The Gold Standard Anchored in Islamic Finance
ISBN:
9781137485823
Auflage:
2014
Verlag:
Palgrave Macmillan US
Land des Verlags:
Vereinigte Staaten
Erscheinungsdatum:
18.12.2014
Reihe:
The Political Economy of the Middle East
Format:
Hardcover
Seitenanzahl:
271
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
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.
Schlagwörter
Biografische Anmerkung
Author Hossein Askari: Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA.
