 Mohsin S. Khan and Abbas Mirakhor: The Financial System and Monetary Policy in an Islamic Economy, Comment: محسن س. خان وعباس ميراخور: النظام المالي والسياسة النقدية في اقتصاد إسلامي ، تعليق: زبير حسنJournal of King Abdulaziz University: Islamic Economics, 1991, vol. 3, issue 1, 83-91 Abstract: 'Financial system and monetary policy'isa vast and intricate terrain. Normally, a discussion on the subject is expected to delimitate the financial field, clarify the main policy issues. indicate the various instruments available for use, outline the institutional arrangements. and investigate the linkages of the system with other variables of the economy.11) Clearly, one could not reasonably hope Mohsin S. Khan and Abbas Mirakhor to attempt such a wide coverage within the time and space confit^c of an article. However, even in the sub-area of Islamic banking the authors use concepts and employ methods which could only lead them to conclusions of suspect validity. The paper of Khan and Mirakhor is spread over three main sections in addition to the one at the end which contains some broad conclusions of the analysis. In the first two sections, the authors state some of the main features and implications of an interest free banking system. The material they present here is largely a summary of what is already available on the subject in the literature and need not detain us here. -- Date: 1991 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:3:y:1991:i:1:no:5:p:83-91 DOI: 10.4197/islec.3-1.5 Access Statistics for this article More articles in Journal of King Abdulaziz University: Islamic Economics from King Abdulaziz University, Islamic Economics Institute. Contact information at EDIRC. |
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