Document Details

Document Type : Article In Journal 
Document Title :
Equilibrium in a Non-Interest Open Economy
التوازن في اقتصاد مفتوح خال من الربا
 
Subject : Articles and Notes 
Document Language : English 
Abstract : This paper analyzes an economy in which there are no interest-bearing assets, only equity shares. Equilibrium conditions are derived for the case of a closed economy, an open economy with trade in goods only, and finally one with trade in both goods and equity shares. It is shown that the rate of return to capital equilibrates savings and investment, that the differential between the domestic and foreign rates of return to equity determines the direction of capital flows, and that under a fixed exchange rate system, adjustments induced by exchange rate changes are channeled through the asset accounts. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 5 
Issue Number : 1 
Publishing Year : 1413 AH
1993 AD 
Number Of Pages : 20 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

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

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