MACMILLAN Applying Risk-Sharing Finance for Economic Development: Lessons from Germany (Political Economy of Islam)

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. From the Back Cover 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. About the Author 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.