Titlebook: Applying Risk-Sharing Finance for Economic Development; Lessons from Germany Putri Swastika,Abbas Mirakhor Book 2021 The Editor(s) (if appl

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The Foundation of the German Economy: Concept and Practices,This chapter highlights theories, ideas, and policies implemented by the German economy from the nineteenth century up to the Great Depression in 1929 which established the foundation for market rules (institutions).

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Putri Swastika,Abbas MirakhorHighlights 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

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https://doi.org/10.1007/978-3-322-88438-1isk-sharing paradigm. In theory, risk sharing divides the burden of economic and financial risks among economic agents. This chapter emphasizes on the distinct framework of both risk transfer and risk sharing systems.

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https://doi.org/10.1007/978-3-322-88760-3ng principles. The reason for the choice of this timeframe is that policies implemented during this period allowed the German economy to recover from its deep depression at a startling rate as unemployment declined significantly to permit the resumption of high rate of economic growth.

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