Authors:
- Argues that the macroeconomic policy adjustment models recommended by the IMF and the World Bank for implementation in many countries have not been effective
- Underlines an urgent need to produce an alternative to the failed conventional macroeconomic model in order to address the challenge of ?macroeconomic and social adjustment policies
- Investigates the idea that the Islamic economic model prescribed in the Quran and applied by the Prophet (sawa) could be the ideal model for Muslim and non-Muslim ?countries
- Designs a macroeconomic policy framework that recommends macroeconomic and social policies consistent with Islamic economic principles and simulates its relevance with Senegal as a case study
Part of the book series: Political Economy of Islam (PEoI)
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Table of contents (9 chapters)
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Front Matter
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Back Matter
About this book
Reviews
The fundamental question addressed in the valuable effort of Dr Dieye is: Given that the conventional adjustment and stabilization programs have mostly failed, are there effective alternative stabilization models that could restore stability to economies, destabilized by internal and external shocks, more rapidly, sustainably, and at lower costs than the conventional paradigm? His equally essential answer, based on theory and empirics, is to adopt a risk-sharing approach to stabilization rather than the conventional paradigm of shifting or transferring risks of policy adjustments.
The many interesting and useful theoretical and empirical features make this book a valuable contribution to the field of economic policy making. It is among the first successful efforts in investigating the empirical implications of a paradigm whose theoretical consideration began a few decades ago. For all these reasons, policy makers, students of economics and finance, researchers and analysts would be remiss in not availing themselves of this highly relevant and unique work that proposes an effective solution to a serious problem that has been plaguing developing and emerging market economies
-Abbas Mirakhor is the First Holder of INCEIF’s Chair in Islamic Finance at INCEIF- The Global University of Islamic Finance. He was The Executive Director and Dean of the Executive Board at of the International Monetary Fund
Authors and Affiliations
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Central Bank of the West African Countries, Daker, Senegal
Adama Dieye
About the author
Bibliographic Information
Book Title: An Islamic Model for Stabilization and Growth
Authors: Adama Dieye
Series Title: Political Economy of Islam
DOI: https://doi.org/10.1007/978-3-030-48763-8
Publisher: Palgrave Macmillan Cham
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-48762-1Published: 17 July 2020
Softcover ISBN: 978-3-030-48765-2Published: 17 July 2021
eBook ISBN: 978-3-030-48763-8Published: 16 July 2020
Series ISSN: 2945-6479
Series E-ISSN: 2945-6487
Edition Number: 1
Number of Pages: XXIII, 243
Number of Illustrations: 12 b/w illustrations
Topics: African Politics, International Political Economy, Politics and Religion