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| Registros recuperados: 12 | |
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| Shams, Rasul. |
| This paper presents a critical assessment of the widely discussed concept of Islamic Economics. The two different interpretations of Islamic economics as the study of the functioning of an interest-free economy and the validity of moral values in the economy are discussed. It is shown that none of these interpretations can help to create an acceptable foundation for an Islamic economics. Far away from laying the foundation for such an economics the question is raised how an Islamic economy would function, based on the Islamic principle of controlling the Nafs. Microeconomics and macroeconomics of such an economy are analysed and its special features are compared to an economy functioning on the basis of laws devised by the conventional economic analysis. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Household behaviour; Unemployment; Moral values; Islamic economy; Consumer/Household Economics; Political Economy; D10; E24; P50. |
| Ano: 2004 |
URL: http://purl.umn.edu/26295 |
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| Shams, Rasul. |
| On January 1,1999 euro became the currency for 11 member states of the European Union. Since then the dollar-euro exchange rate has completed a full turning. Three years of depreciation of the euro followed by three years of appreciation without wild fluctuations asks for an explanation which would adequately account for the position of the euro as an emerging international currency. In this paper, first we present a concise summary of the theory of world money. Then we apply the theory to explain the development of the exchange rat of euro versus dollar in the subperiods 1999-2002 and 2002-2004. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Exchange Rates; Balance of Payments; International currency; Financial Economics; F3; F41; G15. |
| Ano: 2005 |
URL: http://purl.umn.edu/26228 |
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| Shams, Rasul. |
| The article is based on the idea that geographic proximity is an essential factor for international integration policies due to its impact on the intensity of bilateral foreign trade and growth rate. Development is analysed as a process of structural diversification, whereby the country in question runs through different stages encountering co-ordination problems at the structural change-over points. Natural integration of neighbouring countries around a pivot country is shown to be an alternative to protectionist and multilateral liberalisation policies fostering structural diversification and overcoming coordination problems. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade; Political Economy. |
| Ano: 1998 |
URL: http://purl.umn.edu/26210 |
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| Shams, Rasul. |
| The World Bank is a prestigious and large international financial institution. Since its foundation it has widened the scope and the size of its activities. One interpretation of what the World Bank is doing is the provision of public goods. If we take this interpretation seriously the comprehensiveness of the Bank's activity suggests that the Bank is assuming more and more the functions of a world government in the making. An alternative interpretation would look at the World Bank as a huge bureaucratic organization, acting on its own behalf. This interpretation can not be endorsed fully by the available information, but only in the sense of bureau-shaping. The Bank itself is proud of being a knowledge bank. But its actual activity is the popularization... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International lending; Economic development; Public goods; Interest groups; Financial Economics; F33; F34; G21; O1. |
| Ano: 2004 |
URL: http://purl.umn.edu/26380 |
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| Busse, Matthias; Shams, Rasul. |
| This article evaluates the trade effects of the new East African Community, which fosters trade liberalisation among Kenya, Tanzania and Uganda. The analysis uses a disaggregated approach at the two-digit level of the Standard International Trade Classification. The commodities that will be particularly affected by the customs union are identified. The results show that considerable trade effects cannot be expected, except for a very narrow range of products. The transitional fund, which has been proposed to counter trade imbalances due to the new customs union in East Africa, becomes less urgent from this perspective. |
| Tipo: Journal Article |
Palavras-chave: Customs Union; EAC; Kenya; Tanzania; Uganda; International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/23870 |
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| Busse, Matthias; Shams, Rasul. |
| The paper evaluates the economic necessity and political incentives of a transitional fund for the East African Community (EAC). The fund has been proposed to encounter trade imbalances which may arise due to the intended customs union in East Africa. Using a disaggregated approach at the two-digit level of the Standard International Trade Classification, the paper assesses the overall impact of the EAC on trade flows. Moreover, the commodities that will be particularly affected by the customs union are identified. The results show that considerable trade effects cannot be expected, except for a very narrow range of products. The need for a transitional fund becomes less urgent from this perspective. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Customs Union; EAC; Kenya; Tanzania; Uganda; International Relations/Trade; Political Economy; F15; F17. |
| Ano: 2003 |
URL: http://purl.umn.edu/26290 |
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| Shams, Rasul. |
| The EAC is on the verge of establishing a customs union. But this is accompanied by fears that the Customs Union would lead to trade imbalances among the Partner States, which would create serious problems for the proper functioning of the Customs Union itself. To mitigate these problems the establishment of a transitional fund is proposed. Based on a study of the trade effects of the Customs Union it is shown that these fears are unfounded, and the establishment of a transitional fund to address imbalances therefore not necessary. Stakeholders views on the establishment of a transitional fund are also analysed to assess their influence on the integration policy in the EAC. The historical background of the fears of a customs union is described and it is... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic Integration; Africa; Political Economy; International Relations/Trade; Political Economy; F15; O55; P16. |
| Ano: 2003 |
URL: http://purl.umn.edu/26261 |
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| Registros recuperados: 12 | |
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