Macroeconomic policy and Islamic finance in Malaysia

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The item Macroeconomic policy and Islamic finance in Malaysia represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
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Summary: This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the rationale, principles and history of Islamic finance. It analyses specific development of Islamic finance in Malaysia from the point of view of macroeconomic, monetary, and fiscal policy. The book also explores the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion

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Summary: This book offers an alternative framework for macroeconomic policy in Malaysia, derived from the rationale, principles and history of Islamic finance. It analyses specific development of Islamic finance in Malaysia from the point of view of macroeconomic, monetary, and fiscal policy. The book also explores the principles of Islamic finance that may be applied to macroeconomic policymaking to create a better economy overall. It presents a case for a flat tax system, to make the economy more resilient to shocks, and financing methods that limit interest-rate-based debt contracts and allow greater risk sharing among the market participants on a broad scale. Using both qualitative and quantitative methods, this book models the Malaysian economy based on policies that apply the fundamental Islamic finance principle of risk sharing to demonstrate its benefits in spurring growth, promoting distributive justice, rendering the economy more stable, strengthening the potency of monetary policy, enhancing fiscal governance, and improving financial inclusion

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