Monetary policy Goals and Monetary function objective; Islamic economics approach

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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The ultimate goal of monetary policy in Islamic economics is the most important component of the theory of monetary policy, because it governs all the principles, rules and policy tools. These goals must, in addition to being consistent and coherent in their internal and interrelationship, be in line with the ultimate goals of the Islamic economic system. In this research, based on theoretical foundations of monetary policy and the teachings of Islamic economics and explaining the main functions of money in an economy based on the theory of exchange, the expansion of Islamic monetary policy theory in the field of ultimate goals was addressed and three goals of inflation control, guidance and appropriation Money and the stabilization of the real sector in the economy were extracted and introduced as the ultimate goal of monetary policy in Islamic economics. In equilibrium, the full realization of all three ultimate ends may be because there is no theoretical conflict between the three goals, and the approach of these goals is to stabilize, balance, and create the context and the basis for economic growth. At the same time, due to special circumstances or imbalances in the economy, it may come from the realization of another goal and another purpose of interpenetration or deflection, in which case the position of a monetary policeman should be based on the criteria of preferential interest in the important and the criteria: circle The impact of politics on the general public, the degree and degree of policy impact, permanent (long-term) or temporary (short-term) policy and the positive or positive nature of the policy in question.
Language:
Persian
Published:
Islamic Economy, Volume:18 Issue: 72, 2019
Pages:
245 to 270
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