The concept of risk-sharing in financial and social contracts is one of the unique features of Islamic finance. Many theoretical studies generally claim superiority of an Islamic financial system based on pure equity and participatory modes of financing, while empirical studies provide mixed...

Contents: Part I Theory and evidence on finance and growth -- 1. Financial development and innovation-led growth / Phillippe Aghion, Peter Howitt and Ross Levine -- 2. Financial structure, economic growth and development / Franklin Allen, Xian Gu and Oskar Kowalewski -- 3. Evidence on finance...

This article evaluates banking regulation and capital markets development in Vietnam from more parochial perspective. The analysis focuses on Vietnam?s needs at this stage of her economic development and explores how financial sector reforms could be best tailored to meet those needs

Frontmatter -- Preface -- Acknowledgments -- CONTENTS -- List of Tables -- List of Charts and Diagrams -- Part I. The Early Stages -- Chapter I. Development of Financial System prior to 1940 -- Part II. The 1940-1960 Period—History -- Chapter II. Money and Capital Market -- Chapter III....