The Next Financial Crisis and How to Save Capitalism, 2015 Financial Institutions, Reforms, and Policies in Muslim Countries Series

The financialization of the economy has brought a number of interrelated problems which have contributed to growing income and wealth inequality. Askari and Mirakhor assert that it is time to make a bold change by putting our financial house in order and on a better path, advocating for a fundamental reform of the financial system.

Table of Contents Foreword; Dr. Vittorio Corbo Preface Acknowledgments 1. The Financial Sector - In Support of Growth or Financialization? 2. Recurring Financial Crises - The Causes 3. Recurring Financial Crises - The Fallouts 4. Recurring Financial Crises - The Essential Reforms 5. Conclusions and Our Financial Future Bibliography

Author Hossein Askari: Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA. Author Abbas Mirakhor: Abbas Mirakhor is the First Holder of INCEIF s Chair in Islamic Finance at INCEIF - The Global University of Islamic Finance, Malaysia. He was the Executive Director and Dean of the Executive Board of the International Monetary Fund. He received his PhD from Kansas State University, USA.