This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.

Highlights the potential of non-debt creating, risk-sharing finance as a national policy Provides historical support for promoting risk-sharing finance as a viable alternative to risk transfer Offers valuable lessons to achieve sustainable development, post-COVID

Autorentext

Putri Swastika is a Lecturer at the State Islamic Institute Metro (IAIN Metro), Indonesia.

Abbas Mirakhor has been teaching at various universities for 25 years and served at IMF as a staff member and an executive director for 24 years.

Inhalt
Chapter 1. Introduction.- Chapter 2: Risk-sharing Economy: A Framework.- Chapter 3. Historical Review of Risk Sharing Instruments.- Chapter 4. Historical Roots of the German Economy.- Chapter 5. German Macroeconomic Policy(1933-1935).- Chapter 6. Summary, Conclusions and Policy Recommendations.