Despite the skepticism regarding the adaptation of Islamic finance in the international financial system, large banks are buying Islamic bonds and creating branches that operate around the world by applying their methods of financing, the principle of sharia, namely prohibition of interest. Generally, they apply to investment operations, procurement of goods, services or assets. In what follows, we will evaluate the experience of Islamic finance since the 70s to the present, while studying its appearance, its main funding patterns and trends across the world, to finish with the challenges by the latter, which was deemed obsolete again, now rival the current financial system and becomes his redoubtable challenger.
The current financial crisis is the worst that the world has known since the 1930s, it marks the end of an era of credit expansion based on the dollar as the international reserve currency. This crisis is different from previous crises were part of a cycle of boom and bust. The problems started in spring 2007 with the crisis in the American mortgage (subprime) resulting in bankruptcies, including one of America's greatest institutions markets, in what follows we will analyze and determine the causes, consequences of the crisis and proposed solutions to circumvent it.
The link between inflation and growth has often been the center of debate and has attracted much attention. In this context, this work is an attempt to determine the possible relationship between inflation and growth through an econometric study using the method of panel data (the panel includes in one side the United States, in the other Europe represented by France, Germany, the United Kingdom, Italy and Spain), we tried to confirm the thesis that states: inflation is negatively related to growth, was also exposed in this work policies against inflation and deflation to achieve the idea that both are harmful to growth hence the idea of targeting. So of this work, we can conclude that there is a negative relationship between inflation and growth where we must set a limit inflation above (and below) which fight against inflation Night the economy.
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