, especially in the domain of assessment of the financial assets and their performances. The previous research identified several anomalies of the market, as size, Monday, January, PER effects, etc. putting in question the notion of market...

The performance measurement of portfolio managers is a topic of major importance in finance. The utility of performance measures rests, indeed, on the hypothesis that funds whose performance is judged good (or bad ) in the past, will continue to display of good (bad) performances in the future....

The decision theory under risk or uncertainty has for object to describe the behavior of agents facing several uncertainty perspectives, waited that every agent is characterized by preferences that are him clean. As it is difficult to describe these preferences exhaustively, we try to represent...

The turmoil affecting capital markets since summer 2007 and its intensification since mid-September 2008 inflicted noticeable blows to the world economy. Although the high-risk real estate American market is believed to be the immediate source of such turmoil, these last years the euro-zone...

The aim of this paper is to show, jointly by means of theoretical and empirical studies and through the Pan-Arab Enda case installed in Tunisia, that the adoption of a policy of credit rationing makes it possible to cure the problems of information asymmetry and to ensure the performance of...

Research Question/Issue - The aim of this article is to analyse the different measures taken by the G7 and G20 leaders to face this crisis and to show whether such decisions represent a return to protectionism. Research Findings/Insights - We proposed the introduction of a new economic system...