Work

Why Economists (and Economies) Should Love Islamic Finance

Year: 2015

Type: preprint

Abstract: The world has too much debt and too little equity. This circumstance cost it dearly; glaringly during the great financial crisis(GFC) between late 2007 and 2010 and the European sovereign debt and banking crises that started in 2010. Debt, characterized by fixed financial commitments, can be a poor financing choice in a risky, uncertain world where the private and social costs of default are high.

Source: SSRN Electronic Journal

Authors: Willem H. Buiter, Ebrahim Rahbari, Willem H. Buiter

Institutions: Citigroup, Centre for Economic Policy Research

Language: English

Topic: Islamic Finance and Banking Studies

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2182132231

Cites: 8

Cited by: 12

Related to: 10