Abstract
This paper analyses the aggregate net income equation for the Islamic and the conventional economies derived from the sectorial balance sheets based on the flow of funds framework. For this purpose the economy was divided into four sectors such as households and enterprises, private banks, the central bank and the government. Comparison of the variables of the equation for the Islamic and the conventional economies related to sectors, financial and economic indicators provided an opportunity to discuss the differences and the common issues for monetary policy in the Islamic and the conventional economies returning us to the nature of monetary policy.
References
- International Shari’ahs Research Academy for Islamic Finance (ISRA). Islamic Financial System. Principles and Operations, 2011, рр. 47-59, 300-302, 299-322.
- Абдыбалы тегин, С. Экономикада акча сунушун турукташтыруу маселелери // Реформа. – Бишкек. – 2016. – № 1(69). – С. 27-39.
- Fry M. J. Money, Interest and Banking in Economic Development. – 2nd ed., The John Hopkins press ltd., London, 1995, рр. 3-5.
- Абдыбалы тегин С. Ислам банкчылыгы. ЧП Кожогулов. – Бишкек, 2016. – Б. 347-348.
- Green C. J. and Murinde V. “Flow of Funds and the Macroeconomic Policy Framework for Financial Restructuring in Transition Economies”, in: J. Doukas, V. Murinde and C. Wihlborg (Eds.), Financial Sector Reform and Privatization in Transition Economies, Amsterdam: Elsevier Science B. V. (North Holland), 1998, pp. 239-299.
- Sen K., Roy T., Krishnan R. and Mundlay A. “A Flow of Funds Model for India and its Implications”, Journal of Policy Modeling, Vol.18, No.5, 1996, pp.469-494.
- Green C.J. and Murinde V. Flow of Funds: Implications for Research on Financial Sector Development and the Real Economy. Loughborough University. Economic Research Paper, No.00/6, 2000.
- Murinde V. Development Banking and Finance, Aldershot: Ashgate, 1996.
- Honohan P., Atiyas I. “Intersectoral Financial Flows in Developing Countries”, Working papers, WPS 164, World Bank, 1989.
- Honohan P., Atiyas I. “Intersectoral Financial Flows in Developing Countries”, The Economic Journal, Vol.103, No 418, 1993, pp. 666-679.
- Moore T., Green C., J. and Murinde V.”Financial Sector Reforms and Stochastic Policy Simulations: a Flow of Funds Model”, Journal of Policy Modeling, No. 28, 2006, рр. 319-333.
- Green C., J., Murinde V. and Moore T. The Flow of Funds’ Finance and Development Briefing Papers, June, Finance and Development, Department for International Developmen, 2002.
- Green C., J., Murinde V. “Flow of Funds: Implications for Research on Financial Sector Development and the Real Economy”, Journal of International Developmen, No.15, 2003, рр. 1015-1036.
- Podolski T. M. Financial Innovation and the Money Supply, 1986, рр. 45-51.
- Mishkin F. S. The Economics of Money, Banking and Financial Markets, 200, рр. 201-202.
Abstract
В статье анализируется уравнение чистого совокупного дохода для исламской и традиционной экономик, выведенное на базе потоков секторальных фондов. Экономика с применением процентной ставки была рассмотрена в качестве традиционной экономики. Для этих целей экономика была условно разделена на секторы домохозяйств и предприятий, частных банков, центрального банка и правительства. Сравнение величин уравнений для исламской и традиционной экономик, финансовых и экономических показателей секторов позволило проанализировать различия и схожие вопросы исламской и традиционной экономик, что вернуло нас к обсуждению природы монетарной политики.
Keywords
природа монетарной политики исламская и традиционная процентная экономика база потоков фондов
References
- International Shari’ahs Research Academy for Islamic Finance (ISRA). Islamic Financial System. Principles and Operations, 2011, рр. 47-59, 300-302, 299-322.
- Абдыбалы тегин, С. Экономикада акча сунушун турукташтыруу маселелери // Реформа. – Бишкек. – 2016. – № 1(69). – С. 27-39.
- Fry M. J. Money, Interest and Banking in Economic Development. – 2nd ed., The John Hopkins press ltd., London, 1995, рр. 3-5.
- Абдыбалы тегин С. Ислам банкчылыгы. ЧП Кожогулов. – Бишкек, 2016. – Б. 347-348.
- Green C. J. and Murinde V. “Flow of Funds and the Macroeconomic Policy Framework for Financial Restructuring in Transition Economies”, in: J. Doukas, V. Murinde and C. Wihlborg (Eds.), Financial Sector Reform and Privatization in Transition Economies, Amsterdam: Elsevier Science B. V. (North Holland), 1998, pp. 239-299.
- Sen K., Roy T., Krishnan R. and Mundlay A. “A Flow of Funds Model for India and its Implications”, Journal of Policy Modeling, Vol.18, No.5, 1996, pp.469-494.
- Green C.J. and Murinde V. Flow of Funds: Implications for Research on Financial Sector Development and the Real Economy. Loughborough University. Economic Research Paper, No.00/6, 2000.
- Murinde V. Development Banking and Finance, Aldershot: Ashgate, 1996.
- Honohan P., Atiyas I. “Intersectoral Financial Flows in Developing Countries”, Working papers, WPS 164, World Bank, 1989.
- Honohan P., Atiyas I. “Intersectoral Financial Flows in Developing Countries”, The Economic Journal, Vol.103, No 418, 1993, pp. 666-679.
- Moore T., Green C., J. and Murinde V.”Financial Sector Reforms and Stochastic Policy Simulations: a Flow of Funds Model”, Journal of Policy Modeling, No. 28, 2006, рр. 319-333.
- Green C., J., Murinde V. and Moore T. The Flow of Funds’ Finance and Development Briefing Papers, June, Finance and Development, Department for International Developmen, 2002.
- Green C., J., Murinde V. “Flow of Funds: Implications for Research on Financial Sector Development and the Real Economy”, Journal of International Developmen, No.15, 2003, рр. 1015-1036.
- Podolski T. M. Financial Innovation and the Money Supply, 1986, рр. 45-51.
- Mishkin F. S. The Economics of Money, Banking and Financial Markets, 200, рр. 201-202.
Abstract
This paper analyses the aggregate net income equation for the Islamic and the conventional economies derived from the sectorial balance sheets based on the flow of funds framework. For this purpose the economy was divided into four sectors such as households and enterprises, private banks, the central bank and the government. Comparison of the variables of the equation for the Islamic and the conventional economies related to sectors, financial and economic indicators provided an opportunity to discuss the differences and the common issues for monetary policy in the Islamic and the conventional economies returning us to the nature of monetary policy.
References
- International Shari’ahs Research Academy for Islamic Finance (ISRA). Islamic Financial System. Principles and Operations, 2011, рр. 47-59, 300-302, 299-322.
- Абдыбалы тегин, С. Экономикада акча сунушун турукташтыруу маселелери // Реформа. – Бишкек. – 2016. – № 1(69). – С. 27-39.
- Fry M. J. Money, Interest and Banking in Economic Development. – 2nd ed., The John Hopkins press ltd., London, 1995, рр. 3-5.
- Абдыбалы тегин С. Ислам банкчылыгы. ЧП Кожогулов. – Бишкек, 2016. – Б. 347-348.
- Green C. J. and Murinde V. “Flow of Funds and the Macroeconomic Policy Framework for Financial Restructuring in Transition Economies”, in: J. Doukas, V. Murinde and C. Wihlborg (Eds.), Financial Sector Reform and Privatization in Transition Economies, Amsterdam: Elsevier Science B. V. (North Holland), 1998, pp. 239-299.
- Sen K., Roy T., Krishnan R. and Mundlay A. “A Flow of Funds Model for India and its Implications”, Journal of Policy Modeling, Vol.18, No.5, 1996, pp.469-494.
- Green C.J. and Murinde V. Flow of Funds: Implications for Research on Financial Sector Development and the Real Economy. Loughborough University. Economic Research Paper, No.00/6, 2000.
- Murinde V. Development Banking and Finance, Aldershot: Ashgate, 1996.
- Honohan P., Atiyas I. “Intersectoral Financial Flows in Developing Countries”, Working papers, WPS 164, World Bank, 1989.
- Honohan P., Atiyas I. “Intersectoral Financial Flows in Developing Countries”, The Economic Journal, Vol.103, No 418, 1993, pp. 666-679.
- Moore T., Green C., J. and Murinde V.”Financial Sector Reforms and Stochastic Policy Simulations: a Flow of Funds Model”, Journal of Policy Modeling, No. 28, 2006, рр. 319-333.
- Green C., J., Murinde V. and Moore T. The Flow of Funds’ Finance and Development Briefing Papers, June, Finance and Development, Department for International Developmen, 2002.
- Green C., J., Murinde V. “Flow of Funds: Implications for Research on Financial Sector Development and the Real Economy”, Journal of International Developmen, No.15, 2003, рр. 1015-1036.
- Podolski T. M. Financial Innovation and the Money Supply, 1986, рр. 45-51.
- Mishkin F. S. The Economics of Money, Banking and Financial Markets, 200, рр. 201-202.
Details
| Primary Language | Russian |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | March 31, 2019 |
| Submission Date | January 5, 2019 |
| Published in Issue | Year 2019 Issue: 81 |