Public Finance and Islamic Capital Markets Theory and Application /

• Main Authors: Rizvi, Syed Aun R. (Author), Bacha, Obiyathulla I. (Author), Mirakhor, Abbas (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York : Palgrave Macmillan US : Imprint: Palgrave Macmillan, 2016.
• Series: Palgrave Studies in Islamic Banking, Finance, and Economics
• Subjects: Finance.; Finance, Public.; Banks and banking.; Capital market.; Economic theory.; International economics.; Capital Markets.; Economic Theory/Quantitative Economics/Mathematical Methods.; Finance, general.; International Economics.; Public Finance.; Banking.
• Physical Description: XIII, 185 p. 12 illus., 6 illus. in color. online resource.
• ISBN: 9781137553423

This book 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.