From the Conventional Monetary Policy to the Modern Policy of the Bank of Algeria, Trending Towards the Strategy of Islamic Finance.

بناشنهو فريدة

Article Details

From the Conventional Monetary Policy to the Modern Policy of the Bank of Algeria, Trending Towards the Strategy of Islamic Finance.

Authors:

بناشنهو فريدة

Publisher:

Université de Béchar

Journal:

مجلة البشائر الاقتصادية Vol.8 Issue 1, pp.771-788

Document Type:

Article

Publication Date:

4/2022

Document Language:

English

Document ID (Org No.):

2001483332

pISSN:

2600-6391

Keywords:

Abstract:

 This research paper aims to clarify the nature of monetary policy through a study of its concept, objectives, and tools, and then the most important criticisms leveled at it, especially after the global financial crisis that the world witnessed in 2008 and its inability to solve it, which led the central banks of some countries to adopt new procedures and tools that were not an option, but were rather imposed due to the circumstances of the crisis known as the modern monetary policy.
These measures have contributed to supporting economic activity and financial stability at the local and international levels, necessitating the amendment of the Monetary and Loan Law in 2016 to confront the crisis of the decline in oil prices that the Algerian economy experienced in 2014, such as resorting to new types of financing that work to advance the wheel of economic development in a way that allows the creation of Wealth away from oil revenues and far from foreign borrowing, in addition to a new strategic option, which is the trend towards Islamic finance by opening Islamic windows in conventional banks as a strategic financing option that expectedly contributes to providing more efficient and economically efficacious financing alternatives and promoting economic development.

Article Details

From the Conventional Monetary Policy to the Modern Policy of the Bank of Algeria, Trending Towards the Strategy of Islamic Finance.

Authors:

بناشنهو فريدة

Publisher:

Université de Béchar

Journal:

مجلة البشائر الاقتصادية Vol.8 Issue 1, pp.771-788

Document Type:

Article

Publication Date:

4/2022

Document Language:

English

Document ID (Org No.):

2001483332

pISSN:

2600-6391

conventional monetary policy

unconventional monetary policy

crises

central bank

monetary and loan law

Islamic finance

Islamic windows

Issues

Article Details

Authors: بناشنهو فريدة

Publisher: Université de Béchar

Journal: مجلة البشائر الاقتصادية Vol.8 Issue 1, pp.771-788

Document Type: Article

Publication Date: 4/2022

Document Language: English

Document ID (Org No.): 2001483332

pISSN: 2600-6391

Issues

Authors:

بناشنهو فريدة

Publisher:

Université de Béchar

Journal:

مجلة البشائر الاقتصادية Vol.8 Issue 1, pp.771-788

Document Type:

Article

Publication Date:

4/2022

Document Language:

English

Document ID (Org No.):

2001483332

pISSN:

2600-6391