Applying Risk-Sharing Finance for Economic Development
Author | : Putri Swastika |
Publisher | : Springer Nature |
Total Pages | : 150 |
Release | : 2021-09-13 |
Genre | : Social Science |
ISBN | : 3030826422 |
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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.