This thoroughly updated and revised second edition analyses the ideas behind Islamic finance, the forms Islamic finance has taken in practice and the tension between the two that may occasionally arise. Along with an expanded section on the history of the ban on interest, this second edition...

Contents: Preface -- Introduction -- 1. Why Islamic finance? -- 2. Islamic law -- 3. The Islamic economy -- 4. Forms of Islamic finance -- 5. Islamic banks -- 6. Special sectors -- 7. Public finance, monetary policy and banking supervision -- 8. A tentative verdict and a question mark --...

The past decade has witnessed a surge in interest in the area of financial globalization and economic performance. This was stimulated by the 1997-1998 Asian financial crisis after plans to adopt full capital account liberalization by IMF member states failed. Scholars have since focused on the...

This paper examines the entry and exit, and the labour productivity, of Indonesian manufacturing firms with 20 workers or more, using a firm-level panel dataset constructed for the years 1994-2000. Overall change in manufacturing labour productivity reached 27.2%—an average growth of 3.5% per...

In this fully revised and updated second edition of a well-regarded and popular text, Hans Visser includes recent developments in the world economy such as the rise of currency boards and the changing role of the IMF in solving currency crises.

In the aftermath of the debates between Keynesians and monetarists, this book provides a lucid, concise overview of the most recent developments in monetary theory. Professor Visser has written an up-to-date survey which discusses major issues such as crowding out, the new classical...

Islamic finance is an especially momentous phenomenon, and this book will prove an essential read for students with an interest in money and banking, and particularly Islamic finance. It will also be highly influential for bankers and staff in financial institutions, as well as financial...

A Guide to International Monetary Economics is a systematic overview of exchange rate theories, an analysis of exchange rate systems and a discussion of exchange rate policies including discussion of the obstacles that may confront policymakers while running any particular system. This third...

Exchange rates have been subject to dazzling fluctuations since the end of the Bretton Woods system in the early 1970s, forcing international economists to re-think exchange rate theory and international monetary economics. The result has been a bewildering array of theories and models seeking...