nep-ara New Economics Papers
on Arab World
Issue of 2010‒02‒13
two papers chosen by
Quentin Wodon
World Bank

  1. Money and Sustainability By Othman, Jamal
  2. Oil and the Eruption of the Algerian Civil War: A Context-sensitive Analysis of the Ambivalent Impact of Resource Abundance By Miriam Shabafrouz

  1. By: Othman, Jamal
    Abstract: This paper overviews the political-economics of FIAT and asset-based money. The paper further highlights the presumably syariah standpoint of the impartiality character of money as the fundamental factor that differentiates money from her conventional counterpart. The paper argues that while it is ideal for asset-based money to make a comeback in the interest of holistic wellbeing (maslahah) of humankind, it necessarily be complemented by an appropriate financial and regulatory system to safeguard its impartiality, i.e., viz, non-tradable, non-interest bearing, and non-debt financing to avoid the recurring pitfalls which are immanent in conventional financial system. It is hoped this rather concise paper will offer a thought provoking discourse on how syariah principles may present the world a useful ideological construct for a new monetary and financial architecture in light of the global financial crises.
    Keywords: Financial crises; Neutrality of money; FIAT money; Asset based money; Islamic perspectives of money; Financial regulatory system; Money and sustainability
    JEL: E42 Q56 E4
    Date: 2009–08–27
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:20294&r=ara
  2. By: Miriam Shabafrouz (GIGA Institute of Global and Area Studies)
    Abstract: Algeria’s intrastate war in the 1990s, during which militant Islamists and the state fought fiercely against each other, still raises questions concerning the decisive factors leading to its onset and escalation. This paper uses the resource curse approach and the rentier state theory to understand the impact resource wealth could have had on the outbreak of this violent conflict, then goes one step further, adopting a context-sensitive approach. This approach attempts to juxtapose those conditions directly linked to the resource sector with the general conflict-fueling conditions diagnosed in Algeria. It takes into account conditions both within the country and in the international context. The application of a context matrix allows us to examine the interplay of resource-related factors and other conflictdriving forces, such as socioeconomic, demographic and ideological changes. Such an approach not only broadens the general understanding of the resource-violence link but also enhances our understanding of the eruption of violence in Algeria.
    Keywords: Algeria, oil, civil war, resource curse, rentier state theory, context approach
    Date: 2010–01
    URL: http://d.repec.org/n?u=RePEc:gig:wpaper:118&r=ara

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