Download Modelling Interest-free Economy PDF Free

Download Modelling Interest-free Economy PDF Books
By:"Muhammad Anwar"
Published on 1987 by International Institute of Islamic Thought (IIIT)

General equilibrium macroeconomic models are considered essential for evaluating the impact of monetary and fiscal policies in an economy. This aspect has not received, until now, significant attention. This present work, by Dr. Muhammad Anwar, develops general equilibrium models of income determination suitable for interest-free economies. It can be used to understand several implications of making a transition from the conventional financial system to an interest-free financial system. There are numerous Muslim countries seeking to adopt the new interest-free system. These countries may find it usefrrl to utilize the insights gained from such study to facilitate the establishment of an Islamic interest-free financial system. The economic model offered in this book also shows clearly and scientifically that ifthe interest-based financial system is replaced by the interestfree financial system, then the real rates of return for savers and investors in the economy will be preserved during inflationary and deflationary periods. On the other hand, financial repression results when savers are badly hurt during inflationary periods in an interest-bearing economy. This study demonstrates that the inflation-ridden developing countries would be definiæly better offif they adopt the inærest-free financial system in place of the prevalent interest-bearing sysæm. This pioneering work is a new addition to the library of Islamic Economics and an important aid to economic planners and students of Islamic Economics.

This Book was ranked 18 by Google Books for keyword Economics Interest Book.

Download Modelling Interest-free Economy PDF Books Free

Download Modelling Interest-free Economy PDF Free

Download Modelling Interest-free Economy Books Free

Download Modelling Interest-free Economy Free

Download Modelling Interest-free Economy PDF

Download Modelling Interest-free Economy Books