Year
2000
Country
United States
Language
English
Abstract
The ultimate aim of any successful monetary policy is to achieve economic growth, reduce inflation, and lower unemployment. Under an Islamic monetary system, such targets can only be achieved through monetary instruments consistent with Islamic teachings. It is important to determine the demand for Islamic monetary instruments in dual banking systems. How valid and effective are Islamic monetary instruments in such a system? The existing Basle agreement is hindering the Islamic financial market; separate liquidity and reserves ratios for Islamic monetary instruments would be a more viable alternative.
English
ISSN/ISBN
0972-138X
No. of Pages
pp. 3-11
Number
1
Volume
2
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No