Open AccessInterest Rate Theory in Islamic Economic Perspective
Author(s) -
Robist Hidayat
Publication year - 2021
Publication title -
basic and applied accounting research journal
Language(s) - English
Resource type - Journals
ISSN - 2798-8902
DOI - 10.11594/baarj.01.01.06
Subject(s) - interest rate , economics , fisher hypothesis , inflation (cosmology) , monetary economics , islam , currency , money supply , time value of money , real interest rate , monetary policy , nominal interest rate , value (mathematics) , international fisher effect , keynesian economics , perspective (graphical) , quantity theory of money , macroeconomics , finance , philosophy , mathematics , statistics , physics , theology , geometry , theoretical physics
Inflation is a condition in which there is a sharp (absolute) increase in prices that lasts continuously for a long period of time followed by a decline in the real (intrinsic) value of a country's currency. circulating through an increase in bank interest rates. For this reason, the government carries out monetary policy by suppressing the money supply through increasing bank interest rates. However, the interest rate has various kinds, namely classical interest rate theory, neo classical, modern keyness and hicks. Therefore, this study focuses more on interest rates and the theory of interest rates by experts. So that it produces descriptive research.