Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi

In nowadays financial and monetary system, the crisis frequently occurs and becomes a part of its internal system. It indicates the fragility of financial and monetary conventional system and becomes the stimulant of a better system, namely Islamic financial and monetary system. The development of I...

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Autor principal:	Khoirul Umam
Formato:	article
Lenguaje:	AR EN ID
Publicado:	Universitas Darussalam Gontor 2015
Materias:	islamic money demand authenticity velocity of money monetary policy innovation Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840
Acceso en línea:	http://dx.doi.org/10.21111/iej.v1i1.347 https://doaj.org/article/3b092f9ba5bd4ca1bc9d37427d054b60
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spelling	oai:doaj.org-article:3b092f9ba5bd4ca1bc9d37427d054b602021-11-08T09:04:51ZPerilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasihttp://dx.doi.org/10.21111/iej.v1i1.3472460-18962541-5573https://doaj.org/article/3b092f9ba5bd4ca1bc9d37427d054b602015-06-01T00:00:00Zhttps://ejournal.unida.gontor.ac.id/index.php/JEI/article/view/347https://doaj.org/toc/2460-1896https://doaj.org/toc/2541-5573In nowadays financial and monetary system, the crisis frequently occurs and becomes a part of its internal system. It indicates the fragility of financial and monetary conventional system and becomes the stimulant of a better system, namely Islamic financial and monetary system. The development of Islamic financial and monetary system demands a rapid innovation, but it should not go beyond the authenticity of Islamic system. Without innovation, the Islamic financial and monetary system will always be left behind, but without based on authenticity it will bring Islamic label on conventional system. This paper tries to discuss about the behavior of Islamic money demand, especially the state of velocity of money. The state of velocity of money is highly depended on to the ongoing money and financial concept. This paper shows that the preservation of authenticity in developing innovations in Islamic money and financial system will usher to the constant velocity of money. Otherwise, it can be concluded that the innovation of Islamic financial and money system without keeping authenticity of Islamic system can produce a different velocity state of money. Some empirical researches confirmed both results namely constant velocity so that monetary policy by targeting money supply can become effective, and there are some empiric researchers found a different result. Based on this, the development of innovations in Islamic financial and money system must be followed by the preservation of Islamic authenticity system. It demands the development of Islamic financial and money system theories which are free form any business motive intervention. Therefore, Islamic University is the most appropriate place to take the intellectual role by conducting researches and teaching the Islamic financial and monetary system.Khoirul UmamUniversitas Darussalam Gontorarticleislamic money demandauthenticityvelocity of moneymonetary policyinnovationIslam. Bahai Faith. Theosophy, etc.BP1-610Economic theory. DemographyHB1-3840ARENIDIslamic Economics Journal, Vol 1, Iss 1, Pp 107-132 (2015)
institution	DOAJ
collection	DOAJ
language	AR EN ID
topic	islamic money demand authenticity velocity of money monetary policy innovation Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840
spellingShingle	islamic money demand authenticity velocity of money monetary policy innovation Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840 Khoirul Umam Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi
description	In nowadays financial and monetary system, the crisis frequently occurs and becomes a part of its internal system. It indicates the fragility of financial and monetary conventional system and becomes the stimulant of a better system, namely Islamic financial and monetary system. The development of Islamic financial and monetary system demands a rapid innovation, but it should not go beyond the authenticity of Islamic system. Without innovation, the Islamic financial and monetary system will always be left behind, but without based on authenticity it will bring Islamic label on conventional system. This paper tries to discuss about the behavior of Islamic money demand, especially the state of velocity of money. The state of velocity of money is highly depended on to the ongoing money and financial concept. This paper shows that the preservation of authenticity in developing innovations in Islamic money and financial system will usher to the constant velocity of money. Otherwise, it can be concluded that the innovation of Islamic financial and money system without keeping authenticity of Islamic system can produce a different velocity state of money. Some empirical researches confirmed both results namely constant velocity so that monetary policy by targeting money supply can become effective, and there are some empiric researchers found a different result. Based on this, the development of innovations in Islamic financial and money system must be followed by the preservation of Islamic authenticity system. It demands the development of Islamic financial and money system theories which are free form any business motive intervention. Therefore, Islamic University is the most appropriate place to take the intellectual role by conducting researches and teaching the Islamic financial and monetary system.
format	article
author	Khoirul Umam
author_facet	Khoirul Umam
author_sort	Khoirul Umam
title	Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi
title_short	Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi
title_full	Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi
title_fullStr	Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi
title_full_unstemmed	Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi
title_sort	perilaku permintaan uang islam: antara otentisitas dan inovasi
publisher	Universitas Darussalam Gontor
publishDate	2015
url	http://dx.doi.org/10.21111/iej.v1i1.347 https://doaj.org/article/3b092f9ba5bd4ca1bc9d37427d054b60
work_keys_str_mv	AT khoirulumam perilakupermintaanuangislamantaraotentisitasdaninovasi
_version_	1718442703880978432

Perilaku Permintaan Uang Islam: Antara Otentisitas dan Inovasi

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