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This is a comment on ’Towards a legal theory of finance’ by Katharina Pistor. It notes that both law and money are … of fundamental uncertainty. The historical origins of both are briefly considered. It is argued that fundamental … uncertainty in the Knight-Keynes sense has been marginalised in modern economics and this creates problems for the theory of money …
Persistent link: https://www.econbiz.de/10010666150
investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing …
Persistent link: https://www.econbiz.de/10011115766
; incompleteness of contracting and fundamental uncertainty associated with business. As for the latter dimension of Gharar , the … Islamic financial institutions are not necessarily discouraged to share the associated uncertainty with the small‐sized firms … of Islamic finance, less has been done to elaborate upon it through the lens of Post‐Keynesian economics which have …
Persistent link: https://www.econbiz.de/10014827051
The recent relatively high levels of global oil prices have led to a significant improvement in the public finances of several hydrocarbon-exporting countries. However, despite the increase in fiscal buffers, medium-term risks remain high. Fiscal vulnerabilities have increased as a consequence...
Persistent link: https://www.econbiz.de/10012690163
"Why is uncertainty so important to politics today? To explore the underlying reasons, issues and challenges, this book …’s chapters address finance and banking, insurance, technology regulation and critical infrastructures, as well as climate change … realised, then currently-blinkered understandings of uncertainty need to be met with renewed democratic struggle. Written in an …
Persistent link: https://www.econbiz.de/10014228844
of Belize''s public finance to the occurrence of hurricanes and the potential impact of insurance instruments in reducing …
Persistent link: https://www.econbiz.de/10014401687
Despite progress in addressing key fiscal weaknesses in many countries, significant policy challenges remain in advanced, emerging, and low-income economies, and must be faced in an environment where downside risks to growth have increased. Many advanced economies face very large adjustment...
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