Author/Editor: Abbas Mirakhor, S Nuri Erbas.

Release Date:September, 2007

With cross-section data from 53 emerging and mature markets, we provide evidence that equity premium puzzle is a global phenomenon. In addition to risk aversion, equity premium may reflect ambiguity more...

Author/Editor: Abbas Mirakhor, Iqbal Mehdi Zaidi.

Release Date:December, 2006

This paper attempts to set out the principal issues that need to be resolved in formulating a proposal for quotas and voice reform in the IMF that could command broad support. Following John Rawls, more...

Author/Editor: Abbas Mirakhor, Iqbal Mehdi Zaidi.

Release Date:September, 2004

This paper studies the implications of foreign currency deposits (FCDs) for international liquidity shortages in Pakistan. The analysis focuses on how the large volume of FCDs and the specific more...

Author/Editor: Abbas Mirakhor, Mohsin S Khan.

Release Date:September, 1991

Islamic banks are prohibited from charging or paying interest, and thus can operate only on the basis of profit-sharing arrangements. This paper provides a brief survey of the theory and practice of more...

Author/Editor: Abbas Mirakhor, Zubair Iqbal.

Release Date:March, 1987

This study was prepared by Zubair Iqbal of the Middle Eastern Department and Abbas Mirakhor of the Research Department. To collect information and views for the study, the authors held discussions more...