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Stabilization and Growth in an Open Islamic Economy

Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the economy. It analyzes the long-run effects of Islamic banking on international capital flows and on the economy’s capacity to adjust to disturbances. It concludes that monetary policy can be used effectively for stabilization purposes and that disturbances to asset positions are absorbed efficiently in an Islamic financial system.

Ketersediaan
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36290
Tersedia
Informasi Detail
Judul Seri
-
No. Panggil
36290
Penerbit
: International Monetary Fund.,
Deskripsi Fisik
28
Bahasa
ISBN/ISSN
1451921136
Klasifikasi
-
Tipe Isi
-
Tipe Media
-
Tipe Pembawa
-
Edisi
-
Subjek
-
Info Detail Spesifik
-
Pernyataan Tanggungjawab
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