Public Finance and Islamic Capital Markets

Theory and Application

  • Syed Aun R. Rizvi
  • Obiyathulla I. Bacha
  • Abbas Mirakhor

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 1-21
  3. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 23-43
  4. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 45-63
  5. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 65-98
  6. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 99-115
  7. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 117-130
  8. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 131-155
  9. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 157-172
  10. Syed Aun R. Rizvi, Obiyathulla I. Bacha, Abbas Mirakhor
    Pages 173-182
  11. Back Matter
    Pages 183-185

About this book

Introduction

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.

Keywords

IS-LM model Hicks–Hansen model socioeconomic debt financing ijarah sukuks regulation supervision banking capital market economic policy economics finance international economics macroeconomics public finance

Authors and affiliations

  • Syed Aun R. Rizvi
    • 1
  • Obiyathulla I. Bacha
    • 2
  • Abbas Mirakhor
    • 3
  1. 1.Lahore University of Management SciencesLahorePakistan
  2. 2.International Centre for Education in Islamic Finance (INCEIF)Kuala LumpurMalaysia
  3. 3.International Centre for Education in Islamic Finance (INCEIF)Kuala LumpurMalaysia

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-55342-3
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2016
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages Economics and Finance
  • Print ISBN 978-1-137-55341-6
  • Online ISBN 978-1-137-55342-3
  • About this book
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