Stabilization and Growth in an Open Islamic Economy

Released on by International Monetary Fund
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  • Stabilization and Growth in an Open Islamic Economy Book Detail

  • Author : International Monetary Fund
  • Release Date : 1988-02-25
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 28
  • ISBN 13 : 1451921136
  • File Size : 65,65 MB
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Stabilization and Growth in an Open Islamic Economy by International Monetary Fund PDF Summary

Book Description: 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.

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Islamic Economies

Islamic Economies

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This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in