معرفت اقتصاد اسلامی

Gold and silver coinage is explicitly prohibited and angered by God Almighty in the verses of the Holy Qur'an. In this article, using the new general theory of money, a new explanation of the role of hoarding monetary funds in the economy is presented, and an attempt is made to explain one of the wisdoms of banning the hoarding phenomenon and its destructive effects in the economy by developing the concept of money and monetary markets. to be given. For this purpose, by presenting a macro model based on excess demand in the main markets of goods and services, labor, money and securities, the effect of monetary savings on each of these markets has been studied. The results of the model estimated using vector autoregression model for the Iranian economy indicate the lack of convergence of the labor market from the long-term equilibrium path as well as the departure of the goods and services market from its equilibrium path due to the creation of monetary reserves in the deposit and credit market. .