This paper aims to assess the level of departure of the actual black market rate from its real level. Our finding indicate divergence of the actual black market rate from the real level, ranging from 7% in October 2016 to about 38% in November 2017. This result imply 38% of the foreign exchange...

To assess the size of gold smuggling in Sudan we estimated scale inefficiency of operating mines in the country using primary data survey covering about 18 artisanal mines in the country during the year 2016. The output variable represent gold production of each state and the inputs represent...

Abstracts: This paper investigates the impact of covid-19 pandemic on stock markets behavior in Asia stock markets: Shanghai, Hong Kong , Japan, and Korea during the period 12/2/2019 to 13/3/ 2020. Results indicate evidence of two states that distinguish the behavior of the stock markets during...

This paper investigates the degree of association between major four crimes in Sudan, including illegal drug trafficking, murder, theft, and adultery, with indicators of institutional weakness that include surge in other four crimes: duty & customs, forger, passport, and firearms & ammunition...

This paper aims to evaluate the spillover effect of covid-19 shock on major global stock markets, including Shanghai, Hong Kong, Japan’s Nikkei, Korea, and Nasdaq stock markets, using daily data of stock prices during covid-19 pandemic period. Our findings indicate , while shocks on some of...

This paper aims to analyze the dynamics of foreign exchange markets in a country facing political uncertainty that prompts capital outflow from the country2. The economic environment under investigation is characterized by dual foreign exchange markets: a formal or official market for foreign...

The primary aim of this paper to evaluate the cost of deposit insurance premium and assess moral hazard effect in the banking sector in Sudan. The analysis of moral hazard in this paper is based on two types of risks, credit default risk, measured as the ratio of non-performing loans to the...

The study of volatility transmission across markets commonly termed “volatility spillover” provides useful insights into how information disseminates across markets. Research results in this area have useful implications for issues such as international or regional diversification and market...

The paper investigates formation of a charity bank based on the notion of Wagf (physical and financial assets endowment). The basic idea here is to manage and invest these endowments, and use its net earnings for zero interest loans and for food and shelter donation to the destitutes in the...

The primary aim of this paper to assess the output loss due to inefficient management of Sugar industry in Sudan. An industrial firm is scale inefficient if there is under utilization of production inputs. In this paper we employed nonparametric Data Envelopment Analysis (DEA) to estimate scale...