Continuation
SUMMARY
Consequently,
one needs to develop ad-hoc instruments for a Shari’ah-compliant monetary
policy.
This
section also addresses the issue of liquidity management in that system.
Also,
in particular, it focuses on the:
· developments;
· and
prospects
for
creating adequate Islamic interbank markets.
In
this context that issues related to the collateral framework of the Eurosystem.
This
framework are considered from an Islamic finance perspective.
Finally,
the sixth section provides a brief conclusion of the research paper.
From the research
paper of European Central Bank
(Authors:
F.Mauro, P.Caristi, S.Couderc, A.D.Maria,
L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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