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An Islamic Economic Perspective on the Global Financial Crisis

In: Macroeconomic Theory and its Failings

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  • Mervyn Lewis

Abstract

This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought.

Suggested Citation

  • Mervyn Lewis, 2010. "An Islamic Economic Perspective on the Global Financial Crisis," Chapters, in: Steven Kates (ed.), Macroeconomic Theory and its Failings, chapter 10, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13728_10
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    References listed on IDEAS

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    1. Mohammad Mansoor Khan & Muhammad Ishaq Bhatti, 2008. "Developments in Islamic Banking," Palgrave Macmillan Studies in Banking and Financial Institutions, Palgrave Macmillan, number 978-0-230-58230-9, January.
    2. Ben S. Bernanke & Mark Gertler, 1986. "Agency costs, collateral, and business fluctuations," Proceedings, Federal Reserve Bank of San Francisco.
    3. Zafar Iqbal & Mervyn K. Lewis, 2009. "An Islamic Perspective on Governance," Books, Edward Elgar Publishing, number 12659.
    4. Abdul Azim Islahi, 2005. "Contributions of Muslim Scholars to Economic Thought and Analysis مساهمات علماء المسلمين في الفكر والتحليل الاقتصادي," Books published by the Islamic Economics Institute, KAAU., King Abdulaziz University, Islamic Economics Institute., edition 1, number 38, July.
    5. Engelbert Stockhammer, 2004. "Financialisation and the slowdown of accumulation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(5), pages 719-741, September.
    6. Tobias Adrian & Hyun Song Shin, 2008. "Liquidity, monetary policy, and financial cycles," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 14(Jan).
    7. Ben S. Bernanke & Mark Gertler, 1986. "Agency Costs, Collateral, and Business Fluctuations," NBER Working Papers 2015, National Bureau of Economic Research, Inc.
    8. Mervyn K. Lewis & Latifa M. Algaoud, 2001. "Islamic Banking," Books, Edward Elgar Publishing, number 1488.
    9. Lewis, Mervyn K., 2009. "The origins of the sub-prime crisis: Inappropriate policies, regulations, or both?," Accounting forum, Elsevier, vol. 33(2), pages 114-126.
    10. Rodney Wilson, 1983. "Banking and Finance in the Arab Middle East," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04817-5, November.
    11. Gary Gorton, 2009. "The Subprime Panic," European Financial Management, European Financial Management Association, vol. 15(1), pages 10-46, January.
    12. Ahmed, Shaghil, 1989. "Islamic banking and finance : A review essay," Journal of Monetary Economics, Elsevier, vol. 24(1), pages 157-167, July.
    13. Harris, Milton & Raviv, Artur, 1979. "Optimal incentive contracts with imperfect information," Journal of Economic Theory, Elsevier, vol. 20(2), pages 231-259, April.
    14. Islahi, Abdul Azim & Ghazanfar, Shaikh Mohammad, 1998. "Economic Thought of al-Ghazali," MPRA Paper 53465, University Library of Munich, Germany, revised 2011.
    15. Douglas Gale & Martin Hellwig, 1985. "Incentive-Compatible Debt Contracts: The One-Period Problem," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 52(4), pages 647-663.
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    Cited by:

    1. Iley, Richard A. & Lewis, Mervyn K., 2011. "Has the global financial crisis produced a New World Order?," Accounting forum, Elsevier, vol. 35(2), pages 90-103.

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