Central banking and monetary policy in Muslim-majority countries:

1. Introduction -- 2. Bahrain -- 3. Bangladesh -- 4. Egypt -- 5. Indonesia -- 6. Iran -- 7. Malaysia -- 8. Pakistan -- 9. Saudi Arabia -- 10. Turkey

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Hossain, Akhand Akhtar (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Cheltenham Edward Elgar Pub. Ltd 2015
Schriftenreihe:Edward Elgar E-Book Archive
Schlagworte:
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Zusammenfassung:1. Introduction -- 2. Bahrain -- 3. Bangladesh -- 4. Egypt -- 5. Indonesia -- 6. Iran -- 7. Malaysia -- 8. Pakistan -- 9. Saudi Arabia -- 10. Turkey
The introduction of Islamic banking and finance across the globe strengthens the argument for low and stable inflation and rule-based monetary policy for sustained economic growth. Although Islamic banking and finance may have created some complexities in financial transactions it remains consistent with Classical monetary theory and has created opportunities for improving the infrastructure of central banks and monetary policy to maintain both price and economic stability. This book reviews key aspects of central banking and monetary policy in selected Muslim-majority countries which have introduced Islamic banking and finance alongside conventional banking since the 1980s. The selected countries are Bahrain, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, Saudi Arabia and Turkey. While reviewing country-specific experiences and issues in inflation and monetary policy, and analysing them from an historical context, emphasis is given to the evolution of Islamic banking and finance and the consequent institutional developments for maintaining price stability. Macroeconomic problems under these regimes are also highlighted and their policy implications drawn. This volume will be of great value to students and researchers interested in Islamic banking and finance, and macroeconomic and monetary policy issues in Muslim-majority countries
Beschreibung:Includes bibliographical references and index
Beschreibung:1 Online-Ressource (xvi, 374 Seiten) ill
ISBN:9780857937834
DOI:10.4337/9780857937834