Paper Information

Journal:   JOURNAL OF ISLAMIC ECONOMIC STUDIES   SPRING-SUMMER 2016 , Volume 8 , Number 2 (16) #L0045; Page(s) 137 To 172.
 
Paper: 

MECHANISM OF THE IMPACT OF SUKUK ON FOREIGN EXCHANGE SHOCKS BY THE PORTFOLIO BALANCE MODEL, WITH A SUGGESTED INSTRUMENT

 
Author(s):  EISAVI MAHMOUD, GHELICH VAHAB*
 
* INSTITUTE FOR MONETARY AND BANKING
 
Abstract: 

According to effects of foreign exchange shocks on Iranian economy and vast capacity of sukuk, this study surveys sukuk as a foreign exchange policy instrument. Using a descriptive –analytical method and utilizing the library resources, the study after introduces nature and effects of foreign exchange shocks and the structure of Portfolio Balance Model, rewrites equations of the model for sukuk. So it surveys sukuk application as a foreign exchange policy instrument by the Portfolio Balance Model. Its conclusion shows theoretically sukuk can control foreign exchange shocks.

 
Keyword(s): SUKUK, THE PORTFOLIO BALANCE MODEL, FOREIGN EXCHANGE POLICY, SALAM SUKUK, CENTRAL BANK
 
References: 
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