Optimal monetary policy in usury free banking system, The Case of Iran

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

KHANDAN SOVEYRI MEHDI; ASADZADEH AHMAD; MOTAFAKKER AZAD MOHAMMAD ALI; HAGHIGHAT JAFAR

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Monetary and Banking Research Year:2021 | Volume:13 | Issue:46 Page(s): 671-708

Download Full-Text

Persian Verion

View:

168

Download:

Cites:

Information Journal Paper

Title

Optimal monetary policy in usury free banking system, The Case of Iran

Author(s)

KHANDAN SOVEYRI MEHDI | ASADZADEH AHMAD | MOTAFAKKER AZAD MOHAMMAD ALI | HAGHIGHAT JAFAR | Issue Writer Certificate

Keywords

Not Registered.

Abstract

The banking system in Iran operates based on the monetary and banking act and the law for usury-free banking operations,however, in most Islamic countries, there is a dual system of Islamic banking and conventional banking. In this study, the monetary policy in Iran is investigated by Taylor rule firstly then the optimal monetary policy (Ramsey method) with maximizing household utility as a target of the central bank is considered by using the nonlinear new Keynesian DSGE model. Necessary changes in various sectors of the model, including households, production sector, government, oil sector, central bank, state-owned banks, non-governmental banks and stock exchanges as financial intermediaries, for a small oil-exporting economy within the framework of usury free banking system is considered and its results are evaluated and described. The results show that in the case of deterministic steady state (Taylor rule), monetary shock has greater impact on gross domestic product, and if Ramsey’, s optimal monetary policy is pursued, the effects of shocks, will decreased and economic stability will be improved.

Multimedia

No record.

Cites

No record.

References

No record.

Cite

APA: Copy

KHANDAN SOVEYRI, MEHDI, ASADZADEH, AHMAD, MOTAFAKKER AZAD, MOHAMMAD ALI, & HAGHIGHAT, JAFAR. (2021). Optimal monetary policy in usury free banking system, The Case of Iran. JOURNAL OF MONETARY AND BANKING RESEARCHES, 13(46 ), 671-708. SID. https://sid.ir/paper/1060181/en

Vancouver: Copy

KHANDAN SOVEYRI MEHDI, ASADZADEH AHMAD, MOTAFAKKER AZAD MOHAMMAD ALI, HAGHIGHAT JAFAR. Optimal monetary policy in usury free banking system, The Case of Iran. JOURNAL OF MONETARY AND BANKING RESEARCHES[Internet]. 2021;13(46 ):671-708. Available from: https://sid.ir/paper/1060181/en

IEEE: Copy

MEHDI KHANDAN SOVEYRI, AHMAD ASADZADEH, MOHAMMAD ALI MOTAFAKKER AZAD, and JAFAR HAGHIGHAT, “Optimal monetary policy in usury free banking system, The Case of Iran,” JOURNAL OF MONETARY AND BANKING RESEARCHES, vol. 13, no. 46 , pp. 671–708, 2021, [Online]. Available: https://sid.ir/paper/1060181/en

Related Journal Papers

No record.

Related Seminar Papers

No record.

Related Plans

No record.

Recommended Workshops