{"product_id":"financial-system-transformation-for-welfare-and-sustainability-9783112259115","title":"Financial System Transformation for Welfare and Sustainability","description":"\u003cp\u003eThis volume responds to persistent financial instability, widening inequality, and recurrent sovereign debt crises associated with interest rate-centered monetary systems. It contends that these challenges are structural in nature and therefore necessitate comprehensive institutional redesign rather than incremental policy reform.\u003c\/p\u003e \u003cp\u003e\u003cem\u003eFinancial System Transformation for Welfare and Sustainability\u003c\/em\u003e develops a systemic framework for restructuring finance beyond the conventional interest-based paradigm, employing Pakistan as an illustrative case study. It advances a critique of fractional-reserve banking and debt-based money creation, proposing instead a model centered on full-reserve deposit banking, distinct risk-based investment intermediation, and a benchmark anchored in an equity risk premium linked to real-sector returns. The analysis integrates reforms across monetary policy, banking architecture, capital markets, public finance, governance, and social finance, situating these within a unified ethical and institutional framework.\u003c\/p\u003e \u003cp\u003eBy combining normative foundations with operational design and a phased transition strategy, the study prioritizes financial stability, equitable development, and shared welfare, offering scholars, regulators, and policymakers a practical and transferable blueprint for a more resilient, just and welfare-oriented financial system.\u003c\/p\u003e","brand":"Muhammad Ayub","offers":[{"title":"Default Title","offer_id":49053033890043,"sku":"9783112259115","price":109.99,"currency_code":"USD","in_stock":true}],"url":"https:\/\/indiepubs.com\/products\/financial-system-transformation-for-welfare-and-sustainability-9783112259115","provider":"IndiePubs","version":"1.0","type":"link"}