Oil price inflation may have had a significant role in pushing the world economy into its worst post-war recession during 2008–2009. Reserve currency central banks pursued an overly expansionary monetary policy during 2001–2009, in the form of low or negative real interest rates and...

Following record low interest rates and a depreciating US dollar, crude oil prices came under increasing pressure during the period 2003M5-2007M10. Oil price process parameters changed dramatically toward consistently rising prices. Short-term forecasting implied the persistence of the observed...

Preface -- Nature and dangers of statism -- The government from a sharia perspective -- Sharia free market model -- Zakat : a mandatory redistributive principle of a Sharia model -- Fiscal policy from a sharia perspective -- Nature of money in sharia -- On the nature of inflationary financing --...

The authors of this timely book investigate various forms and measures of corruption, examine whether corruption is more acute in Persian Gulf countries than elsewhere, and illustrate the unique forms it takes in oil- and natural gas-rich economies. They also analyze the major factors that...