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Title: | The economic invalidity of fiat money from an islamic outlook |
Authors: | Adam Abdullah |
Keywords: | HG 351 .A3 2009 Adam Abdullah Tesis FPE 2009 Paper money Bank notes |
Issue Date: | Aug-2009 |
Publisher: | Fakulti Pengurusan dan Ekonomi |
Series/Report no.: | ;HG 351 .A3 2009 |
Abstract: | This research focuses on the role of money, the development of money and banking and monetary reform. The research demonstrates that the migration of the medium of exchange from gold and silver into a legal tender involving flat paper notes and bank deposits backed by debt, reflects a reduction of intrinsic value, even though the token value of fiat money is still considered as equivalent in value to the intrinsic value of historical coinage: money has developed from physical gold and silver into virtual payments. |
URI: | http://hdl.handle.net/123456789/1317 |
Appears in Collections: | Fakulti Pengurusan Ekonomi |
Files in This Item:
File | Description | Size | Format | |
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HG 351 .A3 2009 FullText.pdf Restricted Access | 13.08 MB | Adobe PDF | View/Open Request a copy | |
HG 351 .A3 2009 Abstract.pdf | 398.57 kB | Adobe PDF | View/Open |
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