A SHARIA RETURN AS AN ALTERNATIVE INSTRUMENT FOR MONETARY POLICY

Rapid development in Islamic financial industry has not been supported by sharia monetary policy instruments. This study looks at the possibility of sharia returns as the instrument. Using both error correction model and vector error correction model to estimate the data from 2002(1) to 2010(12), th...

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Bibliographic Details
Main Author: Ashief Hamam
Format: Article
Language:English
Published: Universitas Islam Indonesia 2011-09-01
Series:Economic Journal of Emerging Markets
Online Access:https://www.hmj.accounting.uii.ac.id/JEP/article/view/2323