Search results for ""Author Akhand Akhtar Hossain""

This book is a major contribution to the fledgling literature on Islamic banking and financial institutions. It offers a comprehensive and novel analysis of the interplay of Islamic and conventional banking based on new evidence pieced together from nine Muslim-majority countries. The analysis is well informed by the relevant theory and the ongoing policy debate. The book will not only be of interest to researchers and students, but also to analysts in the policy making community.'- Prema-chandra Athukorala, Australian National UniversityThe introduction of Islamic banking and finance across the globe strengthens the argument for low and stable inflation and rule-based monetary policy for sustained economic growth. Although Islamic banking and finance may have created some complexities in financial transactions it remains consistent with Classical monetary theory and has created opportunities for improving the infrastructure of central banks and monetary policy to maintain both price and economic stability. This book reviews key aspects of central banking and monetary policy in selected Muslim-majority countries which have introduced Islamic banking and finance alongside conventional banking since the 1980s. The selected countries are Bahrain, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, Saudi Arabia and Turkey.While reviewing country-specific experiences and issues in inflation and monetary policy, and analysing them from an historical context, emphasis is given to the evolution of Islamic banking and finance and the consequent institutional developments for maintaining price stability. Macroeconomic problems under these regimes are also highlighted and their policy implications drawn.This volume will be of great value to students and researchers interested in Islamic banking and finance, and macroeconomic and monetary policy issues in Muslim-majority countries.

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This book of case studies is a significant contribution to monetary macroeconomics in which country-specific experience and issues in inflation and monetary policy are reviewed and analysed in an historical context. In doing so, the key ideas and views on the sources and dynamics of inflation and monetary-policy behaviour are investigated after taking into account institutional arrangements for the conduct of fiscal and monetary policies.This book selects for study twelve diverse countries from the Asia-Pacific region including Australia, China, Hong Kong SAR (China), India, Japan, South Korea, New Zealand, the Philippines, Singapore, Sri Lanka, Thailand and the US.In addition, the book:- reviews the literature on inflation, inflation volatility and monetary policy issues- examines macroeconomic developments and monetary policy regimes- undertakes an empirical investigation of key monetary relations- discusses institutional arrangements and draws policy implications based on empirical findings on price stability, financial stability and economic growth.This volume will be of great value to students and researchers interested in banking, finance, and macroeconomic and monetary policy in the Asia-Pacific.

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