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السياسات النقدية في إطار إسلامي
[Monetary Policy in an Islamic Framework]

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Abstract

In orders to understand the role of monetary policies in treating inflation within an Islamic economic system, the paper starts with a profile of forms money, followed by a quick comparison between the structures of the banking system in both conventional and Islamic economies and then, it discusses the question of price stability, and the imperative to maintain it. The last two parts relates the levels of economic activity in both conventional and Islamic economies to changes in the money supply and discusses the role of monetary policies in achieving price stability. Finally, the paper concludes with a number of findings and recommendations.

Suggested Citation

  • Al-Jarhi, Mabid, 2000. "السياسات النقدية في إطار إسلامي
    [Monetary Policy in an Islamic Framework]
    ," MPRA Paper 67547, University Library of Munich, Germany, revised 2002.
  • Handle: RePEc:pra:mprapa:67547
    as

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    File URL: https://mpra.ub.uni-muenchen.de/67547/1/MPRA_paper_67547.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    monetary policy; Islamic economics; inflation; money supply; interest rate; transmission mechanism;

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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