Cambridge Forecast Group Blog: Backup

ISLAMIC FINANCE AND THE GLOBAL FUTURE: BIS JUNE 1-8

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

Central bankers’ speeches for 8 June 2012
now available on the BIS website

Fahad Bin Abdullah Al-Mubarak:

Combatting money laundering and terrorism financing

Miguel Fernández Ordóñez: Developments in Spain

Masaaki Shirakawa: Japan’s economy and monetary policy

Ben S Bernanke: Economic outlook and policy

Glenn Stevens: The glass half full

Central bankers’ speeches for 7 June 2012
now available on the BIS website

Mario Draghi: ECB press conference – introductory statement

Ravi Menon: The next phase in Islamic finance

Janet L Yellen: Perspectives on monetary policy

Ardian Fullani: Recent economic and monetary developments in Albania

Daniel K Tarullo: Dodd-Frank Act implementation

Central bankers’ speeches for 6 June 2012
now available on the BIS website

K C Chakrabarty: Human Resource management in banks – need for a new perspective

K C Chakrabarty: Exploring the challenge of financial education across emerging economies

Jörg Asmussen: Lessons from Latvia and the Baltics

Richard W Fisher: The limits of the powers of central banks

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/01/12

Central bankers’ speeches for 1 June 2012
now available on the BIS website

Lawrence Williams: An evolving financial services landscape in the Caribbean

Ignazio Visco: Overview of economic and financial developments in Italy

All speeches from 1997 onwards are available from the BIS website at http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches from 6 to 8 June now available‏

Press, Service (press@bis.org)

Fri 6/08/12

BANK FOR INTERNATIONAL SETTLEMENTS MAY 22 2012: SHARIA COMPLIANCE IN BAHRAIN

Central bankers’ speeches for 22 May now available‏

Press, Service (press@bis.org)

Tue 5/22/12

Central bankers’ speeches for 22 May 2012
now available on the BIS website

Josef Bonnici: Reflections on the financial and economic challenges in the euro area and beyond

Barry Whiteside: Microfinance and financial literacy development in Fiji

Rasheed Mohammed Al Maraj: Corporate governance and Shari’a compliance in Bahrain

Thomas Jordan: Challenges facing the Swiss National Bank

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for 22 May now available‏

http://www.bis.org/list/cbspeeches/index.htm

Press, Service (press@bis.org)

Tue 5/22/12

CFG ON YOUTUBE: PALESTINIAN “INTIFADA”

The second Palestinian uprising and the

Israeli invasion of Lebanon: a cfg perspective‏

Cambridge Forecast Group (CFG)

Go to:

http://www.youtube.com/watch?v=UMqMr-ilZ2M

Lawrence Feiner 05-12-12

Published on May 12, 2012 by zoiladejesus27

Cambridge Forecast Group (CFG)

CFG NEW YOUTUBE POST: PALESTINIAN UPRISING IN CFG PERSPECTIVE

The second Palestinian uprising and the

Israeli invasion of Lebanon: a cfg perspective‏

Cambridge Forecast Group (CFG)

Go to:

http://www.youtube.com/watch?v=UMqMr-ilZ2M

Lawrence Feiner 05-12-12

Published on May 12, 2012 by zoiladejesus27

Cambridge Forecast Group (CFG)

CFG ON YOUTUBE

Please go to Youtube and type in “lawrence feiner” to view four presentations by Lawrence Feiner of Cambridge Forecast Group on the global future and Muslims and Jews in the world-system:

- world future part 1 12-27-11

- world future part 2 03-06-12

- Einstein and the Stern gang 04-24-12

- the fall of Communism and race relations no date

YouTube – Broadcast Yourself.

www.youtube.com/

CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER

CLICK ON:

http://www.youtube.com/watch?v=uGSCWK248dA

CAMBRIDGE FORECAST GROUP: LAWRENCE FEINER CFG YOUTUBE APRIL 19 2012: EINSTEIN’S LETTER

Blog readers want to know:

1. what’s really happening?

2. where am I in all this?

Read:

The Reagan Revolution and the Developing Countries

Cambridge Forecast Group Book

This is a book about the Reagan revolution and the developing countries. It shows why the years (1980-1990) were critical in determining the global economic future. The first chapter is how to think about the future. The second chapter is about growth economic and human capital. The third chapter is about development economic the forth chapter is about the world economy from Charlemagne to the present. The fifth chapter is about the Reagan revolution.

Our book is unique because no other book in our opinion has accurately described just how important the developing world was in Reagan administration policy in our 1979 Japanese book ”world economy/big prediction” the book upon which this book was based, we predicted that in the early 21th century the developing countries would be growing rapidly even as the developed countries stagnated.

About the Authors:

Lawrence Feiner is currently retired. he has a B.S. in math from The Massachusetts Institute of Technology and a Phd in math from M.I.T.. He has previously co-authored numerous Japanese books that were favorably reviewed. He was a principal of the Cambridge Forecast Group specializing in economic forecasting.

Richard Melson is currently retired after working for an investment advisory firm. He got a masters degree in Asian regional economics from Harvard. He has previously co-authored numerous Japanese books that were favorably reviewed. He was a principal of the Cambridge Forecast Group specializing in economic forecasting.

Again:

This is a book about the Reagan revolution and the developing countries. It shows why the years (1980-1990) were critical in determining the global economic future. The first chapter is how to think about the future. The second chapter is about growth economic and human capital. The third chapter is about development economic the fourth chapter is about the world economy from Charlemagne to the present. The fifth chapter is about the Reagan revolution.

Our book is unique because no other book in our opinion has accurately described just how important the developing world was in Reagan administration policy in our 1979 Japanese book ”world economy/big prediction” the book upon which this book was based, we predicted that in the early 21th century the developing countries would be growing rapidly even as the developed countries stagnated.

Click on:

“THE REAGAN REVOLUTION AND THE DEVELOPING COUNTRIES”: NEW CAMBRIDGE FORECAST GROUP BOOK

November 29, 2011 at 7:24 pm | Posted in Books, Development, Economics, Financial, Globalization, History, Research, Third World, USA, World-system

http://cambridgeforecast.wordpress.com/2011/11/

CAMBRIDGE FORECAST GROUP: “WORLD ECONOMY BIG PREDICTION” BOOK

Click On:

http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/

Cambridge Forecast Group: “World Economy Big Prediction” Book

February 7, 2008 at 4:24 am | Posted in Books, Financial, Globalization, History, Research, Science & Technology,Third World

http://cambridgeforecast.wordpress.com/2008/02/07/cambridge-forecast-group-book-world-economy/

RECENT CAMBRIDGE FORECAST GROUP YOUTUBE

VIDEOS WITH CFG CO-FOUNDER DR. LAWRENCE FEINER

Click On:

Lawrence Feiner Ph.D – 12-27-11 Original air date

(the global future: tv interview part 1)

Lawrence Feiner 03 06 12 – Original air date

(the global future: tv interview part 2)

Lawrence Feiner

(the fall of Communism and its impact on race relations)

http://www.youtube.com/watch?v=L3YXVjSAX2I

http://www.youtube.com/watch?v=hB4eQRPF1TI

http://www.youtube.com/watch?v=OMyEKguM9v0

“RISK SHARING IN FINANCE: THE ISLAMIC FINANCE ALTERNATIVE”

Iqbal, Zamir / Mirakhor, Abbas / Askari, Hossein / Krichene, Noureddine

Risk Sharing in Finance
The Islamic Finance Alternative

1. Edition - February 2012
73.90 Euro
2012. 312 Pages, Hardcover
ISBN-10: 0-470-82966-4
ISBN-13: 978-0-470-82966-0 - John Wiley & Sons

Wiley Finance Editions

Detailed description
How the Islamic finance approach to risk can serve as a model for global reform

The recent U.S. financial debacle has affected the entire world and led to major reviews of risk management in financial institutions. Perhaps a simpler alternative is just to adopt the systems used for centuries in Islamic finance. Risk Sharing in Finance expounds upon this novel idea, suggesting that the Islamic financial system can be developed for use around the world by providing a helpful paradigm for crafting global financial reforms.

Demonstrating how Islamic finance can successfully expand its array of risk sharing instruments, for example issuing government shares to finance development projects and placing limits on short sales and leveraging, the book makes a compelling case for thinking outside the box to redevelop a vibrant stock market.
* Provides analysis of the comparative historical, theoretical, and empirical investigation of risk management in both the conventional and the Islamic-type financial systems
* Explores the benefits and the implications of introducing Islamic finance around the world and explains how wider reliance on risk sharing can be implemented
* Establishes a connection between the flawed contemporary Western system of capitalist finance and the ancient, traditional forms of risk-sharing prevalent in Islamic finance

Offering a timely look at financial reform, Risk Sharing in Finance draws on the expertise of author Zamir Iqbal of the World Bank, along with a host of co-authors Abbas Mirakhor, Hossein Askari, and Noureddine Krichene to present a new form of financial reform.

From the contents
Preface ix

Acknowledgments xvii

Glossary xix

PART ONE THE HISTORY AND CAUSES OF FINANCIAL CRISES

CHAPTER 1 A Brief History of Financial Crises and Proposed Reforms 3

CHAPTER 2 Financialization and the Decoupling-Recoupling Hypotheses 31

PART TWO RISK SHARING AND THE ISLAMIC PARADIGM

CHAPTER 3 A Brief History of Risk-Sharing Finance 49

CHAPTER 4 Risk Sharing and the Islamic Finance Paradigm 69

CHAPTER 5 Risk Sharing in the Islamic Financial System: The Building Blocks 95

CHAPTER 6 Risk Sharing and Vibrant Capital Markets in Islamic Finance 115

CHAPTER 7 Portfolio Theory and Asset Pricing 133

CHAPTER 8 Complementary Role of Intermediaries and Markets in Promoting Risk Sharing 159

PART THREE MOVING FORWARD

CHAPTER 9 Enhanced Access to Finance, Social Welfare, and Economic Development under a Risk-Sharing System 181

CHAPTER 10 The Role of Institutions and Governance in Risk Sharing 201

CHAPTER 11 Gaps between the Theory and Practice of Islamic Finance 225

CHAPTER 12 Concluding Remarks 247

References 259

Index 277

BANK FOR INTERNATIONAL SETTLEMENTS MARCH 12-16 2012: ISLAMIC FINANCE

Central bankers’ speeches for the week 12-16 March now available‏

Press, Service (press@bis.org)

Fri 3/16/12

Central bankers’ speeches for 16 March 2012
now available on the BIS website

Muhammad bin Ibrahim: Pilot platform for cross-border investment and settlement of debt securities

Peter Pang: Pilot platform for cross-border investment and settlement of debt securities

Per Jansson: Some aspects of the economic situation

José Manuel González-Páramo: What has Europe learnt from the crisis?

Yaseen Anwar: Mobile banking in Pakistan

Stefan Ingves: Financial stability is important for us all

Ravi Menon: Forces driving the global economic outlook

Central bankers’ speeches for 15 March 2012
now available on the BIS website

Ben S Bernanke: Community banking

Patrick Honohan: Household indebtedness – context, consequence & correction

Prasarn Trairatvorakul: Thailand – assessment of recent economic performance and challenges for the period ahead

Anand Sinha: Striking a balance – credit penetration and NPA management – role of information sharing

Mario Draghi: Competitiveness of the euro area and within the euro area

Ardian Fullani: Recent economic and monetary developments in Albania

Andrew G Haldane: Towards a common financial language

Ardian Fullani: Albania’s Financial Sector Development Program

Central bankers’ speeches for 14 March 2012
now available on the BIS website

Zeti Akhtar Aziz: Islamic finance – new frontiers in financing the economy

Central bankers’ speeches for 13 March 2012
now available on the BIS website

Mario Draghi: ECB press conference – introductory statement

Tiff Macklem: Promoting growth, mitigating cycles and inequality – the role of price and financial stability

Rundheersing Bheenick: Working in the interest of Mauritius – Central Banker of the Year 2012, Africa

Central bankers’ speeches for 12 March 2012
now available on the BIS website

Benoît Coeuré: The reform of financial regulation – priorities from a European Central Bank perspective

Richard W Fisher: “Not to be used externally, but also harmful if swallowed” – projecting the future of the economy and lessons learned from Texas and Mexico

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for the week 12-16 March now available‏

http://www.bis.org/list/cbspeeches/index.htm

Press, Service (press@bis.org)

Fri 3/16/12

BANK FOR INTERNATIONAL SETTLEMENTS NOVEMBER 17 2011: ISLAMIC FINANCE

Central bankers’ speeches for 17 November now available‏

Press, Service (press@bis.org)

Thu 11/17/11

Central bankers’ speeches for 17 November 2011

now available on the BIS website

Andreas Dombret: Back home – making the G20 Summit commitments work

Glenn Stevens: The role of internal audit in financial services firms

Vítor Constâncio: A European solution for crisis management and bank resolution

Yves Mersch: Challenges of excessive indebtedness

Zeti Akhtar Aziz: The new Islamic finance landscape

Duvvuri Subbarao: Financial regulation for growth, equity and stability in the post-crisis world

K C Chakrabarty: Empowering deposit insurance entities to face challenges posed by an emerging financial landscape – global and Indian experience

Peter Praet: Fixed income investment of insurance companies and pension funds in a low yield – but volatile – environment

DeLisle Worrell: Challenges facing Caribbean economists

Dimitar Bogov: Modern payment systems’ impact on monetary policy and financial stability

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm.

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

http://www.bis.org/list/cbspeeches/index.htm

Central bankers’ speeches for 17 November now available‏

Press, Service (press@bis.org)

Thu 11/17/11

BANK FOR INTERNATIONAL SETTLEMENTS OCTOBER 26-27 2011: ISLAMIC FINANCIAL INDUSTRY

Central bankers’ speeches for 26 and 27 October now available‏

Press, Service (press@bis.org)

Fri 10/28/11

Central bankers’ speeches for 27 October 2011

now available on the BIS website

Mark Carney: Summary of the latest Monetary Policy Report

Yves Mersch: Optimal currency area revisited

Rasheed Mohammed Al Maraj: Relevance of international standards to the Islamic financial industry

Mario Draghi: 2011 World Savings Day

Central bankers’ speeches for 26 October 2011

now available on the BIS website

Andrew G Haldane: Control rights (and wrongs)

Mugur Isărescu: Challenges to economic growth in the European Union – reforms for the future of Europe

Lorenzo Bini Smaghi: The European debt crisis

All speeches from 1997 onwards are available from the BIS website at:

http://www.bis.org/list/cbspeeches/index.htm

Communications

Bank for International Settlements

E-mail: press@bis.org

Website: www.bis.org

Phone: +41 61 280 8188

Bank for International Settlements (BIS)

Central bankers’ speeches for 26 and 27 October now available‏

http://www.bis.org/list/cbspeeches/index.htm

Press, Service (press@bis.org)

Fri 10/28/11