This paper disc;usses socioeconomic mortality differentials in Pakistan on the basis of data collected in 1979 from a nationally representative sample of over lO,OOO households in a survey carried out for the Population, Labour Force and Migration (PLM) project of Pakistan Institute of...

This paper disc;usses socioeconomic mortality differentials in Pakistan on the basis of data collected in 1979 from a nationally representative sample of over lO,OOO households in a survey carried out for the Population, Labour Force and Migration (PLM) project of Pakistan Institute of...

Banco Espirito Santo is a practical example of what the lack of proper audit oversight and the mismanagement from the owner can do. The company that has survived two world wars, political upheaval, economic transitions could not survive under the leadership of an autocratic business leader....

Islamic finance has experienced rapid growth globally, surpassing the USD 2 trillion mark in 2017. As a result, the literature related to Islamic finance and banking is rather rich. Despite the richness of the literature, our knowledge of the marketing issues related to Islamic finance is modest...

This paper develops a constant, data-coherent, error correction model for broad money demand (M3) in Greece. The model contributes to a better understanding of the effects of monetary policy in Greece, and of the portfolio consequences of financial innovation in general. The broad monetary...

Policymakers often express concern that herding by financial market participants destabilizes markets and increases the fragility of the financial system. This paper provides an overview of the recent theoretical and empirical research on herd behavior in financial markets. It addresses the...

This paper examines the interaction between capital flows and international reserve holdings in the context of increasing financial integration. For emerging markets the sensitivity of reserves to net capital flows was negative in the 1980s, but became positive after the Asian crisis when these...

The paper provides an overview of the profound and rapid changes in banking brought about by technology and deregulation, and discusses the hurdles that will have to be negotiated for putting in place the three pillars-capital adequacy rules, supervision, and market discipline-of the bank...