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.
(2003). A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems. Iranian Economic Review, 8(8), 47-62. doi: 10.22059/ier.2003.30887
MLA
. "A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems", Iranian Economic Review, 8, 8, 2003, 47-62. doi: 10.22059/ier.2003.30887
HARVARD
(2003). 'A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems', Iranian Economic Review, 8(8), pp. 47-62. doi: 10.22059/ier.2003.30887
VANCOUVER
A Comparison of the Operational Aspects in Islamic and Non-Islamic Banking Systems. Iranian Economic Review, 2003; 8(8): 47-62. doi: 10.22059/ier.2003.30887
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