Please use this identifier to cite or link to this item: http://umt-ir.umt.edu.my:8080/handle/123456789/1317
Title: The economic invalidity of fiat money from an islamic outlook
Authors: Adam Abdullah
Keywords: HG 351 .A3 2009
Adam Abdullah
Tesis FPE 2009
Paper money
Bank notes
Issue Date: Aug-2009
Publisher: Fakulti Pengurusan dan Ekonomi
Series/Report no.: ;HG 351 .A3 2009
Abstract: This research focuses on the role of money, the development of money and banking and monetary reform. The research demonstrates that the migration of the medium of exchange from gold and silver into a legal tender involving flat paper notes and bank deposits backed by debt, reflects a reduction of intrinsic value, even though the token value of fiat money is still considered as equivalent in value to the intrinsic value of historical coinage: money has developed from physical gold and silver into virtual payments.
URI: http://hdl.handle.net/123456789/1317
Appears in Collections:Fakulti Pengurusan Ekonomi

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