Kitap Bölümü Finans
The Relative efficiency of interest-free monetary economics the fiat money case
- Yazarlar : Mabid Ali Al-Jarhi
- Editörler : K. Ahmad
- Kodu: 6353
- Eserin Orjinal İsmi: The Relative efficiency of interest-free monetary economics the fiat money case
- Türü: Kitap Bölümü
- Alan: Finans
- Konu(lar): Göreceli Verimlilik
- Dili: İngilizce
- Yayın Yılı: 1980
- Kitap Ismi: Studies in Islamic Economics
- Yayın Yeri: Jeddah
- Yayınevi: International Centre for Research in Islamic Economics, King Abdulaziz University and the Islamic oundation, U.K.
- Sayfa Aralığı: 85-118
- Keywords: Relative Efficiency
- Anahtar Kelimeler: Göreceli Verimlilik
- Açıklama: The purpose of this paper is to challenge the traditional institu- tional arrangement of paying interest on money as an exchange. Both cases of government and privately-produced fiat money are considered. Moreover, private borrowing and financial intermediation are given analytical attention. The paper introduces a set of fiat means of exchange into an economy and a few related questions. First, how much money should an individual use in order to spend his income? Second, how much should the government produce in order to provide for the optimal use of money, and how should it distribute its money? Third, given the size of government money, how much would a private producer supply of his own money under conditions of imperfect information? Fourth, how do private concerns and financial intermediaries behave within our theoretical framework? The fifth and last question is how much should the government produce of its own money, how should it distribute it among different individuals, and what regulations should it impose on the banking system and financial intermediaries, in order to provide for the optimal supply of monetary services? The conclusions of this paper are that economies with no interest payments on borrowing and no bank multiple creation of money are most optimal between the different institutional arrangements con- sidered. This means that it is most efficient if the government initially provides its own money free, lends it free, and imposes 100% reserve ratio on banks.
- Bilgilerin Alındığı Kaynak: Bibliografya Kaydı
Kitap Bölümü
The Relative efficiency of interest-free monetary economics the fiat money case
Yazarlar : Mabid Ali Al-Jarhi
Editörler : K. Ahmad
Detaylar
| Kodu | 6353 |
| Eserin Orjinal İsmi | The Relative efficiency of interest-free monetary economics the fiat money case |
| Türü | Kitap Bölümü |
| Alan | Finans |
| Konu(lar) | Göreceli Verimlilik |
| Dili | İngilizce |
| Yayın Yılı | 1980 |
| Kitap Ismi | Studies in Islamic Economics |
| Yayın Yeri | Jeddah |
| Yayınevi | International Centre for Research in Islamic Economics, King Abdulaziz University and the Islamic oundation, U.K. |
| Sayfa Aralığı | 85-118 |
| Keywords | Relative Efficiency |
| Anahtar Kelimeler | Göreceli Verimlilik |
| Açıklama | The purpose of this paper is to challenge the traditional institu- tional arrangement of paying interest on money as an exchange. Both cases of government and privately-produced fiat money are considered. Moreover, private borrowing and financial intermediation are given analytical attention. The paper introduces a set of fiat means of exchange into an economy and a few related questions. First, how much money should an individual use in order to spend his income? Second, how much should the government produce in order to provide for the optimal use of money, and how should it distribute its money? Third, given the size of government money, how much would a private producer supply of his own money under conditions of imperfect information? Fourth, how do private concerns and financial intermediaries behave within our theoretical framework? The fifth and last question is how much should the government produce of its own money, how should it distribute it among different individuals, and what regulations should it impose on the banking system and financial intermediaries, in order to provide for the optimal supply of monetary services? The conclusions of this paper are that economies with no interest payments on borrowing and no bank multiple creation of money are most optimal between the different institutional arrangements con- sidered. This means that it is most efficient if the government initially provides its own money free, lends it free, and imposes 100% reserve ratio on banks. |
| Bilgilerin Alındığı Kaynak | Bibliografya Kaydı |