Document Details

Document Type : Article In Journal 
Document Title :
Saving Behavior in An Economy without Fixed Interest
السلوك الإدخاري في نظام اقتصادي خال من الفائدة الثابتة
 
Subject : Articles  
Document Language : Arabic 
Abstract : Would the adoption of an Islamic Financial system, which strictly prohibits interest on borrowed money, lead to a reduction of savings? This paper provides an analytical point of reference for answering this question. It first reviews the previous attempts to analyze the impact of in creased uncertainty an individual saving (e.g. by Fisher, Hirshleifer, Baulding, Sandmo, Phelps, etc.). The paper derives the condition that must hold in order for increased uncertainty to depress savings. This condition requires that the rate of return when risk is present must be no more than when risk is absent. The paper briefly discusses whether this condition is likely to prevail in an Islamic economy. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 4 
Issue Number : 1 
Publishing Year : 1412 AH
1992 AD 
Number Of Pages : 17 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
نديم الحقNADEEM ULHAQUEResearcher  
عباس ميراخور ABBAS MIRAKHORResearcher  

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