Monetary Operations and Government Debt Management Under Islamic Banking

Publication Date:

September 1, 1998

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

This paper outlines the recent progress in developing Islamic financial instruments for the management of monetary policy and public borrowing requirements and provides details on new instruments currently being developed in the Islamic Republic of Iran and Sudan. The paper also touches on the institutional arrangements for interbank market operations and the design of effective central bank credit facilities that are needed under Islamic banking to support the development and operation of these new instruments.

Series:

Working Paper No. 1998/144

Subject:

Banking Central bank credit Central bank operations Central banks Civil service Commercial banks Financial institutions Financial services Islamic banking Labor

English

Publication Date:

September 1, 1998

ISBN/ISSN:

9781451856415/1018-5941

Stock No:

WPIEA1441998

Pages:

30

Please address any questions about this title to publications@imf.org