Modern central banking from monetary perspective

Price and Financial Stability in Modern Central Banking

Pruritus (hekka) from the perspective of modern and Persian medicine

Pruritus is one of the most common problems that is seen separately or in combination with various diseases and has been studied in various medical schools. Its various aspects including definition, pathogenesis, types and treatments have been elaborated and tailored to the basics of each medical perspective. This study investigates the pruritus from modern and Persian medicine perspective. Th...

Monetary Policy without Central Bank Money: A Swiss Perspective

At the end of 1999, the Swiss National Bank modified its monetary policy concept and abandoned monetary targeting in favor of an approach based on an inflation forecast. Although central bank money or the monetary base, the SNB's intermediate target variable, was plagued by instabilities, the switch to a new policy framework was motivated by more fundamental problems arising from monetary targe...

Modern Monetary Circuit Theory, Stability of Interconnected Banking Network, and Balance Sheet Optimization for Individual Banks

A modern version of Monetary Circuit Theory with a particular emphasis on stochastic underpinning mechanisms is developed. It is explained how money is created by the banking system as a whole and by individual banks. The role of central banks as system stabilizers and liquidity providers is elucidated. It is shown how in the process of money creation banks become naturally interconnected. A no...

New Monetary Policies in Usury Free Banking

The aim of this research is to find monetary policy tools in usury free banking. We will review the ideas of Muslims in Iran and outside the Iran for this subject. In this work, we will explain the effects of monetary policies on economy. This article is about explanation of two subjects: In the first subject, reports about usury free banking and ways of absorbing granted facilities is presente...