Macro Market Application

Syed Aun R. Rizvi, Obiyathulla Bacha and Abbas Mirakhor
Additional contact information
Abbas Mirakhor: International Centre for Education in Islamic Finance (INCEIF)

Chapter Chapter 7 in Public Finance and Islamic Capital Markets, 2016, pp 131-155 from Palgrave Macmillan

Abstract: Abstract A vicious cycle of interest rates and debt have stunted the growth of developing nations, and this chapter explores the alternatives that Islamic finance and risk sharing have to offer at a sovereign level. While not only focusing on the how, this chapter delves into proposing a macro risk sharing instrument which brings to the forefront the concept of an equitable in nature GDP-linked paper, which allows for enhanced risk sharing based sovereign financing. While the chapter delves into the conceptual merits of this kind of risk sharing instrument, it also presents an empirical inquiry on the performance of this proposed instrument for a wide array of developing nations.

Keywords: Macro risk sharing; GDP-linked; Indexed bonds; Macromarkets (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Chapter: Micro Market Application (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-1-137-55342-3_7

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137553423

DOI: 10.1057/978-1-137-55342-3_7

Access Statistics for this chapter

More chapters in Palgrave Studies in Islamic Banking, Finance and Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().