Principles and Practice, Third Edition
Chapter 7: Public finance, monetary policy and banking supervision
Chapter 7 covers three subjects: public finance, monetary policy and banking supervision. The various sections provide a review of the riba-free instruments that are used for government borrowings, monetary policy, helping the banks’ liquidity management and developing an interbank money market. Furthermore, the problems of maintaining a level playing field in supervising a mixed Islamic-conventional system are analyzed.
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