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Sacralizing Finance: Risk-Sharing Islamic Finance
2017This chapter argues that risk-sharing finance’s features of anti-fragility and a de-leveraged economy would lead to a stable financial system that would lead to just and equitable allocation and distribution of resources in an economy. Risk-sharing finance has the potential to enhance efficiency as each party to contracts has “skin-in-the-game,” thus ...
Zamir Iqbal, Abbas Mirakhor
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2023
To study risk in the financial industry, rather than using the concept as an analytic category, anthropological research should instead examine the multiple technical and political meanings it has in the highly standardized procedures used by financial professionals worldwide.
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To study risk in the financial industry, rather than using the concept as an analytic category, anthropological research should instead examine the multiple technical and political meanings it has in the highly standardized procedures used by financial professionals worldwide.
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Finance and risk: does finance create risk? [PDF]
Rajan has earned a well-deserved reputation for having been one of the few to have hypothesized in a famous paper presented at the 2005 Jackson Hole conference that a disastrous financial crisis could have occurred. The key thesis put forward by Rajan was that the radical changes that had taken place over the previous decades rendered the economic ...
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2014
While government-funded research is an important component in an innovative economy, particularly at the more basic levels, most innovation in advanced economies is funded by the private sector. Within the private sector, a large portion of research is conducted by established companies, while a smaller but arguably more innovative amount of research ...
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While government-funded research is an important component in an innovative economy, particularly at the more basic levels, most innovation in advanced economies is funded by the private sector. Within the private sector, a large portion of research is conducted by established companies, while a smaller but arguably more innovative amount of research ...
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1998
Long considered a part of economics, corporate finance has emerged as a separate field of study and the financial manager plays an important role in the maximization of the objectives of the firm. This chapter reviews the fundamental concepts of the investment and financing decisions facing the risk manager.
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Long considered a part of economics, corporate finance has emerged as a separate field of study and the financial manager plays an important role in the maximization of the objectives of the firm. This chapter reviews the fundamental concepts of the investment and financing decisions facing the risk manager.
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Financing Breakthroughs under Failure Risk
SSRN Electronic Journal, 2019In a dynamic principal-agent model, the principal, financing the project, cannot observe project failure and the agent, developing the project, can hide failure. As there is a tension between incentives for disclosure of failure and project development, the optimal contract does not reward failure and incentivize disclosure of failure during an ...
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Risk: From Insurance to Finance
Recent Developments in Mathematical Finance, 2001AbstractRisk and risk management are the most important concerns for insurance companies and financial institutions. In this paper, we will overview some of our research work on this area. In the insurance risk case, we will use ruin probability as a risk measure and discuss the issue of how to estimate it.
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