All Outputs (3)

Financialisation of Islamic finance: a Polanyian approach on the hegemony of market logic over Islamic Logic (2024)
Journal Article
Asutay, M., & Yilmaz, I. (online). Financialisation of Islamic finance: a Polanyian approach on the hegemony of market logic over Islamic Logic. New Political Economy, https://doi.org/10.1080/13563467.2024.2424170

The significant rise of finance in emerging economies evidenced that financialisation is not limited to advanced economies. While financial capitalism spreads to every corner, financialisation appears in emerging economies in the form of variegated f... Read More about Financialisation of Islamic finance: a Polanyian approach on the hegemony of market logic over Islamic Logic.

Volatility Spillover Across Spot and Futures Markets: Evidence from Dual Financial System (2024)
Journal Article
Elsayed, A. H., Asutay, M., ElAlaoui, A. O., & Bin Jusoh, H. (2024). Volatility Spillover Across Spot and Futures Markets: Evidence from Dual Financial System. Research in International Business and Finance, 71, Article 102473. https://doi.org/10.1016/j.ribaf.2024.102473

This paper investigates dynamic returns and volatility spillovers between spot and futures markets in a dual financial system. It further analyses the shock transmission of both volume trading and open interest in the futures market. Empirical result... Read More about Volatility Spillover Across Spot and Futures Markets: Evidence from Dual Financial System.

Testing the Development Impact of Islamic Banking: Islamic Moral Economy Approach to Development (2024)
Journal Article
Avdukic, A., & Asutay, M. (2024). Testing the Development Impact of Islamic Banking: Islamic Moral Economy Approach to Development. Economic Systems, https://doi.org/10.1016/j.ecosys.2024.101229

Redistributive justice and stakeholder development have been central objectives of the Islamic moral economy for which Islamic banking was considered a facilitatory operational tool. Being its institutional form, the emergence of Islamic finance is,... Read More about Testing the Development Impact of Islamic Banking: Islamic Moral Economy Approach to Development.