Browsing by Author "Chabani, Madjid"

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    Evolution des produits financiers islamiques dans les marchés financiers émergents le cas des sukuks
    (2017) Benhamida, Hichem; Chabani, Madjid
    Cet article étude un échantillon du marché des produits financiers islamiques qui s'appellent le marché de sukuks. L'expérience de l'émission de ce type de produits est présenté avec leurs volumes d'émission en millions de dollars dans plusieurs pays d'émission, le marché de sukuk a réellement décollé au début de la décennie actuelle, par le biais d'une série d'obligations islamiques souverains émis en 2001 et 2002 par trois membres : de la Malaisie, de Bahreïn et du Qatar. Ces états broadcastsemissions, qui sont presque d'une forme de prosélytisme souverain, a servi comme ancrage (en ce qui concerne la structuration, relatives à la tarification et au sujet) pour la notation d'émissions ultérieures des émissions de sukuk, dominé comme pour eux par les banques et les sociétés industrielles. D'après les chiffres de KFH, le marché de Sukuk a décollé de 121.5 milliards de dollars en 2010 à 247,6 milliards de dollars en 2013. Cette hausse, cependant elle est impressionnante, est encore loin d'être égal à celle de la demande de Sukuk..
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    Gestion des taux de change: leçons a tirer pour les prochaines crises de change - L’experience de L’argentine (1991-2001) = The management of exchange rate : Lessons learned for the next crises of exchange - THE EXPERIENCE OF ARGENTINA (1991-2001)
    (Université M'Hamed Bougara Boumerdes /Laboratoire de recherche avenir de l’économie algérienne hors hydrocarbure, 2016) Chabani, Madjid; Abouderaz, Sofiane
    The Aim of this article to address the crisis of exchange experienced by Argentina in the late years of the nineties, because at that time of exchange followed the system, namely version funds regime between 1991 and 2001 it was the experience of Argentina of the most important experiences in the fight against hyper-inflation, as adopted in reducing inflation on the exchange-rate mechanism, through the adoption of the drainage system and the broker of the version type boxes so as to control the monetary version. It culminated in the three years that followed the application of this system a success in terms of inflation rates, decreased from 171.7% in 1991 to 4.2% in 1994, but with the occurrence of the Mexican financial crisis in 1994, suffered Argentina into financial trouble due to release funds system in itself and that made Argentine economy is very sensitive to external shocks, since a reduction in 1994 the Mexican peso, the Brazilian real in 1998, with the improvement in interest rates in the United States and the decline in unemployment in Europe and the United States in the mid-nineties. The global economic situation has created a kind of fear in the financial and monetary markets of a possible devaluation of the Argentine peso or the transition to a floating exchange rate. Wonder in this article all committed errors in setting rate policy in Argentina in 1991, and the extent of their contribution to the payment of the Argentine economy towards exchange crisis was possible avoided. This study help to clarify the weaknesses in the design and conduct of the exchange policy of the Argentine can even monetary policies and the policies of exchange-makers take advantage of them, and thus avoid falling into the same private exchange policy errors
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    The importance of adopting IFRS in emerging financial markets = في الأسواق المالية الناشئةIFRS أهمية تبني
    (Université M'Hamed Bougara Boumerdes /Laboratoire de recherche avenir de l’économie algérienne hors hydrocarbure, 2018) Chabani, Madjid; Saidani, Mouhamed Said; Bekkaye, Ahmed
    Purpose: The study aimed at revealing the nature of the relationship between the efficiency of Arab financial markets and the quality of Arab financial reporting environment after adoption IFRS during the period 2009 - 2018. Approach: For study this relationship, the paper uses panel cointegration with a corresponding vector error correction model (VECM) to investigate in four main areas: Financial market development DFS, Ease of access to loans EAL, Financing through local equity market FTLEM, Venture capital availability VCA, by using the Eviews.7 program to study three main models: Pooled Regression Model, Fixed Effect Model, Random Effect Model. Findings: The results showed a long run relationship between the quality of the Arab financial reporting environment and the efficiency of the Arab financial markets in all indicators and same period. Originality: This is the first study that we are aware of to directly examine this relation in Arab financial markets, thus, this paper provides new empirical evidence in Arab Economies for increase resource allocation efficiency. Our results are also particularly relevant for policy decisions in light of the increased interest by Domestic and international investors on Arab region
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    La gestion du changement dans les organisations publiques algériennes = managing change in Algerian public organizations
    (2017) Chabani, Madjid; Boucetta, Mohamed
    Avec la mondialisation économique et l’ouverture des frontières, les organisations publiques ont connue de nombreuses mutations au niveau macro-économique, organisationnel et politique, en vue, non seulement de favoriser la croissance, mais aussi d’assurer leur survie. Le management n’est pas une technique neutre mais une activité indissolublement liée avec la politique et les politiques publiques, le droit et les enjeux de la société civile. Il est toujours soustendu par des valeurs et/ou des idéologies. » 1 Ainsi, la gestion du changement est une des dirigeants de ces organisations, dotées des structures complexes exposées à la concurrence et à la compétitivité internationale, c’est un vrai défi qu’il faut relever. Dans cette perspective, notre exposé s’articule sur trois axes, comprendre d’abord le contexte du changement dans l’administration, en deuxième lieu, nous parlons d’un concept qui fait expliquer la pratique de la gestion du changement dans l’organisation qui est la réceptivité, le troisième axe porte sur la pratique du changement dans l’organisation publique en Algérie
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    Turkish tourism experience as model to be followed by ALGERIA
    (Université M'Hamed Bougara Boumerdes /Laboratoire de recherche avenir de l’économie algérienne hors hydrocarbure, 2013) Chabani, Madjid; Chabani, Zakariya
    The tourism sector is one of the most important economic sectors that generate large sums of money to the state treasury, which is getting great attention from many countries, some countries have international tourism reputation and the list includes Tunisia and Morocco with their resources are much lower than the Algerians resources . Algeria can get great tourism sector, it has historical riches, diverse cultures, very beautiful nature, and it is ranked as one of the most beautiful landscapes in the world. In addition to the absence of a lot of countries such as Tunisia, Syria, Egypt ... And others from the scene at the moment. However the Algerian tourism sector suffers from neglect and poor organization. Through the following paper we have tried to provide an analytical study of the Turkish tourism model, in order to draw some solutions that perhaps can help to develop the tourism sector in Algeria. Because the Turkish model does not depend on large installations (such as the United Arab Emirates ...) but on the exploitation of natural resources and historical wealth in the country. As for how this wealth has been exploited is explained in the paper since the beginning of the Turkish Republic to the present day, since the tourism sector where neglected and organized just by the Tourism Office, until the advanced stage which became the Ministry of Tourism one of the most important ministries in the country