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 TypeDr GradeEmail
محسن س. خان MOHSIN S. KHANResearcher  
عباس ميراخورABBAS MIRAKHORResearcher  

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