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Document Details
Document Type
:
Article In Journal
Document Title
:
The Financial System and Monetary Policy in an Islamic Economy
النظام المالي والسياسة النقدية في اقتصاد إسلامي
Subject
:
Articles
Document Language
:
English
Abstract
:
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.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
1
Issue Number
:
1
Publishing Year
:
1409 AH
1989 AD
Number Of Pages
:
19
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
محسن س. خان
MOHSIN S. KHAN
Researcher
عباس ميراخور
ABBAS MIRAKHOR
Researcher
Files
File Name
Type
Description
21144.pdf
pdf
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