Tariq Alrifai's Islamic finance and the new financial system : an ethical PDF

By Tariq Alrifai

ISBN-10: 1118990641

ISBN-13: 9781118990643

ISBN-10: 1118990684

ISBN-13: 9781118990681

ISBN-10: 1118990692

ISBN-13: 9781118990698

"Can Islamic finance retailer the worldwide approach? Islamic Finance and the recent economy describes how the adoption of Islamic finance rules in destiny regulatory judgements may possibly aid hinder destiny shocks within the worldwide economic system. utilizing illustrations and examples to spotlight key issues in fresh historical past, this ebook discusses the explanations of economic crises, why they're turning into extra common and

"Describes how the adoption of Islamic finance ideas in destiny regulatory judgements may aid hinder destiny shocks within the international economy. utilizing illustrations and examples to spotlight key issues in fresh historical past, this publication discusses the reasons of monetary crises, why they're turning into extra widespread and more and more serious, and the way the hot economy will contain components of Islamic finance - even if intentionally or not"-- Read more...

summary:

Can Islamic finance retailer the worldwide approach? Islamic Finance and the hot economy describes how the adoption of Islamic finance rules in destiny regulatory judgements might aid prevent Read more...

Show description

Read or Download Islamic finance and the new financial system : an ethical approach to preventing future financial crises PDF

Best banks & banking books

The World of Private Banking (Studies in Banking and - download pdf or read online

This can be a complete and authoritative account of the heritage of personal banking, starting with its improvement together with the realm markets served by way of and focused on a number of ecu towns, significantly Amsterdam and London. those banks have been often partnerships, a kind of association which continued because the position of non-public banking replaced based on the political and monetary variations of the past due 18th and early nineteenth centuries.

Download e-book for kindle: Banking on Basel: The Future of International Financial by Daniel Tarullo

The turmoil in monetary markets that resulted from the 2007 subprime personal loan trouble within the usa exhibits the necessity to dramatically remodel rules and supervision of economic associations. may those associations were sounder if the 2004 Revised Framework on overseas Convergence of Capital size and Capital criteria (Basel II accord) negotiated among 1999 and 2004 had already been totally applied?

Read e-book online America's money machine: The story of the Federal Reserve PDF

Elgin Groseclose, an eminent financial economist within the twentieth century, rips the roof off the Federal Reserve during this marvelous heritage, aptly titled America's cash laptop. Taking us from the Fed's founding to the Sixties, Groseclose exhibits that the space among the promise and the truth is shockingly colossal, loads in order that the Federal Reserve has to be certainly one of the best mess ups within the heritage of public coverage.

Additional info for Islamic finance and the new financial system : an ethical approach to preventing future financial crises

Sample text

Dollar. In June 1997, the Thai government pledged not to devalue the baht as a result of these speculative attacks. S. dollar was the main component. S. dollar. Thailand’s booming economy came to a halt amid massive layoffs in banking, real estate, and construction. 44 The crisis quickly spread to neighboring countries. Indonesia, South Korea, and Thailand were affected the most. However, Hong Kong, Malaysia, Laos, and the Philippines were also affected by the crisis. ∗ Association of Southeast Asian Nations (ASEAN) members include Brunei, Burma, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

They were off to a good start, as their economies were growing fast and spending fast on large infrastructure projects. The money for these projects had to come from somewhere, and it did. S. banks were eager to lend to them at higher rates than they could get at home. S. S. S. banks for safekeeping and spending later. S. banks. From 1970 to 1982, Latin America’s debt increased by more than 1,000 percent. In 1970, the region had a total outstanding debt of $29 billion. 18 With higher debt came higher debt service.

The Great Depression in most countries technically lasted until 1933, but the economies did not fully recover until the late 1930s, just as World War II was brewing. S. 9 percent, and the stock market lost 89 percent of its value. S. S. dollar, as well as other major currencies, was able to freely float. S. dollar, unable to hold its value once the gold redemption window closed, immediately depreciated against the major currencies, upsetting the United States’ main trading partners. It also upset the Organization of Petroleum Exporting Countries (OPEC), since oil was priced in dollars.

Download PDF sample

Islamic finance and the new financial system : an ethical approach to preventing future financial crises by Tariq Alrifai


by Donald
4.5

Rated 4.12 of 5 – based on 49 votes