Applying Risk-Sharing Finance for Economic Development
Lessons from Germany
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Beschreibung
This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.
Putri Swastika is a Lecturer at the State Islamic Institute Metro (IAIN Metro), Indonesia.
Abbas Mirakhor has been teaching at various universities for 25 years and served at IMF as a staff member and an executive director for 24 years.
This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.
Highlights the potential of non-debt creating, risk-sharing finance as a national policy Provides historical support for promoting risk-sharing finance as a viable alternative to risk transfer Offers valuable lessons to achieve sustainable development, post-COVID
Autor*in
Putri Swastika
Themen in »Applying Risk-Sharing Finance for Economic Development«
Islamic Finance National Economic Policy Germany's Economic History Risk Management Risk-Sharing Risk-Shifting Non-debt Based Economic System Economic Development in a Developed Country Economic Policy Promoting Risk-Sharing Finance Risk-Sharing Financial Instruments Applied Risk-Sharing Finance for Economic Development Post-Covid Economic Recovery Sustainable Development