Prospek penggunaan dinar emas sebagai mata wang

Analisis berdasarkan teori monetari

Translated title of the contribution: Prospects of gold dinar as a currency: An analysis based on monetary theory

Research output: Contribution to journalArticle

2 Citations (Scopus)

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 languageUndefined/Unknown
Pages (from-to)161-171
Number of pages11
JournalJurnal Pengurusan
Volume36
Publication statusPublished - 2012

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Monetary theory
Currency
Optimal currency area
Stochastic differential equations
Demand theory

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 journalArticle

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