Book

The gold standard anchored in Islamic finance

Askari, Hossein, Krichene, Noureddine

Overview

\"Askari and Krichene provide a comprehensive background for recent international financial crises--rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with international payments systems--the various forms of the gold standard, the Bretton Woods system and the present system of flexible exchange rates. The authors go on to examine the case for fixed exchange rates (gold standard and other interesting variations) anchored in Islamic finance. The message of this book is that the gold standard could provide a solution for addressing international financial instability if and only if it is anchored in 100% reserve banking, which is an essential pillar of Islamic finance. \"-- Provided by publisher.

• Publisher: Palgrave Macmillan
• Subject: Finance Islamic countries. / Gold standard Islamic countries. / Financial crises Islamic countries. / POLITICAL SCIENCE / Economic Conditions.
• ISBN: 9781137485823, 1137485825

Item info:

1 item available

1 item total in all locations

Holdings :

Call Number	Copies	Material	Location
HG187.4.A86 2014	1	BOOK	AUTOSTORE