Monetary Policy in an Islamic Framework

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  • MPRAMunich Personal RePEc Archive

    Monetary Policy in an IslamicFramework

    Mabid Al-Jarhi

    2000

    Online at https://mpra.ub.uni-muenchen.de/67547/MPRA Paper No. 67547, posted 1. November 2015 12:24 UTC

    http://mpra.ub.uni-muenchen.de/https://mpra.ub.uni-muenchen.de/67547/

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    1 Nominal rate of interest 2 fiat money 3 Real monetary balances, or real balances. . 4 real rate of interest

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    6 Rate of time preference. 7 General equilibrium models with cash-in-advance constraint. 8 Asymptotic behavior 9 Liquidity Trap.

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    .11 Commodity finance

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    15 Ex ante information asymmetry

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    17Moral Hazard .2000 18 . 19

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    Commercial or Transactional banks.

    21 Investment Banks.

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    Banques Daffaires, Relationship Banks.

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    Universal Banking , All Finanz.

    24Banking Theory

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    26Monitoring

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    ,Aoki ( 1994.(

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    27Ex Ante Monitoring

    28Ex Post Monitoring

    29Interim Monitoring 30 risk coefficients 31 significance

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    Division of labor

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    34 Total reserves, as opposed to fractional reserves.

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    Automatic Tellers Card.

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    37 Credit cards.

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    38Syndicated Finance

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    39Monetary Base, Reserve Money, High-Powered Money

    40Derivative deposits.

    41Central Deposits.

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    42Benchmark.

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    44Optimal monetary policy.

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    45Return illusion.

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    49 Real Transactions. 50 Nominal Transactions.

    .Monetary (Nominal) Assets 51

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    52Elasticities of Adjustment

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    54Accounting and Auditing Organization for Islamic Financial Institutions.

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    55 Capital adequacy 56 risk-weighted assets.

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    57Limits of exposure 58 Off-balance sheet items

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    61Sterilization. 62 .

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