Islamic monetary policy framework in Malaysia: a proposal
Since the 2007/2008 financial crisis, research has revealed that all financial crises, such as banking or exchange rate crisis, have been, in essence, debt crises (see for example Reinhart & Rogoff, 2009, 2011). Further, econometric investigations have demonstrated that the chain of causation starts from fractional reserve-based credit expansion to debt increase to leverage expansion leading to crisis (see for example Turner, Haldane, Woolley, & et al., 2010). Moreover, post-crisis diagnostics have led to conclusion that conventional monetary policy has been unable to induce growth resumption ...
Islamic monetary policy , Risk sharing , Malaysia
Mat Sari, N. (2017). Islamic monetary policy framework in Malaysia: a proposal (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2749