The Funding by participation and its impact on immediate balance in monetary market goods and services

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Munich Personal RePEc Archive

The Funding by participation and its impact on immediate balance in

monetary market goods and services

ABDELLAOUI, Okba and BEN AMARA, Naoual and SALHI, Nadjai

University of Echahid Hamma Lakhdar , Eloued- Algeria, University Kasdi Merbah Ouargla- Algeria, University of Echahid Hamma Lakhdar, Eloued - Algeria

5 November 2014

Online at https://mpra.ub.uni-muenchen.de/65929/

MPRA Paper No. 65929, posted 05 Aug 2015 11:20 UTC

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1

2

3

1 okbabde@gmail.com

00210112101162 0021002255761

2 b.naoual_sf@yahoo.com

3 salhi.souf@gmail.com

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IS -LM

IS- LM







4 5

1

1990 4 06 1991  505

1999  176

1 5 1991

26

1  1 1991

165

1  1991

17

(5)

1 2 3 4 5

2

1

1950 1960 1972

(6)

1912 1979

1910 1910

1976

1991

111 171

1997

112,1

7,0

2001

200 50

151 000

16 20

%

1977

2 







13 6

www.kantakji.com/fiqh/Files/Markets/B162.doc 2005 7

2006

50 8 2006

251

106 9 11 10 1999 11

11

2 12 2000

50

(7)



20 13 http://monzer.kahf.com/books/arabic/al-iqtisad_al-islami_ilman_wa_nizaman.pdf

0 14

215 1996 15

109 20

25 2011 1

1 16 05

1996 015

(8)

.



1 17 11

2005 117 06 18

2010 91

19 2 20

1990 119

110

1999 21 52

501 22

(9)

1 1.1

*

R i

1 23 1991

602

501 24 100 25 1 26

1995 126

1991 27 210

215

(10)

i

*

P0 = RN1/1+R + RN2/(1+R)²+ ….. + RNn/ RNn/(1+R)ⁿ

P₀ R RN

*

P₀ = RN/R ]1-1/(1+R)ⁿ [

i R

R > i i R

i R R > i

i R I = f(i)

I = I

0

- µ i

I

0

i µ

R

2.1

2007 28 156

151 29 157

(11)

*

r r

r

1 30 2001 22

31

(12)

r₁ r₂

r₃

r = r1 + r2

I = I0 - µ r

I0

r µ

r

r3

1.2.1 P

₀ RN

RN*r₃ = P₀

RN = RB– TRB

R

B

T

RB

R_B = RT – CT RT

CT

r

₃x

3 3 0

0

– –

RN r RN r Z P

R  P

32 9

10 2010 12

33 2007

56

(13)

 

3 0

0

1– –

RNr Z P

R  P

 

3 0

1–

RNr Z 1

R  P 

 

3 0

1–

1 RN r Z

R   P

 

3 0

1–

1 RN r Z P  R



n

 

   

1 3 2 3 3

0 2

1– 1– 1–

...

1 1 1 1

n

n n

RN r Z RN r Z RN r Z S

P  R  R   R  R

   

S

 

3 0

1– 1

1

1ⁿ RN r Z

P R R

 

   

  

 

P0

RN r3

R Z

n r

3

R r₃ RN

2.2.1

RN₁+ RN₂ = RN * r₁ + RN * r₂ RN₁+ RN₂ = RN ( r₁ + r₂) RN1+ RN2 = RN * r

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– 0

RN r RNZ  P Z

 

0

– RN r Z  P Z



–



P⁰

r Z Z

  RN

P0

P

₀

= RN r D

D



–



RN r D

r Z Z

  RN



r – Z



 r D Z I = I0 - µ ( r – Z)

(r – Z)

r

r₁+ r₂ r₃

R R

3

34 01

07 2005 11

35 19

21 2011 1

(15)

*

I = I1 + RI = I0 + (1-d) z (Y (h + j (1–b)) + Kn) - µ(r-Z) Y

Z

(r-Z)

 

*

0

1

Y M g r Z

    

    

*

0 0 0 0

1 –

1 1 ⁿ

Y zK I G X M µ r Z

b z j z h m

            

1

1.1

*

7 36 5 1

9 10

37 7 7

10

(16)

2

3

2

1 38 2007 257

251

251 39 259 17 40 1 41

2001 590

(17)

1

Y^* Yf

1

*

LM LM₁

Y1

IS IS₁

Y₂

*

LM1 LM2

IS1

IS₂

Y₃

Y^* (r-Z)^*

Y (r-Z)

IS

LM

Yf

LM₁

Y^*1

IS1

Y^*2

LM₂

IS2

(r-Z)2

Y^*₃ (r-Z)3

(r-Z)1

LM₃

Y^*₄ (r-Z)4

(18)

*

LM2

LM3

Y4

Yf

3

2

Yf

Y^*

*

LM

LM₁ Y₁

IS IS1

Y2

2

Y^*

(r-Z)^*

Y (r-Z)

IS

LM

Yf

Y^*3

(r-Z)2

(r-Z)1

(r-Z)3

LM₁ IS1

IS₂

Y^*1 Y^*2

LM₂ LM₂

Y^*4

(19)

*

،

LM1

LM2

IS1

IS2

Y3

* LM2

LM3

Y₄ Y_f

1 .

.

2 .

0 .

.

5

6 .

(20)

 

   

1 3 2 3 3

0 2

– – –

...

1 1 1 1

n

n n

RN r Z RN r Z RN r Z S

P  R  R   R  R

   

1 .



r – Z



 r D Z

7 .

1 .

1 0

2 1

05

1996

0 2007

5 1999

6 1

1 1991

7 1

1995

1 1

1991

9 2005

2006

10 1

2001

11 1

2001

12 20

25 2011

10 1

11

2005

15 1999

16 1

1991

11 9

10 2010

17 19

21 2011

(21)

11 1

1 1991

19 01

07 2005

20 2006

21 1

1991

22 1990

20 1991

25 2

2000

26 2007

21 www.kantakji.com/fiqh/Files/Markets/B162.doc

27 1999

21 http://monzer.kahf.com/books/arabic/al-iqtisad_al-islami_ilman_wa_nizaman.pdf

29 06

2010

00 2

1990