Currency System and Its Impact on Economic Stability
| العنوان: | Currency System and Its Impact on Economic Stability |
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| المؤلفون: | Desmadi Saharuddin, Ali Rama |
| المصدر: | Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, Vol 9, Iss 2, Pp 289-310 (2017) |
| بيانات النشر: | LP2M Universitas Islam Negeri (UIN) Syarif Hidayatullah Jakarta, 2017. |
| سنة النشر: | 2017 |
| مصطلحات موضوعية: | vector auto-regression, 050109 social psychology, Hyperinflation, Commodity money, Monetary economics, 01 natural sciences, lcsh:Social Sciences, lcsh:BP1-610, Economic indicator, 0103 physical sciences, Economics, 0501 psychology and cognitive sciences, currency system, Endogenous money, lcsh:HB71-74, 010308 nuclear & particles physics, Fiat money, lcsh:Economic theory. Demography, 05 social sciences, Monetary policy, lcsh:Economics as a science, lcsh:Islam. Bahai Faith. Theosophy, etc, General Medicine, economic stability, lcsh:H, lcsh:HB1-3840, Currency, Velocity of money |
| الوصف: | A number of economic problems that occurred during the power of Mamluk (1250-1517 AD) was considered as a result of the change to currency system, namely from the system of commodity-based money (gold and silver) into paper-based money (fiat). Instability prices, decrease of trading activities, high of unemployment number were a number of economic indicators that occurred at that time. This issue of macro-economy was considered as a result of changes in the money system. This study analyzes the dynamic relationship between the price of gold as a representation of commodity money system and M2 as a representation of fiat money against the stability of economic indicators such as inflation, economic growth, stock prices, and unemployment and interest rates. This study found that both systems not vary significantly against each other in its influence on macroeconomic variables. It means that the two systems do not have contrast distinction. Indeed, it was found that the commodity-based money system is not free of inflation, as propagated by the supporters of the dinar and dirham (dinarist). DOI: 10.15408/aiq.v9i2.4749 |
| تدمد: | 2407-8654 2087-135X |
| الوصول الحر: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9397ba52174558d009ba25809e81e0e6Test https://doi.org/10.15408/aiq.v9i2.4749Test |
| حقوق: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....9397ba52174558d009ba25809e81e0e6 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 24078654 2087135X |
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