Foreword -- Preface -- List of Contributors -- List of Figures -- List of Tables -- Chapter 1. Introduction -- Part I. Theoretical Foundation of Monetary Policy from Islamic Perspectives -- Chapter 2. Monetary Economics, Monetary Policy and Macroeconomic Model for an ‘Islamic’ Economy --...

This commentary critically analyzes the debate between ‘deficit financing' and ‘deficit-reduction financing' in contemporary economics. Reading through the paper by Ann Pettifor (2019), one gets the impression that deficits don't matter and that fiscal consolidation has not improved the...

This edited volume explores theoretical and empirical issues related to monetary economics and policy in the Islamic financial system. Derived from the Conference on Islamic Monetary Economics and Institutions: Theory and Practice 2017 held in Malé, Maldives, the enclosed papers highlights...

This paper re-examines the causality relationship between monetary aggregates, output and prices in the case of Malaysia. The study is based upon a vector autoregression (VAR) model applying the Granger no-causality procedure developed by Toda and Yamamoto (1995). The results indicate a two-way...