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Public finance and islamic capital markets : theory and application / Syed Aun R Rizvi; Obiyathulla Ismath Bacha; Abbas Mirakhor
New York : Palgrave Macmillan, 2016
xiii, 185 pages. : illustrations ; 22 cm.
Ký hiệu phân loại (DDC): 336
This volume addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth. Rizvi, Bacha, and Mirakhor guide readers chronologically through the unfolding effects of macroeconomic policy implemented to reduce crippling sovereign debt, increase government financing, and guide governments to the path of economic progress.
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