a comparison of the operational aspects in islamic and non-islamic banking systems
نویسندگان
چکیده
the present paper is an attempt to: 1- demonstrate how money is created (by the nature of the system), and to estimate the inflation resulting from monetary factors in both usurious and non-usurious systems. operational aspects of islamic and non-islamic banking systems are compared. 2- introduce a corrective term to be added to the multiplier of the supply of money, in order to prevent the under-estimation of the multiplier into the usurious system.
منابع مشابه
A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems
The present paper is an attempt to: 1- Demonstrate how money is created (by the nature of the system), and to estimate the inflation resulting from monetary factors in both usurious and non-usurious systems. Operational aspects of Islamic and non-Islamic banking systems are compared. 2- Introduce a corrective term to be added to the multiplier of the supply of money, in order to prevent the und...
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عنوان ژورنال:
iranian economic reviewجلد ۸، شماره ۸، صفحات ۴۷-۶۲
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