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Shari’ah
From the Arabic شَرِيعَة (šarīʿa, literally “path, way”) and usually mistranslated as “Islamic law”, Shari’ah refers to the system of law, ethics,...
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Volatility-dependent probability weighting and the dynamics of the pricing kernel puzzle
In order to estimate volatility-dependent probability weighting functions, we obtain risk neutral and physical densities from the Pan (J Financ Econ...
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Applying Artificial Intelligence on Investigation
Investigation of alerted cases is the real operational cost for the business. Every alerted case has to be investigated and then a judgmental...
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Research Review of Bank Risk Aggregation
We divide the process of bank risk aggregation into four key aspects, and systematically review the research on bank risk aggregation under...
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Factor investing and asset allocation strategies: a comparison of factor versus sector optimization
Given the tremendous growth of factor allocation strategies in active and passive fund management, we investigate whether factor or sector asset...
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The Indirect Diversification Benefits of Investing in Japanese Firms: An Alternative Perspective
This paper examines the role of firm-level multinationality in equity portfolio diversification for Japanese firms from 1998 to 2015. We use a unique...
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Revisiting China’s Commodity Futures Market Amid the Main Waves of COVID-19 Pandemics
This study examines the impact of the global pandemic on the returns and volatility of China’s commodity futures market from December 2019 to April...
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Risk dynamics around restatement announcements
We investigate the dynamic nature and temporal daily changes in systematic (beta), as well as idiosyncratic and total risk around restatement...
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Dynamic interactions of actual stock returns with forecasted stock returns and investors’ risk aversion: empirical evidence interplaying the impact of Covid-19 pandemic
In this paper, we examine the dynamic relationship between actual stock returns, forecasted returns and investor risk aversion, where variables are...
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Narh
This entry explores the origin, history, and application of the Arabic concept of narh. The concept involves government agencies officially setting...
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The Macroprudential Shift: A Policy Pillar in the Making
The chapter examines the paradigm shift on prudential regulation that followed the 2007–2009 crisis. It outlines the origins of, and current...
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Volatility
Begin to enumerate and differentiate across types of volatility.
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Non-linear volatility with normal inverse Gaussian innovations: ad-hoc analytic option pricing
This paper proposes an approximate closed-form option-pricing model based on a non-linear GARCH process with Normal Inverse Gaussian (NIG) Lévy...
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The performance of the euro area banking system: the pandemic in perspective
This research explores the performance of the euro area banking system between 2002:Q3 and 2021:Q1 using banks’ return on assets as a gauge. It finds...
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Understanding Money
This chapter provides a comprehensive overview of the concept of money, tracing its evolution from commodity money in early societies to modern...
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Tracing the Sources of Contagion in the Oil-Finance Nexus
We introduce an approach to trace the genesis of contagion occurring in the oil-finance nexus, which consolidates veteran non-linear oil price...
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Ottoman Practices of Zakat (Obligatory Alms): A Tax or Charity?
Zakat (obligatory alms) has rarely been handled within the context of the Ottoman Empire. This paper explored collecting and distributing zakat in...
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Interest
This entry explores the historical development, definition, and theological approaches to interest. Throughout history, interest has been defined in...
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Is Cross-Hedging Effective for Mitigating Equity Investment Risks in the Indian Banking Sector?
Can the investments in securities devoid of futures be effectively hedged? If so, what is the best cross-hedging instrument? The study evaluates the...
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Socially Responsible Investment Funds (SRI)
This entry explores the concept and historical development of socially responsible investing in conjunction with the Islamic finance industry. SRI, a...