The 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...

1. Introduction -- 2. Monetary and fiscal policies for macroeconomic stability : an Asian perspective -- 3. Central banking in the Asia-Pacific : an overview -- 4. Monetary policy : overview of concepts, debates and issues -- 5. Inflation and monetary policy : theories, models and approaches --...

The 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...