The Gold Standard Anchored in Islamic Finance by Hossein Askari, Noureddine Krichene (auth.)

By Hossein Askari, Noureddine Krichene (auth.)

Show description

Read Online or Download The Gold Standard Anchored in Islamic Finance PDF

Similar finance books

The Credit Default Swap Basis

The expansion of the credits derviatives industry has produced a liquid industry in credits default swaps around the credits curve, and this liquidity has led many traders to entry either the credits spinoff and money bond markets to satisfy their funding requirements.

This ebook investigates the shut dating among the bogus and funds markets in credits, which manifests itself within the credits default switch foundation. Choudhry covers the standards that force the foundation, implications for industry contributors, the CDS index foundation, and buying and selling the basis.

Credit marketplace traders and investors in addition to a person with an curiosity within the international debt markets will locate this insightful and lucrative.

The Economist (4 February 2012)

The Economist is an English-language weekly information and overseas affairs booklet owned through "The Economist Newspaper Ltd" and edited in London. it's been in non-stop ebook because James Wilson verified it in September 1843. As of summer time 2007, its commonplace flow crowned 1.

Advanced Equity Derivatives: Volatility and Correlation

In complex fairness Derivatives: Volatility and Correlation, Sébastien Bossu experiences and explains the complex suggestions used for pricing and hedging fairness unique derivatives.  Designed for monetary modelers, alternative investors and complex traders, the content material covers crucial theoretical and sensible extensions of the Black-Scholes version.

Additional resources for The Gold Standard Anchored in Islamic Finance

Example text

Ron Paul’s views were based on many decades in the Congress and research into money literature. In his book End the Fed (2009), Ron Paul was dismayed by the role of the Federal Reserve (Fed) in manipulating monetary policy. He considered the trillions of dollars in bailouts as the worst injustice a government could inflict on its innocent citizens, by socializing the losses incurred by greedy bankers and debtors. He was also disenchanted with the Fed’s role in preventing liquidation and blocking recovery: “Even today, with an economic crisis raging, the response by our government and the Federal Reserve has been characteristic.

It can also inflate to prevent any deflation that follows from the collapse of a financial boom. For its external balance, it depreciates its currency to the extent required for correcting an external deficit. Under the present system, exchange rates fluctuate widely and give rise to significant exchange rate risks and destabilizing shortterm capital movements. There are large losses arising from foreign exchange inflicted on those who hold depreciating currencies. There are huge resources devoted to the speculation on foreign exchange and to hedging against exchange rates depreciation.

Gold has historically been the world’s single currency; it has no nationality; it was chosen in pre-historical times as the soundest form of money, and has remained so throughout the ages (Menger 1892). 15 The inconvertible paper and credit system is inherently unstable because there is no limit to money printing and fictitious credit multiplication (Thornton 1802; Carroll 1850s; Rothbard 2008; and de Soto 2012). 16 Examples of credit collapses are many; we may cite the Great Depression and earlier crises throughout the nineteenth century in Europe and in the United States.

Download PDF sample

Rated 4.77 of 5 – based on 49 votes