Stabilization and Growth in an Open Islamic Economy

Nopic
Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, this paper investigates some open-economy implications of the adoption of Islamic banking for growth and stabilization of the economy. It analyzes the long-run effects of Islamic... READ MORE...

Publication date: February 1988
ISBN 9781451921137
$10.00

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Publication date: February 1988

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