Mehar, Ayub (2006): Flow of portfolio investment among the Muslim countries: modelling and possibilities.
Download (91kB) | Preview
The objective of this study is to identify the thematic areas for cooperation among the Muslim countries in the field of portfolio investment. The study covers the investment principles of return maximization, risk minimization and diversification. The core area of the study is to explore the investment opportunities in Muslim countries through geographical and sectoral diversification to provide greater investment security, risk minimization and profit maximization. To identify the scope of Muslim world and the economic implications of the cross boarder portfolio investment are the natural ingredients of this study. In the beginning, the study summarizes the economic and financial issues of the Muslim world
|Item Type:||MPRA Paper|
|Original Title:||Flow of portfolio investment among the Muslim countries: modelling and possibilities|
|English Title:||Flow of portfolio investment among the Muslim countries: modelling and possibilities|
|Keywords:||Portfolio Investment; FDI; Financial Theory; Muslim World|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G11 - Portfolio Choice ; Investment Decisions
F - International Economics > F5 - International Relations, National Security, and International Political Economy > F59 - Other
F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment ; Long-Term Capital Movements
F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration
|Depositing User:||Ayub Mehar|
|Date Deposited:||16. Nov 2009 15:21|
|Last Modified:||09. Mar 2015 04:57|
Adler, M., and Temple J. (1988); “On the Optimal Hedge of a Non Traded Cash Position”, Journal of Finance, Vol. 53 (2), 143-153.
Aga Khan Foundation (2002); “State of the Higher Education in Muslim World”; Report Submitted to His Highness Prince Karim Aga Khan; London: 2002
ASK Securities, (Various Issues); “Economic and Financial Review”, Karachi, ASK Securities, Karachi Stock Exchange, Various Issues,
Bandt Olivier de and Jacquinot Pascal (1992); “The Financing of Corporate Firms in France – An Econometric Model”, Economic Modeling, Vol. 19(2), 253-269.
Barrow, Robert J. (1964); “The Stock Market and Investment”, Review of Financial Studies, Vol. 31 (2), 91-96.
Baumol, W. and R.E. Quandt (1965); “Investment and Discount Rates under Capital Rationing"” Economic Journal, Vol. 75 (3), 127-329.
Blanchard, Olivier J. (1981); “Output, the Stock Market and Interest Rates”, The American Economic Review, Vol. 71 (2), 132-142.
Bosworth, Barry (1975); “The Stock Market and the Economy”, Brooking Papers on Economic Activity, Vol. 75 (2), 257-300
Brackus D., Brainard W.C., Smith G., ant Tobin J. (1980); “A Model of US Financial and Non-financial Economic Behavior”, Journal of Money, Credit and Banking, Vol. 47 (12), 259-293.
Bresnahan, Timothy, Paul Milgrom and Jonathan Paul (1992); “The Real Output of the Stock Exchange”, in Zui Griliches, eds., Output Measurement in the Service Sectors, University of Chicago Press, Chicago.
Chaplinsky S. and Niehaus, (1992) “Inside Ownership, Leverage and Internal Funds”, Michigan: School of Business Administration, Working Paper, Michigan
Daniel Del Castillo, 2005; “The Arab World’s Scientific Desert: Once a leader in research, the region now struggle to keep up”, Foreign Policy Research Institute, Pennsylvania
Dawn (2004); “Statement by the Chairman Higher Education Commission”; Karachi: Dawn 28th November, 2004
Demsetz, H. (1983), “The Structure of Ownership and the Theory of the Firm”, Journal of Law and Economics, Vol. 26 (2), 375-390. Diamond, Peter (1967), “The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty”, American Economic Review, Vol. 57 (3), 759-773.
Fair, Ray C. (1979), “An Analysis of a Macro Econometric Model with Rational Expectations in the Bond and Stock Markets”, American Economic Review, Vol. 69 (2), 539-553.
Fischer, Stanley and Robert C. Merton (1984), “Macroeconomics and Finance: The Role of the Stock Market”, Carnegie–Rochester Conference Series on Public Policy, Vol. 21 (1), 57-108.
Government of Pakistan (Planning Commission), “MTDF: 2005-10”, Islamabad, Ministry of Finance.
Gunnar Mirdal (1975); “Asian Drama”; Reprint by the National Bank of Pakistan Karachi 1975.
Helen V. Milner (1998); “ International Political Economy: Beyond Hegemonic Stability”, Foreign Policy Spring 1999
Holmstrom, Bengt and Jean Tirole, (1993)“ Market Liquidity and Preference Monitoring”, Journal of Political Economy Vol. 101 (2), 678-709.
Huntington, Samuel P. (1994) “The Clash of Civilizations”; Boston: Harvard University Institute for Strategic Studies at Harvard University.
IMF Survey (1999); “Risk to the World Economy”,
International Chronicle, 2004, Volume 50, Issue 26 Page A36
Jeffery Sachs (2000); “A New Map of the World” The Economists June 24, 2000
Jensen, M. and W. Meckling (1976); “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure”, Journal of Financial Economics, Vol. 36 (4), 305-360.
Joseph E. Stiglitz (1999); “Trade and the Development World: A New Agenda”; Current History November 1999.
Karachi Stock Exchange (197), “Annual Report”, Karachi.
Laudan, L. (1977); “Progress and Its Problems. Towards a Theory of Scientific Growth”; Berkeley: University of California Press.
Makdisi, G. (1981); “The Rise of Colleges: Institutions of Learning in Islam and the West” Edinburgh University Press
Mehar Ayub (2004); “Socio Economic Positioning of Muslim World”; Journal of Humanities and Social Sciences (Paper Submitted); Karachi University
Mehar, M. Ayub K. (2005); “Monetary Policy, Prices and Financial Markets: Medium Term Development Framework 2005-10”; Islamabad: Planning Commission, Report submitted to the President of Pakistan.
Mehar Ayub (2005); “From Knowledge Creation to Economic Development: Missing Links in the Muslm World”; Journal of Management and Social Sciences; Vol 1, No.1
Modigliani, Franco and Merto H. Miller (1963); “Corporate Income Taxes and the Cost of Capital: A Correction”, American Economic Review, Vol. 53 (3), 433-443.
Myers, S.C. (1984); “The Capital Structure Puzzle”, Journal of Finance, Vol. 49 (3), 575-592.
Paul Krugman (1999); “Economic Culture Wars”; The Economist, October 24, 1999.
Stehr, N. (1994); “Knowledge Societies”; London: SAGE.
The Boston Group (2004); “Higher Education in Pakistan: Towards a Reform Agenda”; Boston: 2004
The Economist (1994); “World Bank Report on Education” The Economist March 5, 1994, P21.
The Economist, (1999); “Finance and Capitalism”; December 19, 1999 (Millennium Issue).
The Economist, (2004); “Islamic Banking in UK”; December 19, 2004
Tobin, J. (1958); “Liquidity Preference as a Behavior Towards Risk”, Review of Economic Studies, Vol. 25 (2), 65-86.
Tobin, James (1969); “A General Equilibrium Approach to Monetary Theory”, Journal of Money, Credit and Banking, 69 (1), 15-29.
United Nation Development Program (2000); “Higher Education and Developing Countries: Peril and Promise”, The World Bank/ UNDP, 2000
World Bank (1999); “Knowledge for Development”, World Development Report 2000.
World Bank (2000); “Changing World”, World Development Indicator 2000, World Bank.
World Bank (2004); “Science and Technology”, World Development Indicator 2004, World Bank.
World Link (2001); “ Corporate Responsibility”; March 2001.