Advertisement

The Gold Standard Anchored in Islamic Finance

  • Authors
  • Hossein¬†Askari
  • Noureddine¬†Krichene

Part of the The Political Economy of the Middle East book series (PEME)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Hossein Askari, Noureddine Krichene
    Pages 1-25
  3. Hossein Askari, Noureddine Krichene
    Pages 27-59
  4. Hossein Askari, Noureddine Krichene
    Pages 61-89
  5. Hossein Askari, Noureddine Krichene
    Pages 91-107
  6. Hossein Askari, Noureddine Krichene
    Pages 109-124
  7. Hossein Askari, Noureddine Krichene
    Pages 125-138
  8. Hossein Askari, Noureddine Krichene
    Pages 139-162
  9. Hossein Askari, Noureddine Krichene
    Pages 163-179
  10. Hossein Askari, Noureddine Krichene
    Pages 181-202
  11. Hossein Askari, Noureddine Krichene
    Pages 203-231
  12. Hossein Askari, Noureddine Krichene
    Pages 233-244
  13. Back Matter
    Pages 245-271

About this book

Introduction

Askari and Krichene provide a comprehensive background for recent international financial crises rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with international payments systems the various forms of the gold standard, the Bretton Woods system and the present system of flexible exchange rates. The authors go on to examine the case for fixed exchange rates (gold standard and other interesting variations) anchored in Islamic finance. The message of this book is that the gold standard could provide a solution for addressing international financial instability if and only if it is anchored in 100% reserve banking, which is an essential pillar of Islamic finance.

Keywords

banking capital capital market Nation

Bibliographic information