Overview
- Highlights the potential of non-debt creating, risk-sharing finance as a national policy
- Provides historical support for promoting risk-sharing finance as a viable alternative to risk transfer
- Offers valuable lessons to achieve sustainable development, post-COVID
Part of the book series: Political Economy of Islam (PEoI)
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Table of contents (6 chapters)
Keywords
- Islamic Finance
- National Economic Policy
- Germany's Economic History
- Risk Management
- Risk-Sharing
- Risk-Shifting
- Non-debt Based Economic System
- Economic Development in a Developed Country
- Economic Policy Promoting Risk-Sharing Finance
- Risk-Sharing Financial Instruments Applied
- Risk-Sharing Finance for Economic Development
- Post-Covid Economic Recovery
- Sustainable Development
About this book
This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.
Authors and Affiliations
About the authors
Putri Swastika is a Lecturer at the State Islamic Institute Metro (IAIN Metro), Indonesia.
Abbas Mirakhor has been teaching at various universities for 25 years and served at IMF as a staff member and an executive director for 24 years.
Bibliographic Information
Book Title: Applying Risk-Sharing Finance for Economic Development
Book Subtitle: Lessons from Germany
Authors: Putri Swastika, Abbas Mirakhor
Series Title: Political Economy of Islam
DOI: https://doi.org/10.1007/978-3-030-82642-0
Publisher: Palgrave Macmillan Cham
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-82641-3Published: 14 September 2021
Softcover ISBN: 978-3-030-82644-4Published: 15 September 2022
eBook ISBN: 978-3-030-82642-0Published: 13 September 2021
Series ISSN: 2945-6479
Series E-ISSN: 2945-6487
Edition Number: 1
Number of Pages: IX, 143
Number of Illustrations: 5 b/w illustrations, 1 illustrations in colour
Topics: Development Studies, Political Economy/Economic Systems, Economic Growth, Economic Policy, Economic History