scholarly journals The Macroeconomics of Financial Speculation

2021 ◽  
Author(s):  
Alp Simsek
Keyword(s):  
Financial Speculation

ISLAMIC COMMERCIAL LAW

1997 ◽  
Vol 14 (3) ◽  
pp. 17-37
Author(s):  
Mohammad Hashim Kamali
Keyword(s):  
Risk Reduction ◽  
Basic Question ◽  
Depth Information ◽  
Commercial Law ◽  
Other Hand ◽  
Legal Perspective ◽  
Financial Speculation ◽  
The Subject ◽  
Options Trading

This essay is presented in two sections. Section one is devoted to amarket analysis of options, and section two to a Shari'ah perspective onoptions trading. There is no real shortage of information in the operationalprocedures of options and the various ways in which options areutilized as trading vehicles and hedging and risk-reduction devices. Onthe other hand, there is a shortage of in-depth information analyzingoptions trading from the perspective of the Shari'ah. The second part ofthis essay is tentative, in part because certain aspects of the issue needfurther development and research. The literature on the subject is in itsearly stages and has not reached a stage where consensus on issues canbe identified. This is borne out perhaps by the divided opinion that wehave at present over the basic question of the validity or nonvalidity ofoptions from an Islamic legal perspective. I shall review these twoopposing currents of opinion in due course. Suffice it here to note thatthis presentation does not seek to advocate the validity of those varietiesof options which either directly or indirectly proceed on the charging offixed interest to accounts. This may be said to be one of the distinctivefeatures of the Shari'ah perspective on options-just as it is of all varietiesof commercial transactions in Islamic law.My review of the mechanics of options trading in the first section ofthis essay broadly indicates that options trading does not proceed oncharging of fixed interest, nor does it involve unwarranted risk takingand uncertainty (gharur). Options trading has a logic of its own, whichis dominated by the idea of risk reduction and hedging against excessivelylarge positions in its underlying assets. From the perspective ofIslamic law this aspect of options is attractive and hence, from this perspectiveI make the case for the legality of options. I may also add herein passing that options trading cannot be equated with gambling or overindulgencein financial speculation. as it is basically designed to ...

Connectivity in the Multi-Layered City: Towards the Sustainable City

2011 ◽  
Vol 36 (2) ◽  
pp. 24-35
Author(s):  
Bob Brown
Keyword(s):  
Global City ◽  
Global Network ◽  
Alternative Form ◽  
Recent Experience ◽  
Sustainable City ◽  
Late 20Th Century ◽  
Financial Speculation ◽  
A Site ◽  
The City ◽  
Development Practice

A new urban paradigm, the global city, emerged in the late 20th Century finding acceptance in discussions of urban development. Tied into a global network of exchange, it exists principally as a place of financial speculation and transaction. It is marked by a parallel economy of culture, which underpins a re-conceptualisation and spatial re-formation of the city. Despite its widespread currency, criticisms have challenged its economic sustainability. Further questions have contested its tendency to impose a singular, homogenized space prioritizing consumption while marginalising other concerns. Post-independence Riga's recent experience provides a platform from which to critique the global city paradigm, which the city embraced as it sought to embed itself in the West not only politically but culturally and economically as well. In opposition to this model's intrinsic singular emphasis and exclusionary tendencies, this text will explore the concept of palimpsest; this proposition understands the city as a multiplicity of layers, within which convergences and divergences offer a site from which to generate synergies. This will be framed in reference to recent discourse on the sustainable city and development practice. Recent design-led inquiry situated in the context of Riga will then provide a lens on palimpsest as an alternative form of praxis.

scholarly journals The Ethics of Financial Speculation in Futures Markets

2013 ◽  
Author(s):  
Ingo Pies ◽  
Matthias Georg Will ◽  
Thomas Glauben ◽  
SSren Prehn
Keyword(s):  
Futures Markets ◽  
Financial Speculation

La crisi alimentare e la speculazione finanziaria sulle materie prime

2009 ◽  
pp. 63-79
Author(s):  
Giordano Sivini
Keyword(s):  
Futures Market ◽  
Insurance Companies ◽  
Food Crisis ◽  
Wall Street ◽  
Accumulation By Dispossession ◽  
Financial Speculation ◽  
International Prices ◽  
Investment Opportunities ◽  
Agricultural Futures ◽  
Long Time

- In this article the author analyses the factors that have produced the rise in commodities prices, making exasperated a food crises that has been creeping for a long time. The tightly correlated evolution in prices for both agricultural and non agricultural commodities has called the attention on a specific financial instrument, the commodity index, that connects them to the futures market where international prices are fixed. To the commodity index make reference the major banks in Wall Street to manage their financial liquidity and that of institutional investors (pension funds, foundations, insurance companies), looking for new investment opportunities after the sub-prime crises. The speculations on both sub-prime and commodities show that, independently from the perspectives of accumulation, the over accumulated capital increases the rent by dispossessing the living conditions of millions of people.Key words: food crisis; financial speculation on food; accumulation by dispossession; agricultural futures; sub-prime; commodities index.

“Working in the Next Present” in Aurora and New York 2140

2019 ◽  
pp. 170-188
Author(s):  
Robert Markley
Keyword(s):  
Artificial Intelligence ◽  
New York ◽  
Solar System ◽  
Sea Level ◽  
The Novel ◽  
Large Measure ◽  
Narrative Structures ◽  
Financial Speculation ◽  
Terrestrial Life

The final chapter considers Robinson’s two most recent novels, Aurora (2015) and New York 2140 (2017), that offer different visions of the future. Aurora drives a stake through the heart of interstellar romance by depicting the failed mission of a multigenerational starship to colonize another solar system. Narrated in large measure by the spaceship’s artificial intelligence, Aurora brilliantly experiments with the narrative structures of sf even as it explores the ecological and biogeographical limits of terrestrial life. New York 2140, in contrast, depicts the struggle for the city’s political and environmental future in a future where a sea-level rise of forty feet above today’s level has occurred and rampant financial speculation still drives a capitalist worldview. Rather than a dystopian struggle for survival, however, the novel offers a utopian comedy of political and ecological regeneration.

Peggy Guggenheim’s and Bryher’s Investment

2020 ◽  
pp. 97-117
Author(s):  
Julie Vandivere
Keyword(s):  
Mina Loy ◽  
Financial Investments ◽  
Financial Speculation ◽  
Wealthy Women

“Peggy Guggenheim’s and Bryher’s Investment: How Financial Speculation Created a Female Modernist Tradition” focuses on the patronage of two wealthy women, Peggy Guggenheim and Bryher, in order to examine how these patrons shaped modernism produced by women. The chapter also considers other female modernists such as H.D. and Mina Loy. I examine how modernist patronage required both a living subsidy and a willingness to provide pipelines to publication. Further, I argue that in these two cases, the source of the money helps predict the mode of patronage and ultimately the canon; the patron’s literary and artistic investment replicates the financial investments from which they derive their fortunes and predicts their willingness to underwrite experimental projects.

It Was Cotton Money Now

2017 ◽  
Author(s):  
Elizabeth M. Holt
Keyword(s):  
Real Estate ◽  
Stock Markets ◽  
The Novel ◽  
Apartment Buildings ◽  
Financial Speculation ◽  
The World ◽  
Cotton Fields ◽  
War Bonds ◽  
Egyptian Cotton

Yaʿqūb Ṣarrūf’s first foray in the novel genre, Fatāt Miṣr (The Girl of Egypt) was serialized as a literary supplement to Al-Muqtaṭaf over the course of 1905. A tale of finance capital’s restless wandering in Egyptian cotton fields, Cairo apartment buildings, Japanese war bonds, and the stock markets of the world -- from London, to St. Petersburg, Tokyo and back to Cairo --, Fatāt Miṣr met with critical praise upon its initial publication. Soon forgotten, the novel has been left unread by Arabic literary critics, despite the prescient augury it held for how a culture of speculation in Arabic would culminate in Egypt less than two years later in the stock and real estate crash of 1907. Indeed, the plot of Fatāt Miṣr owes much to Ṣarrūf’s own personal financial speculation in Egyptian land.

Sign in / Sign up

Export Citation Format

Share Document