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The Design of Instruments for Government Finance in an Islamic Economy

The Design of Instruments for Government Finance in an Islamic Economy »

Source: The Design of Instruments for Government Finance in an Islamic Economy

Volume/Issue: 1998/54

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1998

ISBN: 9781451847482

Keywords: Islamic banking, Treasury bills, indirect monetary instruments, rate of return, stock market, risk premium, investors, rates of return

This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise...

The Design of Instruments for Government Finance in an Islamic Economy

The Design of Instruments for Government Finance in an Islamic Economy »

Volume/Issue: 1998/54

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 1998

DOI: http://dx.doi.org/10.5089/9781451847482.001

ISBN: 9781451847482

Keywords: Islamic banking, Treasury bills, indirect monetary instruments, rate of return, stock market, risk premium, investors, rates of return

This paper presents perhaps the most viable approach for the design of an instrument of government finance (and monetary management) in an Islamic economy where conventional transactions based on an ex-ante promise...