MONEY DEMAND POLICY MODEL IN MUSLIM COUNTRIES

Simple item page
dc.contributor.authorAgustina, Ingrid Larasati
dc.contributor.authorDelvina, Aulia
dc.contributor.authorSavitri, Peti
dc.contributor.authorSuryana
dc.date.accessioned2021-02-09T00:20:20Z
dc.date.available2021-02-09T00:20:20Z
dc.date.issued2020
dc.description.abstractIn the theory of demand for money for Islamic monetary, Umer Chapra uses the Keynesian model as a foothold. From here finally the profit-sharing rate in lieu of interest becomes significant in the model. The question is which one is appropriate as a foothold, classic or Keynes. Which assumptions are actually in accordance with the characteristics of the Islamic financial system which are said to be interest-free, investment to the productive, consumption that is not excessive, with the obligation of zakat, infaq and shodaqoh? The formulation of the problem in this study is how the theory of money demand in Islamic economics and how to model the demand for money in Muslim countries. The method used in this research is a qualitative method using literature studies. The results of this study are that the demand for money in an Islamic country is determined by income, in this case transactions motive and precautionary motive dominates the reason of the Muslim population. Demand for money in the narrow and broad sense is not influenced by the interest rate so the implication is that the preferences of Muslims differ from the Keynesian model, so speculation motives are not found in Islamic countries and the complete elimination of interest rates in Islamic countries will not cause serious problems in relation to the effectiveness of monetary policy in these countries.en_US
dc.identifier.issn1475-7192
dc.identifier.urihttp://repository.widyatama.ac.id/xmlui/handle/123456789/12243
dc.language.isoenen_US
dc.publisherInternational Journal of Psychosocial Rehabilitation, Vol.24, Issue 02en_US
dc.subjectDemand for Moneyen_US
dc.subjectMonetaryen_US
dc.subjectIslamic Economicsen_US
dc.titleMONEY DEMAND POLICY MODEL IN MUSLIM COUNTRIESen_US
dc.typeArticleen_US
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Ingrid Larasati Agustina - Money Demand Policy Model in Muslim Countries.pdf
Size:
227.09 KB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
International Journal