Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)

There have been suggestions that Gold Dinar be used again as a currency among the Islamic countries for the purpose of elevating the Islamic currency. Furthermore, it is also for reducing the dependency of the Islamic countries on the US Dollar. The question to ponder is: can monetary union be imple...

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Main Authors:	Sanep Ahmad, Dwi Condro Triono
Format:	Article
Language:	English
Published:	Institut Kajian Rantau Asia Barat 2011
Online Access:	http://journalarticle.ukm.my/3279/ http://journalarticle.ukm.my/3279/ http://journalarticle.ukm.my/3279/1/v3n2-2011-1.pdf

id	ukm-3279
recordtype	eprints
spelling	ukm-32792016-12-14T06:34:11Z http://journalarticle.ukm.my/3279/ Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations) Sanep Ahmad, Dwi Condro Triono, There have been suggestions that Gold Dinar be used again as a currency among the Islamic countries for the purpose of elevating the Islamic currency. Furthermore, it is also for reducing the dependency of the Islamic countries on the US Dollar. The question to ponder is: can monetary union be implementd simultaneously through out all the Islamic countries? Besides, the reusing of Gold Dinar needs monetary transformation within the Islamic countries. How the monetary transformation should be executed such that it produces the best effect to all Islamic countries ? This study aims to investigate the appropriateness of currency union among Islamic West Asian Countries as a strategy for economic cooperation for increasing the economic power of Islamic countries. The study uses data of selected Islamic West Asian Countries for 30 years and analysed based on OCA theory using SVAR model. The finding showed that it is not appropriate to perform the currency union simultaneously in all Islamic West Asian Countries. Currency union among Islamic West Asian Countries could only be done in stages according to zones. The study concluded that curency union among Islamic West Asian Countries is not appropriate to become a strategy for the purpose of increasing the economic power of Islamic countries worldwide. Monetary union among the Islamic countries should be implemented in stages beginning from smaller zone for to achieve the best effect. Institut Kajian Rantau Asia Barat 2011 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/3279/1/v3n2-2011-1.pdf Sanep Ahmad, and Dwi Condro Triono, (2011) Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations). Jurnal Antarabangsa Kajian Asia Barat, 3 (2). pp. 1-18. ISSN 2229-8924 http://www.ukm.my/ijwas/
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Kebangasaan Malaysia
building	UKM Institutional Repository
collection	Online Access
language	English
description	There have been suggestions that Gold Dinar be used again as a currency among the Islamic countries for the purpose of elevating the Islamic currency. Furthermore, it is also for reducing the dependency of the Islamic countries on the US Dollar. The question to ponder is: can monetary union be implementd simultaneously through out all the Islamic countries? Besides, the reusing of Gold Dinar needs monetary transformation within the Islamic countries. How the monetary transformation should be executed such that it produces the best effect to all Islamic countries ? This study aims to investigate the appropriateness of currency union among Islamic West Asian Countries as a strategy for economic cooperation for increasing the economic power of Islamic countries. The study uses data of selected Islamic West Asian Countries for 30 years and analysed based on OCA theory using SVAR model. The finding showed that it is not appropriate to perform the currency union simultaneously in all Islamic West Asian Countries. Currency union among Islamic West Asian Countries could only be done in stages according to zones. The study concluded that curency union among Islamic West Asian Countries is not appropriate to become a strategy for the purpose of increasing the economic power of Islamic countries worldwide. Monetary union among the Islamic countries should be implemented in stages beginning from smaller zone for to achieve the best effect.
format	Article
author	Sanep Ahmad, Dwi Condro Triono,
spellingShingle	Sanep Ahmad, Dwi Condro Triono, Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)
author_facet	Sanep Ahmad, Dwi Condro Triono,
author_sort	Sanep Ahmad,
title	Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)
title_short	Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)
title_full	Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)
title_fullStr	Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)
title_full_unstemmed	Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)
title_sort	penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara islam (monetary union as a strategy to uplift economic power of islamic nations)
publisher	Institut Kajian Rantau Asia Barat
publishDate	2011
url	http://journalarticle.ukm.my/3279/ http://journalarticle.ukm.my/3279/ http://journalarticle.ukm.my/3279/1/v3n2-2011-1.pdf
first_indexed	2023-09-18T19:38:21Z
last_indexed	2023-09-18T19:38:21Z
_version_	1777405422649475072

Penyatuan mata wang sebagai strategi peningkatan kuasa ekonomi negara Islam (Monetary Union as a strategy to uplift economic power of Islamic Nations)

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