The rapid development of economic activity followed by the financial institutions (banks) both conventional and using Islamic principles, in banking world often use money market facilities its operations, because certain circumstances bank may experience excess or lack liquidity short term which is less than one year. only that allowed does not interest system, this to avoid riba nasi'ah loss (...

‘a-jr ‘it! V V ITHIN the Federal Reserve System, the body that determines the nation’s monetary policy is the Federal Open Market Committee (FOMC). The FOMC meets several times each year, specifying targets for the federal funds rate and money growth over the period until the next scheduled meeting.’ Twice each year, in February and July, the FOMC also announces its annual objectives for growth...

Bagehot (1873) states that in order to prevent bank panics a central bank should provide liquidity to the market at a “very high rate of interest”. This seems to be in sharp contrast with the policy adopted by the Federal Reserve after September 11 when, for a few days, the Federal Funds Rate was very close to zero. This paper shows that Bagehot’s recommendation can be reconciled with the Fed’s...

This paper considers the welfare consequences of two particularly simple rules for monetary policy: an interest rate peg and a money growth peg. The model economy consists of a real side that is the standard real business cycle model, and a monetary side that amounts to imposing cash-in-advance constraints on certain market transactions. The paper also considers the effect of assuming a rigidit...

the objective of this study is to estimate the demand for money in iran using the autoregressive distributed lag (ardl) approach to cointegration analysis. the empirical results show that there is a unique cointegrated and stable long-run relationship among m1 monetary aggregate, income, inflation and exchange rate. we find that the income elasticity and exchange rate coefficients are positive ...

Fuzzy set has been applied in many real applications to handle uncertainty. The aim of the paper is to study the replacement problem with uncertainty. This problem involves capital cost, scrap value or salvage value, maintenance cost or operating cost, and rate of interest having an imprecise value. Here, we assume the imprecise values as positive trapezoidal fuzzy numbers. Moreover, we conside...

Bagehot (1873) states that in order to prevent bank panics a central bank should provide liquidity to the market at a “very high rate of interest.” This seems to be in sharp contrast with the policy adopted by the Federal Reserve after September 11 when, for a few days, the federal funds rate was very close to zero. This paper shows that Bagehot’s recommendation can be reconciled with the Fed’s...

This study examines the effect of macroeconomic variables on stock market performance in Malaysia from January 2015 to December 2021. The included this are inflation rate, real effective exchange m2 money supply and short-term interest rate. Johansen Cointegration Test has been utilized if have long-term impact Malaysian performance; whereas regression analysis will quantify impact. results sho...