Based on a linear framework, this paper aims to examine the relationship between future spot rates and forward exchange rates using USD-TND data, thanks to traditional regressions and to the Vector Error Correction Model (VECM) in order to check if the Unbiasedness Forward Exchange Rate (UFER)...

Hundreds of studies have always shown that the forward premium is a biased predictor of the future change in the spot exchange rates; they have all tested major currencies with the exception of a recent research that has been undertaken in 2010 by Frankel and Poonawala and which instigates us to...

Purpose This paper aims to explain the nature of the economic agent in Islamic economics. He is commonly referred to as Homo Islamicus. Design/methodology/approach This is done by deriving the concept from the Qurʾān as the primary epistemological source in Islamic economics. The paper, thus,...