Radical uncertainty, non-predictability, antifragility and risk-sharing Islamic finance

Under conditions of radical uncertainty, risk sharing renders financial systems anti-fragile. Our goal in this paper is to show that risk-sharing Islamic finance (RSIF) shares the characteristics defined by Taleb for an anti-fragile system, by mapping some characteristics of anti-fragility onto thos...

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Bibliographic Details
Main Authors: Umar Rafi, Abbas Mirakhor, Hossein Askari
Format: Article
Language:English
Published: Associazione Economia civile 2016-12-01
Series:PSL Quarterly Review
Subjects:
Online Access:http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/13794/13565