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. (1381). A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems. , 8(8), 47-62. doi: 10.22059/ier.2003.30887
. "A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems". , 8, 8, 1381, 47-62. doi: 10.22059/ier.2003.30887
. (1381). 'A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems', , 8(8), pp. 47-62. doi: 10.22059/ier.2003.30887
. A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems. , 1381; 8(8): 47-62. doi: 10.22059/ier.2003.30887

A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems

Iranian Economic Review
مقاله 3، دوره 8، شماره 8، فروردین 2003، صفحه 47-62    اصل مقاله (582 K)
شناسه دیجیتال (DOI): 10.22059/ier.2003.30887
چکیده
The present paper is an attempt to:
1- Demonstrate how money is created (by the nature of the system), and to estimate the inflation resulting from monetary factors in both usurious and non-usurious systems. Operational aspects of Islamic and non-Islamic banking systems are compared.
2- Introduce a corrective term to be added to the multiplier of the supply of money, in order to prevent the under-estimation of the multiplier into the usurious system.
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