"It would be difficult to examine interest-free alternative financial systems without reviewing the evolution of debt; thus, this book offers a chronological account of the development of interest-bearing debt and contributors offer their take on how the issue of interest has been addressed...

This volume includes five self-contained chapters in the fields of public debt and fiscal transfer schemes. After an introduction to the topic, chapter 2 shows that the institutional setting of fiscal policy making needs to be considered when assessing the sustainability of fiscal policy. Using...