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

Persian Verion
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

video

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

sound

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

Persian Version

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

View:

882
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Download:

0
Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Cites:

Information Journal Paper

Title

STABILIZING BUSINESS CYCLES BY RASTIN PROFIT AND LOSS SHARING (PLS) BANKING AND ETHIC ECONOMICS

Pages

  37-72

Keywords

Not Registered.

Abstract

 Meanwhile a discussion about business cycles, in this paper, by separating money market into two markets of “saving- deposits” and “investment-credit”, we study the time structure of depositors-bank-investors behavior and will conclude that the structure of prevailing banking causes oscillations in money market and interest rates. These oscillations will affect the real sector through deposits and investment and makes economic fluctuation.Mathematically, it is shown that the banking structure is of the most important factors for creation of economic cycles. Accordingly, deletion of usury as a solution for connecting investment to deposit directly through Rastin Profit and Loss Sharing (PLS) banking system is proposed. In this system, the bank provides investment management services and get wage. In Rastin PLS banking, practically risks are transferred from financing sector to depositor and the bank will not face losses. On the other side, structural and powerful linkage between the interest rate of credit facilities and rate of interest of deposits does not allow losses in credit market and only profit in deposit market. This is contrary to conventional banking system whereas if even the investor or credit receiver makes either profit or loss the depositor earns profit.The other sides of pathology of economic crises are due to excessive consumption, economic over-thirst (human indefinite desire), greed, squandering, waste and similar topics that widen the domain of crises.Adjusting the human behaviors as is taught in mystical and ethic educations mentioned in Islam and other divine religions have an important role for practical reduction of crises tensions. Reducing waste will contribute to release of a big share of resources in economy and result to attenuate the domain of the wave of business cycles and relatively will make the economy more stable.

Cites

  • No record.

    • References

    Cite

    APA: Copy

    BIDABAD, BIJAN. (2013). STABILIZING BUSINESS CYCLES BY RASTIN PROFIT AND LOSS SHARING (PLS) BANKING AND ETHIC ECONOMICS. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 7(24), 37-72. SID. https://sid.ir/paper/229138/en

    Vancouver: Copy

    BIDABAD BIJAN. STABILIZING BUSINESS CYCLES BY RASTIN PROFIT AND LOSS SHARING (PLS) BANKING AND ETHIC ECONOMICS. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2013;7(24):37-72. Available from: https://sid.ir/paper/229138/en

    IEEE: Copy

    BIJAN BIDABAD, “STABILIZING BUSINESS CYCLES BY RASTIN PROFIT AND LOSS SHARING (PLS) BANKING AND ETHIC ECONOMICS,” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 7, no. 24, pp. 37–72, 2013, [Online]. Available: https://sid.ir/paper/229138/en

    Related Journal Papers

    Related Seminar Papers

  • No record.

    • Related Plans

  • No record.

    • Recommended Workshops






    Move to top