The financial system and monetary policy in an Islamic economy
Other Title(s)
النظام المالي و السياسة النقدية في اقتصاد إسلامي
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 1, Issue 1 (31 Mar. 1989), pp.39-57, 19 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
1989-03-31
Country of Publication
Saudi Arabia
No. of Pages
19
Main Subjects
Economics & Business Administration
Abstract EN
The main characteristics of an Islamic financial system are described relying on recent writings on the subject and on the actual practice of Islamic banking.
A theoretical model of an Islamic economic system is developed by generalizing the standard IS-LM model in order to study the effects of monetary policy on the macroeconomic variables of an Islamic economy.
Whether the authorities attempt to influence monetary conditions through changing the money supply or use the flow of Mudarabah financing as an intermediate objective, there would be no fundamental change in the way monetary policy affects economic variables.
An expansionary monetary policy would reduce rates of return and increase output.-
American Psychological Association (APA)
Khan, Muhsin S.& Mirakhur, Abbas. 1989. The financial system and monetary policy in an Islamic economy. Journal of King Abdulaziz University : Islamic Economics،Vol. 1, no. 1, pp.39-57.
https://search.emarefa.net/detail/BIM-415703
Modern Language Association (MLA)
Khan, Muhsin S.& Mirakhur, Abbas. The financial system and monetary policy in an Islamic economy. Journal of King Abdulaziz University : Islamic Economics Vol. 1, no. 1 (1989), pp.39-57.
https://search.emarefa.net/detail/BIM-415703
American Medical Association (AMA)
Khan, Muhsin S.& Mirakhur, Abbas. The financial system and monetary policy in an Islamic economy. Journal of King Abdulaziz University : Islamic Economics. 1989. Vol. 1, no. 1, pp.39-57.
https://search.emarefa.net/detail/BIM-415703
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 56-55
Record ID
BIM-415703