Abstract
This study analyses the prospect of gold dinar to be adopted as a currency based on its suitability with the current economy, that is either in the form of physical gold dinar (gold coins) (FDE) or gold-backed currency (SDE). The issue raised in this study is analysed based on the assessment of four monetary theories, namely currency theory, money supply and demand theory, Greshams's law of "bad money drives out good money", and theory of optimal currency area (OCA). The results show that the use of physical gold dinar as a currency is not practical for the current economy because it contradicts with most of the monetary theories. Meanwhile, the adoption of gold-backed currency is more practical because it is consistent with most monetary theories in particular the currency theory, the theory of Gresham's law and the OCA theory. Thus, this study suggests that the prospect of gold dinar as a currency for the current economy is better if t is to be implemented in the form of gold-backed currency rather than the physical gold dinar.
| Original language | Undefined/Unknown |
|---|---|
| Pages (from-to) | 161-171 |
| Number of pages | 11 |
| Journal | Jurnal Pengurusan |
| Volume | 36 |
| Publication status | Published - 2012 |
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ASJC Scopus subject areas
- Business, Management and Accounting (miscellaneous)
- Accounting
- Business and International Management
Cite this
Prospek penggunaan dinar emas sebagai mata wang : Analisis berdasarkan teori monetari. / Yaacob, Salmy Edawati; Ahmad, Sanep.
In: Jurnal Pengurusan, Vol. 36, 2012, p. 161-171.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Prospek penggunaan dinar emas sebagai mata wang
T2 - Analisis berdasarkan teori monetari
AU - Yaacob, Salmy Edawati
AU - Ahmad, Sanep
PY - 2012
Y1 - 2012
N2 - This study analyses the prospect of gold dinar to be adopted as a currency based on its suitability with the current economy, that is either in the form of physical gold dinar (gold coins) (FDE) or gold-backed currency (SDE). The issue raised in this study is analysed based on the assessment of four monetary theories, namely currency theory, money supply and demand theory, Greshams's law of "bad money drives out good money", and theory of optimal currency area (OCA). The results show that the use of physical gold dinar as a currency is not practical for the current economy because it contradicts with most of the monetary theories. Meanwhile, the adoption of gold-backed currency is more practical because it is consistent with most monetary theories in particular the currency theory, the theory of Gresham's law and the OCA theory. Thus, this study suggests that the prospect of gold dinar as a currency for the current economy is better if t is to be implemented in the form of gold-backed currency rather than the physical gold dinar.
AB - This study analyses the prospect of gold dinar to be adopted as a currency based on its suitability with the current economy, that is either in the form of physical gold dinar (gold coins) (FDE) or gold-backed currency (SDE). The issue raised in this study is analysed based on the assessment of four monetary theories, namely currency theory, money supply and demand theory, Greshams's law of "bad money drives out good money", and theory of optimal currency area (OCA). The results show that the use of physical gold dinar as a currency is not practical for the current economy because it contradicts with most of the monetary theories. Meanwhile, the adoption of gold-backed currency is more practical because it is consistent with most monetary theories in particular the currency theory, the theory of Gresham's law and the OCA theory. Thus, this study suggests that the prospect of gold dinar as a currency for the current economy is better if t is to be implemented in the form of gold-backed currency rather than the physical gold dinar.
UR - http://www.scopus.com/inward/record.url?scp=84887035935&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84887035935&partnerID=8YFLogxK
M3 - Article
VL - 36
SP - 161
EP - 171
JO - Jurnal Pengurusan
JF - Jurnal Pengurusan
SN - 0127-2713
ER -