|
1-
|
Muhammad
Khalid Masud, Richard Thomas, "London Interbank Offered
Rate and Murabaha - Strange Bedfellows?" Islamic Banker
1 (October 1995): 11-12.
|
|
2-
|
Ibid.
|
|
3-
|
Adeel
Siddiqi, "De-Linking Islamic Finance from LIBOR,"
Islamic Banker 1 (October 1995): 12-13.
|
|
4-
|
Adeel
Siddiqi, "The Question of a Benchmark in Islamic
Finance," New Horizon 55 (September 1996): 4.
|
|
5-
|
Fahim
Khan, "Time Value of Money in Islamic
Perspective," International Institution of Islamic
Economics, International Islamic University, Islamabad.
|
|
6-
|
Mohsin
S. Khan and Abbas Mirakhor, "The Financial System and
Monetary Policy in an Islamic Economy," in Theoretical
Studies in Islamic Banking and Finance, ed. Mohsin S. Khan
and Abbas Mirakhor (Texas: The Institute for Research and
Islamic Studies, 1988).
|
|
7-
|
Kazuo
Ogawa and Shin-ichi Kitasaka, "Market Valuation and the
q-Theory of Investment," Institute of Social and
Economic Research Paper no. 383, Osaka University, July
1995, 1-38.
|
|
8-
|
Ricardo
J. Caballero and John V. Leahy, "Fixed Costs: the
Demise of Marginal Q," National Bureau of Economic
Research Working Paper Series No. 5508, March 1996, 1-19.
|
|
9-
|
Abbas
Mirakhor, "Cost of Capital and Investment in
Non-interest Economy," Islamic Economic Studies 4
(December 1996): 35-46.
|
|
10-
|
Fumio
Hayashi, "Tobin's Marginal q and Average q,"
Econometrica 50, 213-224.
|
|
11-
|
Mirakhor,
"Cost of Capital."
|
|
12-
|
Hossein
Askari and Zamir Iqbal, "Emerging Opportunities in
Islamic Financial Markets," Banca Nazionale del Lavoro,
Quarterly Review 194 (September 1995).
|
|
13-
|
Zamir
Iqbal, "Islamic Financial Systems," Finance and
Development 34 (June 1997): 42-45.
|
|
14-
|
Abbas
Mirakhor and Iqbal Zaidi, "Stabilization and Growth in
an Open Islamic Economy," International Monetary Fund,
WP/88/22, February 1988.
|
|
15-
|
Nurun
N. Choudry and Abbas Mirakhor, "Indirect Instruments of
Monetary Control in an Islamic Financial System,"
International Seminar on Mechanism and Development of
Islamic Financial Instruments sponsored by Bangladesh Bank
and Islamic Research and Training Institution, Islamic
Development Bank, Bangladesh, 14-16 May, 1996.
|
|
16-
|
Fumio
Hayashi and Tohru Inoue, "The Relation between Firm
Growth and q with Multiple Capital Goods: Theory and
Evidence from Panel Data on Japanese Firms," National
Bureau of Economic Research Working Paper No. 3326, April
1990.
|
|
17-
|
Although
marginal q is not observable, by employing time-series
techniques, Ogawa and Kitasaka defined marginal q as an
expected present value of the future productivity of capital
utilizing a stochastic process of discount factor and profit
rate. The study found that both the average q and marginal q
had a unit root, but the average q deviated from the
marginal q, and a cointegrating relationship was not
detected between the two q measures.
|
|
18-
|
Ogawa
and Kitasaka, "Market Valuation and the q-Theory of
Investment."
|
|
19-
|
Nadeem
ul Haque and Abbas Mirakhor, "The Design of Instruments
for Government Finance in an Islamic Economy," IMF
Staff Papers 1998.
|
