Islamic monetary economics and institutions : theory and practice /: theory and practice. (2019)

• Record Type: Book
• Further Information: Note: Muhamed Zulkhibri, Turkhan Ali Abdul Manap, Aishath Muneeza, editors.
• Other Names: Zulkhibri, Muhamed; Manap, Turkhan Ali Abdul; Aishath Muneeza
• Contents: Intro; Foreword; Preface; References; Contents; About the Guest Editor; About the Editors; Contributors; List of Figures; List of Tables; Chapter 1: Introduction; 1.1 Overview; 1.2 Theoretical Foundation of Monetary Policy from Islamic Perspectives; 1.3 Monetary Policy, Policy Instruments, and Financial Stability in Islamic Economy; 1.4 Conclusion; References; Part I: Theoretical Foundation of Monetary Policy from Islamic Perspectives; Chapter 2: Monetary Economics and Macroeconomic Model for an Islamic Economy; 2.1 Introduction; 2.2 Macroeconomic Model for an "Islamic" Economy 2.3 Monetary Economics in an "Islamic" Economy2.3.1 Demand for Money in "Islamic" Economy; 2.3.2 Money Demand Function in "Islamic" Economy; 2.3.3 Monetary Policy in "Islamic" Economy; 2.4 Islamic Perspective on Monetary Policy for Present-Day Muslim Economies; 2.4.1 Cost of Holding Money in Islamic Perspective; 2.4.2 Money Demand Management in Present-Day Muslim Economies; 2.4.3 Money Supply in Present-Day Muslim Economies; 2.4.4 Equilibrium in Money Market; 2.4.5 Need for Monetary Policy in Present-Day Muslim Economies; 2.5 Outline of Monetary Policy for Present-Day Muslim Economy 2.5.1 Strategy for Gradually Reducing the Trading of Debt-Based Financial Instruments in Secondary Market2.5.2 Shari'ah Supervision of Monetary Policy; 2.6 Conclusion; Appendix I: Beyond Market Economics in an Islamic Economy; Appendix II: Macroeconomic Objectives of an Islamic Economy; References; Chapter 3: Islamic Monetary Economics: Insights from the Literature; 3.1 Introduction; 3.2 Literature Review; 3.2.1 A Brief History of Monetary Evolution and Early Islamic Monetary Policy; 3.3 Islamic Monetary Economics: Equity vs. Interest Rate 3.4 Demand and Supply of Money in Islamic Monetary System3.5 Framework of Interest-Free Monetary Policy; 3.6 Empirical Literature on Islamic Monetary Economics; 3.7 Implications; 3.8 Conclusion; References; Chapter 4: On Normative and Logical Foundations of Monetary Policy; 4.1 Introduction; 4.2 Why Monetary Authorities Target Inflation?; 4.3 Monetary Authorities Don't Care About Socioeconomic Implications; 4.4 Is It Sensible to Control Inflation?; 4.5 Unemployment and Inflation Trade-Off and Its Moral Implications; 4.6 Inflation Targeting and Its Moral Implication 4.7 The Cost Channel of Monetary Transmission Mechanism4.8 Cost Versus Demand Channels and Employment; 4.9 Monetary Policy and Income Inequality; 4.10 Conclusion; References; Chapter 5: Historical and Ideological Peculiarity of the Monetary Institutions: Islamic and Austrian School's Perspectives; 5.1 Introduction; 5.2 Historical and Cultural Particularity of an Institution; 5.3 Origin of Modern Monetary System; 5.4 Austrian School of Economics on Modern Monetary System; 5.5 Money Creation Through FRB System and Islamic Banks (IBs); 5.5.1 If Financing Is Asset Backed Will It Cause Inflation?
• Publisher Details: Cham : Springer
• Publication Date: 2019
• Extent: 1 online resource (214 pages)
• Subjects: 332; Finance -- Religious aspects -- Islam; Monetary policy; Finance -- Religious aspects -- Islam; Monetary policy; Electronic books
• Languages: English
• ISBNs: 9783030240059; 3030240053
• Related ISBNs: 9783030240042
• Notes: Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.