The purpose of this study is to analyze the potential contribution of Islamic banking to
development of Halal tourism and the enhancement of local community welfare in rural area …

The'shadow banking system'at the heart of the current credit crisis is, in fact, a real banking
system–and is vulnerable to a banking panic. Indeed, the events starting in August 2007 are …

We survey the literature on securitization and lay out a research program for its open
questions. Securitization is the process by which loans, previously held to maturity on the …

Summary 1 A. Global Financial Stability Map 2 B. Global Deleveraging and Its
Consequences 5 C. The Crisis Has Engulfed Emerging Markets 10 D. The Deteriorating …

The Global Financial Stability Report (GSFR), published twice a year by the IMF, provides
timely analysis of developments in mature and emerging market countries and seeks to …

Emerging Asia has witnessed rapid growth of private housing and market-based housing
finance in the past decade; nevertheless, market development has been uneven across …

We analyze the impact of loan securitization on competition in the loan market. Using a
dynamic loan market competition model where borrowers face both exogenous and …

The financial deepening of economies has become one of the major dynamics
characterizing advanced economies. The ratio of global financial assets to global gross …

This book examines the controversial issue of securitization in a global, historical context. It
traces its origins and compares evidence of securitization across countries, linking …

In many Asian countries, government institutions have played an important role in
guaranteeing SME loans. Nevertheless, they have also exhibited lacklustre operating profits …