{
  "title": "Monetary Operations and Government Debt Management Under Islamic Banking",
  "publication": "IMF Working Papers, September 1, 1998",
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  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- Outlines recent progress in developing Islamic financial instruments for:\n  - Management of monetary policy.\n  - Public borrowing requirements.\n- Provides details on new instruments currently being developed in the Islamic Republic of Iran and Sudan.\n- Discusses institutional arrangements for interbank market operations and the design of effective central bank credit facilities needed under Islamic banking to support development and operation of these instruments."
    },
    {
      "heading": "Major findings and themes",
      "content": "- Development of Islamic financial instruments can support both monetary operations and government debt management in Islamic banking environments.\n- New instruments are under development in the Islamic Republic of Iran and Sudan (details provided in the paper).\n- Effective operation of these instruments requires appropriate institutional arrangements for interbank markets.\n- Central bank credit facilities must be designed compatibly with Islamic banking principles to support liquidity management and market functioning."
    },
    {
      "heading": "Institutional arrangements and market design issues",
      "content": "- Interbank market operations: design and institutional arrangements are necessary to facilitate liquidity management under Islamic banking.\n- Central bank credit facilities: need design that aligns with Islamic banking principles while enabling central banks to perform monetary policy and provide lender-of-last-resort functions."
    },
    {
      "heading": "Publication and document details",
      "content": "- Publication title: Monetary Operations and Government Debt Management Under Islamic Banking\n- Publication date: September 1, 1998\n- Series: Working Paper No. 1998/144\n- Issue: 144\n- Volume: 1998\n- Pages: 30\n- DOI: https://doi.org/10.5089/9781451856415.001\n- Stock No: WPIEA1441998\n- ISBN: 9781451856415\n- ISSN: 1018-5941\n\nInternational Monetary Fund, \"Monetary Operations and Government Debt Management Under Islamic Banking\", IMF Working Papers 1998, 144 (1998).\n\n---\n\n Content in this bundle\n\n- Monetrary Operations and Government Debt Management Under Islamic Banking - WP/98/144\n  - Monetrary Operations and Government Debt Management Under Islamic Banking - WP/98/144 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Monetrary Operations and Government Debt Management Under Islamic Banking - WP/98/144 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/monetary-operations-and-government-debt-management-under-islamic-banking-2761"
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    "Published: September 1, 1998",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451856415.001",
    "Outlines recent progress in developing Islamic financial instruments for:",
    "Provides details on new instruments currently being developed in the Islamic Republic of Iran and Sudan.",
    "Discusses institutional arrangements for interbank market operations and the design of effective central bank credit facilities needed under Islamic banking to support development and operation of these instruments.",
    "Development of Islamic financial instruments can support both monetary operations and government debt management in Islamic banking environments.",
    "New instruments are under development in the Islamic Republic of Iran and Sudan (details provided in the paper).",
    "Effective operation of these instruments requires appropriate institutional arrangements for interbank markets.",
    "Central bank credit facilities must be designed compatibly with Islamic banking principles to support liquidity management and market functioning.",
    "Interbank market operations: design and institutional arrangements are necessary to facilitate liquidity management under Islamic banking.",
    "Central bank credit facilities: need design that aligns with Islamic banking principles while enabling central banks to perform monetary policy and provide lender-of-last-resort functions.",
    "Publication title: Monetary Operations and Government Debt Management Under Islamic Banking",
    "Publication date: September 1, 1998",
    "Series: Working Paper No. 1998/144",
    "Issue: 144",
    "Volume: 1998",
    "Pages: 30",
    "DOI: https://doi.org/10.5089/9781451856415.001",
    "Stock No: WPIEA1441998",
    "ISBN: 9781451856415",
    "ISSN: 1018-5941",
    "**Monetrary Operations and Government Debt Management Under Islamic Banking - WP/98/144**"
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