EAN: 9781349716357

PALGRAVE STUDIES IN ISLAMIC BANKING FINANCE AND...

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.

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