Sir Walter Scott's first novel, Waverley enjoyed tremendous popularity upon its first
publication. The novel is set during the Jacobite Rebellion of 1745, which sought to restore …

ABSTRACT A wide variety of statutory and common law doctrines in American law evidence
hostility towards speculation. Conventional economic theory, however, generally views …

Rational expectations models have become a staple of economic theory and the basis for a
Nobel Prize. This article argues that rational expectations analysis suffers from potentially …

The Islamic finance industry faces the challenging task of attempting to reconcile the risk
management demands of business entities with the difficulties posed by the seemingly rigid …

The examination of the topic of market risk management in Islamic finance is a complex
endeavour. At a basic level, the subject matter, being multifarious in a manner that mixes …

Australians have over $1 trillion invested in fiduciary products such as pension funds (ABS,
2006a). Since the early 1980's, the policies of successive governments have compelled …

The paper examines strands related to speculation. Some of the common criticisms and
benefits of speculation were discussed. Additionally, distinction between investments …

This study explores the contemporary practice of Ethical and Socially Responsible
Investment and concludes that it is based on an ad hoc construct of empirically derived …

Although widely used, both the Markowitz model and VAR (Value at Risk) model have some
limitations in evaluating the risk and return of stock investnent. By the analysis of the …

The aim of this paper is to examine the determinants of interest rates on high yield bonds. To
that end, a model describing the forces driving the high yield market is derived. Equilibrium …