IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/8134.html
   My bibliography  Save this paper

Ensuring exchange rate stability: Is return to gold (Dinar)possible?

Author

Listed:
  • Hasan, Zubair

Abstract

This paper shows that the recent euphoria in Malaysia to introduce Gold Dinar as money in Muslim countries is devoid of reason. Despite the destabilizing potential of the current monetary arrangements in the world, the return to gold is neither desired nor practicable. The Denarists, as some prefer to characterize the proponents, are palpably asking for the moon. It is argued here that the introduction of gold money in Muslim countries is in no way an Islamic imperative. And, if enforced, the system is likely to end in a chaotic failure. Sagacity, not emotion, must guide public policy.

Suggested Citation

  • Hasan, Zubair, 2007. "Ensuring exchange rate stability: Is return to gold (Dinar)possible?," MPRA Paper 8134, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:8134
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/8134/1/MPRA_paper_8134.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Chichilnisky,Graciela & Heal,Geoffrey M., 2005. "The Evolving International Economy," Cambridge Books, Cambridge University Press, number 9780521310017, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Edo Omercevic, 2014. "Introducing Good Money: Legal Tender Problem Or Question Of Structured Approach?," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 53-64, March.
    2. Cizakca, Murat, 2010. "The case against the Islamic gold dinar," MPRA Paper 26645, University Library of Munich, Germany.
    3. repec:pra:mprapa:39795 is not listed on IDEAS
    4. Islahi, Abdul Azim, 2013. "Economic and Financial Crises in Fifteenth-Century Egypt: Lessons From the History," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 21, pages 71-94.
    5. Omerčević, Edo, 2013. "Monetary systems, sustainable growth and inclusive economic development," MPRA Paper 44559, University Library of Munich, Germany.
    6. Hasan, Zubair, 2011. "Money creation and control from Islamic perspective," MPRA Paper 28366, University Library of Munich, Germany.

    More about this item

    Keywords

    Gold Standard; Gold Dinar; seigniorage; Exchange rate stability; Bilateral trade agreements;

    JEL classification:

    • E0 - Macroeconomics and Monetary Economics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:8134. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.