Current Global Financial Crisis: Cause and Solution الأزمة المالية الحالية: السبب والحل

Abdullah Mohammed Seidu ()
Additional contact information
Abdullah Mohammed Seidu: Islamic Economics Institute King Abdulaziz University, Jeddah, Saudi Arabia

Chapter 4 in Issues in the International Financial Crisis from an Islamic Perspective-05 قضايا في الأزمة المالية الدولية من منظور إسلامي, 2009, pp 26-41 from King Abdulaziz University, Islamic Economics Institute.

Abstract: The world is currently witnessing the harsh tempers of the global economy unleashing sweeping upheavals across the world, sending shock waves around the world’s stock markets, devastating the major financial institutions, causing panic and fear in individuals, corporations and governments globally. This grave situation calls for urgent and active attention to address and stop it from getting out of control whose effects could be too large and too late to deal with. The effect would spill over and spare no one as the world economies are interconnected. Various governments and central banks across the world are making frantic and serious efforts to mitigate the high risks associated with the economic and financial meltdown. This requires individual and collective approach through co-operation among the developing and developed nations in order to make the measures more effectively felt. --

Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://iei.kau.edu.sa/Files/121/Files/158930_FinancialCrisis.pdf#page=25 (application/pdf)

Related works:
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:abd:ieibch:34

Access Statistics for this chapter

More chapters in Chapters of books published by the Islamic Economics Institute, KAAU or its faculty members. from King Abdulaziz University, Islamic Economics Institute. Contact information at EDIRC.
Bibliographic data for series maintained by King Abdulaziz University, Islamic Economics Institute. ().