Munich Personal RePEc Archive

Monetary Policy in Perspective Conventional Economy and Islamic Economics

Mujahidin, Muhamad (2019): Monetary Policy in Perspective Conventional Economy and Islamic Economics.

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Abstract

This article describes the perspective of differences between monetary policy in conventional economics and Islamic economics. By using a negation approach, this study concludes that Islamic monetary policy offers an economic system that is more resistant to monetary crises because the Islamic monetary system does not use an interest rate system so that it can stabilize prices more and be able to control inflation compared to the conventional monetary system.

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