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Financial Exclusion In Australia: Can Islamic Finance Minimise The Problem?, Mohamed Rosli Mohamed Sain, Mohammad Mafizur Rahman, Rasheda Khanam
Financial Exclusion In Australia: Can Islamic Finance Minimise The Problem?, Mohamed Rosli Mohamed Sain, Mohammad Mafizur Rahman, Rasheda Khanam
Australasian Accounting, Business and Finance Journal
The purpose of this study is to explore the nature and extent of financial exclusion in Australia focussing particularly the Muslim community. Financial exclusion refers to a situation where people lack access to affordable and appropriate financial services and products. In 2013, 16.9% of adults living in Australia were severely or fully financially excluded; that is, almost one in six adults had no access to at least two basic financial products. This paper is based on literature reviews, secondary data and the authors’ personal experience in association with banking industry. The finding of this paper concludes that financial exclusion remains …
Simulating Stock Prices Using Geometric Brownian Motion: Evidence From Australian Companies, Krishna Reddy, Vaughan Clinton
Simulating Stock Prices Using Geometric Brownian Motion: Evidence From Australian Companies, Krishna Reddy, Vaughan Clinton
Australasian Accounting, Business and Finance Journal
This study uses the geometric Brownian motion (GBM) method to simulate stock price paths, and tests whether the simulated stock prices align with actual stock returns. The sample for this study was based on the large listed Australian companies listed on the S&P/ASX 50 Index. Daily stock price data was obtained from the Thomson One database over the period 1 January 2013 to 31 December 2014. The findings are slightly encouraging as results show that over all time horizons the chances of a stock price simulated using GBM moving in the same direction as real stock prices was a little …