This paper claims that to propose an alternative way through
the establishment of monetary policy. The definition of rationale human
behavior in conventional system and the definition of rational human behavior in
Islamic economic system are different in many ways so that the driver dynamics
of the conventional economic system and Islamic economic system are
differentiating. The demand of money which is the crucial point for conducting
monetary policy in two systems is driven with different necessities. Due to
stability of demand of money and robust financial system in the context of
Islamic banking system, monetary policy can be more effective through providing
price stability. Monetary policy in the context of Islamic finance do not
commit just price stability but also commit more equate socio-economic justice
and equitable distribution of income and wealth and optimum rate of growth.
Bölüm | Makaleler |
---|---|
Yazarlar | |
Yayımlanma Tarihi | 30 Haziran 2017 |
Yayımlandığı Sayı | Yıl 2017 Cilt: 4 Sayı: 1 |
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