The aim of this study is to examine the effect of Information and Communication Technology (ICT) development on country's scientific ranking as measured by H-index. Moreover, this study applies ICT development sub-indices including ICT Use, ICT Access and ICT skill to find the distinct effect of...

When it comes to trading time for money (or vice versa), people tend to be impatient and myopic. Often dramatically so. For illustration, half of people would rather collect $15 now than $30 in three months. This willingness to forego 50% of the reward to skip a 3-month wait corresponds to an...

We propose a new method of testing asset pricing models that relies on using quantities rather than prices or returns. We use the capital flows into and out of mutual funds to infer which risk model investors use. We derive a simple test statistic that allows us to infer, from a set of candidate...

This article describes the basic mechanism of non-cash payments in Uzbekistan. The analysis of operations by means of non-cash payment is carried out. On the basis of the analysis and evaluation of current situation, the identified problems, the appropriate recommendations and suggestions are...

This paper examines the current status and trends of the banking system of Uzbekistan, assesses the development potential of commercial banks and provides scientific and practical implications for improving the balance and stability of banking system of Uzbekistan based on the qualitative and...

For nearly a decade prior to the collapse of structured finance markets in late 2007, securitization by collateralized loan obligations (CLOs) was a key source of capital for the high-yield corporate loan market. In this paper, we investigate whether securitization was associated with risky...

The Arab Uprisings and their transformational impact across the Middle East and North Africa [MENA] have generated immense debate about the future of the region's countries during a period of re-organizational crisis in the international political economy. At this stage of the unfolding...

This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing published reports, we categorize what types of governance institutions are more detrimental to...

Economic growth and financial development are intrinsically related. Literature provides evidence that economic growth leads to financial development and financial development also leads to economic growth. The study analyzes this association between economic growth and financial development...