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Document Details
Document Type
:
Article In Journal
Document Title
:
Saving Behavior in An Economy without Fixed Interest
السلوك الإدخاري في نظام اقتصادي خال من الفائدة الثابتة
Subject
:
Articles
Document Language
:
Arabic
Abstract
:
Would the adoption of an Islamic Financial system, which strictly prohibits interest on borrowed money, lead to a reduction of savings? This paper provides an analytical point of reference for answering this question. It first reviews the previous attempts to analyze the impact of in creased uncertainty an individual saving (e.g. by Fisher, Hirshleifer, Baulding, Sandmo, Phelps, etc.). The paper derives the condition that must hold in order for increased uncertainty to depress savings. This condition requires that the rate of return when risk is present must be no more than when risk is absent. The paper briefly discusses whether this condition is likely to prevail in an Islamic economy.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
4
Issue Number
:
1
Publishing Year
:
1412 AH
1992 AD
Number Of Pages
:
17
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
نديم الحق
NADEEM ULHAQUE
Researcher
عباس ميراخور
ABBAS MIRAKHOR
Researcher
Files
File Name
Type
Description
21002.pdf
pdf
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