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Monetary Policy in Perspective Conventional Economy and Islamic Economics

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  • Mujahidin, Muhamad

Abstract

This article describes the perspective of differences between monetary policy in conventional economics and Islamic economics. By using a negation approach, this study concludes that Islamic monetary policy offers an economic system that is more resistant to monetary crises because the Islamic monetary system does not use an interest rate system so that it can stabilize prices more and be able to control inflation compared to the conventional monetary system.

Suggested Citation

  • Mujahidin, Muhamad, 2019. "Monetary Policy in Perspective Conventional Economy and Islamic Economics," MPRA Paper 94693, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:94693
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    File URL: https://mpra.ub.uni-muenchen.de/94693/1/MPRA_paper_94693.pdf
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    References listed on IDEAS

    as
    1. Kiaee, Hasan, 2007. "Monetary Policy In Islamic Economic Framework: Case of Islamic Republic of Iran," MPRA Paper 4837, University Library of Munich, Germany.
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      More about this item

      Keywords

      Islamic Economics; Sharia Economy; Monetary; Islamic Monetary;
      All these keywords.

      JEL classification:

      • A10 - General Economics and Teaching - - General Economics - - - General
      • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
      • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics
      • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
      • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
      • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
      • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
      • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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