This study examines the outcomes of deleting interest of deposits in banking system
on welfare cost of inflation. Using neoclassical approach and dynamic optimization,
shows that interest-free banking not only leads to zero welfare cost of inflation, but
also is consistent with Friedman's rule about optimum quantity of money.
Mehrbani,V. (2012). Outcome of Free-Interest Deposits for Welfare Cost of Inflation: A Theoretical Approach. Islamic Economics Studies
Bi-quarterly Journal, 4(2), 5-19. doi: 10.30497/ies.2012.1101
MLA
Mehrbani,V. . "Outcome of Free-Interest Deposits for Welfare Cost of Inflation: A Theoretical Approach", Islamic Economics Studies
Bi-quarterly Journal, 4, 2, 2012, 5-19. doi: 10.30497/ies.2012.1101
HARVARD
Mehrbani V. (2012). 'Outcome of Free-Interest Deposits for Welfare Cost of Inflation: A Theoretical Approach', Islamic Economics Studies
Bi-quarterly Journal, 4(2), pp. 5-19. doi: 10.30497/ies.2012.1101
CHICAGO
V. Mehrbani, "Outcome of Free-Interest Deposits for Welfare Cost of Inflation: A Theoretical Approach," Islamic Economics Studies
Bi-quarterly Journal, 4 2 (2012): 5-19, doi: 10.30497/ies.2012.1101
VANCOUVER
Mehrbani V. Outcome of Free-Interest Deposits for Welfare Cost of Inflation: A Theoretical Approach. Islamic Economics Studies, 2012; 4(2): 5-19. doi: 10.30497/ies.2012.1101
