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This book reviews key aspects of central banking and monetary policy in selected Muslim-majority countries. While reviewing country-specific experiences and issues in inflation and monetary policy, and analysing them from an historical context, emphasis is given to the evolution of Islamic banking and finance and the consequent institutional developments for maintaining price stability. One recurring theme is that, although Islamic banking and finance may have created some complexities, it remains consistent with Classical monetary theory and has created opportunities for improving the infrast

Banks and banking, Central --- Islamic countries --- Islamic countries. --- Economic conditions.

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How should the Western world today respond to the challenges of political Islam ? Taking an original approach to answer this question, this book compares Islamism's struggle with secularism to other prolonged ideological clashes in Western history. By examining the past conflicts that have torn Europe and the Americas - and how they have been supported by underground networks, fomented radicalism and revolution, and triggered foreign interventions and international conflicts - the author draws six major lessons to demonstrate that much of what we think about political Islam is wrong. He focuses on the origins and dynamics of twentieth-century struggles among Communism, Fascism, and liberal democracy; the late eighteenth- and nineteenth-century wars of religion between Catholics, Lutherans, Calvinists, and others. The author then applies principles learned from the successes and mistakes of governments during these conflicts to the contemporary debates embroiling the Middle East. He concludes that ideological struggles last longer than most people presume; ideologies are not monolithic; foreign interventions are the norm; a state may be both rational and ideological; an ideology wins when states that exemplify it outperform other states across a range of measures; and the ideology that wins may be a surprise. Looking at the history of the Western world itself and the fraught questions over how societies should be ordered, this book upends some of the conventional wisdom about the current upheavals in the Muslim world.

Islam and politics --- Islamic fundamentalism --- Political aspects --- Western countries --- Islamic countries --- Foreign relations --- Islamic fundamentalismPolitical aspectsWestern countries --- Islamic countriesForeign relations --- Islamic fundamentalism - Political aspects --- Western countries - Foreign relations - Islamic countries --- Islamic countries - Foreign relations - Western countries

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This volume brings together articles on various aspects of the intellectual and social histories of Islamicate societies and of the traditions and contexts that contributed to their formation and evolution. Written by leading scholars who span three generations and who cover such diverse fields as Late Antique Studies, Islamic Studies, Classics, and Jewish Studies, the volume is a testament to the breadth and to the sustained, deep impact of the corpus of the honoree, Professor Patricia Crone. Contributors are: David Abulafia, Asad Q. Ahmed, Karen Bauer, Michael Cooperson, Hannah Cotton, David M. Eisenberg, Khaled El-Rouayheb, Matthew S. Gordon, Gerald Hawting, Judith Herrin, Robert Hoyland, Bella Tendler Krieger, Margaret Larkin, Maria Mavroudi, Christopher Melchert, Pavel Pavlovitch, David Powers, Chase Robinson, Behnam Sadeghi, Adam Silverstein, Devin Stewart, Guy Stroumsa, D. G. Tor, Kevin van Bladel, David J. Wasserstein, Chris Wickam, Joseph Witztum, F. W. Zimmermann

Islamic civilization. --- Islamic countries --- Islamic Empire --- Civilization. --- Intellectual life. --- Social life and customs.

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Finance --- Banks and banking --- Religious aspects --- Islam. --- Gulf Cooperation Council. --- Islamic countries --- Economic policy. --- Economic conditions.

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Arabic letters --- History and criticism. --- Islamic countries --- Intellectual life. --- Social conditions.