Studies upon impact of macro variables on firm’s dividend policy are very limited and specifically rare in Pakistan perspective. Main purpose of this research paper is to observe impact of restricted monetary policy on dividend behavior of Pakistani firms. During restricted monetary policy,...

Like many countries, Spain has gone through a series of financial crises, both before and after its industrialization. There are many underlying causes for these crises, as well as for the current Spanish downturn. It is worth noting that there are similarities between recessions throughout the...

The paper aims to synthesize the causes and factors that have given specific shape to the Great Depression in Bulgaria, its manifestation in the country (Part 1), its phases and forms (Part 2), as well as the subsequent structural change and trajectory of the Bulgarian economy and society (Part...

The paper aims to synthesize the causes and factors that have given specific shape to the Great Depression in Bulgaria, its manifestation in the country (Part 1), its phases and forms (Part 2), as well as the subsequent structural change and trajectory of the Bulgarian economy and society (Part...

This article reviews the first English edition of Prof. Jesús Huerta de Soto´s book `Dinero, Crédito Bancario y Ciclos Económicos´ which first appeared in Spain in 1998.

Globalization and strengthening of integration processes have, among other things, also influenced some solutions relating to monetary sovereignty of particular countries. A great number of transition countries as well as some other underdeveloped countries are facing both inefficiency in their...

This study, empirically, investigates the determinants of bank profitability. After including the regulatory variable into the model, I find no significant difference in bank profitability during pre-and post-capital regulation regime. Second, after employing NIM and ROA profitability metrics, I...

This study, empirically, investigates the determinants of bank profitability. Overall, I find that the Basel capital regime had no significant effect on bank profitability. This result is significant because it lends support to the view that modified Basel accord in different countries might be...

This study, empirically, investigates the determinants of bank profitability. Overall, I find that the Basel capital regime had no significant effect on bank profitability. This result is significant because it lends support to the view that modified Basel accord in different countries might be...

There is a broad consensus that financialization has brought many disadvantages and few benefits. This raises a simple question: How did it come about? Why did professional observers allow it to happen even though financialization was not a hidden process? Can we identify sources of legitimation...