Document Details

Document Type : Article In Journal 
Document Title :
Modeling Monetary Control in an Interest- Free Economy
إدارة النقود في اقتصاد خال من الفائدة
 
Subject : Articles  
Document Language : English 
Abstract : The paper discusses the role of monetary policy in an interest-free economy by developing a general equilibrium model. The Central Bank can manipulate three basic instruments for monetary' control: the reserve ratio, the profit sharing ratio and the equity holding of banks Thus it achieves its intermediate target pegging the equilibrium rates of return in the economy. Real money demand can he stimulated by raising the resent ratio for banks. For contraction of money demand the profit sharing ratio can he raised, even though indirectly. The mode! does not however integrate uncertainty into the analysis or elaborate on inflation and its effects on the real sector. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 12 
Issue Number : 1 
Publishing Year : 1420 AH
2000 AD 
Number Of Pages : 16 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
عبد الحميد محمد بشيرALI F. DARRATResearcher  
علي فرج ضراطABDEL-HAMEED M. BASHIRResearcher  

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