Islamic Monetary Economic Thought

Solikin Juhro, Ferry Syarifuddin and Ali Sakti
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Ferry Syarifuddin: Bank Indonesia
Ali Sakti: Bank Indonesia

Chapter Chapter 8 in Inclusive Welfare, 2025, pp 251-273 from Springer

Abstract: Abstract This chapter presents the role and relevance of the monetary sector in the implementation of the Islamic financial system and real practices. This chapter explains the thought of Islamic monetary economics and discusses the concepts of conventional economics as a framework for issues concerning Islamic monetary economics. The discussion begins with the flow of funds from the revenue and expenditure side and the concept of IS-LM balance in Islam, followed by the theory of market imperfection and financial instability along with the role of the monetary authority in the Islamic economy.

Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-0051-9_8

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DOI: 10.1007/978-981-96-0051-9_8

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