We apply methods of quantum mechanics for mathematical modeling of price dynamics at the financial market. The Hamiltonian formalism on the price/price-change phase space describes the classicallike evolution of prices. This classical dynamics of prices is determined by ”hard” conditions (natural resources, industrial production, services and so on). These conditions are mathematically describe...

Increased globalization of financial and product markets has raised the interest of both market participants and regulators in the quality of financial reporting worldwide. The rise in the volatility of stock returns across the globe in the past couple of years has also been a concern. Could greater transparency in financial statement information reduce volatility and produce more accurate stoc...

Financial institutions see the Internet as an important channel and many have built websites to inform and attract customers. Financial aggregation services as represented by “Account Aggregator” present an opportunity by which financial institutions can build stronger relationships with customers. Account aggregation services began in the United States, but they are now widely used by financia...

Muslim-majority countries do not use formal financial services (Honohon 2007).1 Even when financial services are available, some people view conventional products as incompatible with the financial principles set forth in Islamic law. In recent years, some microfinance institutions (MFIs) have stepped in to service low-income Muslim clients who demand products consistent with Islamic financial ...

I. Introduction inancial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, technological advances and globalization. The changes included consolidation within and across markets, greater cross-border financial services provision, the emergence of new financial products and alternative wholesale markets and trading systems, ...

The fast development in computing and communication has strongly changed the dynamics of financial markets. More people are trading online through the Web instead of using full-service brokerages. Many online financial services have given investors new opportunities to trade stocks and access real-time market information efficient way. But, very few investors in UAE are familiar and use these s...