On Friday 16 May 2014, the Bank of England's Legal Directorate, in association with the Centre for Commercial Law Studies at Queen Mary, University of London, hosted its second annual Conference on Monetary and Financial Law. The four main sessions covered: (i) taking stock of the international...

In a world where the means of exchange is convertible into the numeraire consumption good at a fixed rate, no one wants to hold money over time - and due to convertibility there is no means by which the Friedman rule can generate deflation. This is the environment we study in this paper in order...

In coming to terms with the still smoldering financial crisis, little attention has been paid to the flaws within our monetary system and how these flaws lie at the root of the crisis. This book provides an introduction and critical assessment of the current monetary system. It begins with an up...

Foreword -- Preface -- List of Contributors -- List of Figures -- List of Tables -- Chapter 1. Introduction -- Part I. Theoretical Foundation of Monetary Policy from Islamic Perspectives -- Chapter 2. Monetary Economics, Monetary Policy and Macroeconomic Model for an ‘Islamic’ Economy --...

In a world where the means of exchange is convertible into the numeraire consumption good at a fixed rate, no one wants to hold money over time - and due to convertibility there is no means by which the Friedman rule can generate deflation. This is the environment we study in this paper in order...