Document Type : Article
Authors
1 PhD student in public law at Imam Sadiq University (AS), Tehran, Iran
2 Assistant Prof., Department of Public and International Law; Faculty of Islamic Studies and Law, Imam Sadiq University (AS), Tehran, Iran
3 Assistant Prof., Department of Monetary and Financial Economics; Faculty of Islamic Studies and Economics, Imam Sadiq University (AS); Tehran, Iran
Abstract
Modern money creation, which is one of the tools to redistribute wealth and strengthen distributional justice; Based on various laws, such as “the monetary and banking” law, it's considered one of the central bank's discretionary powers. The central bank, as the main institution in creating money and as the institution that preserves the value of the national currency, is obliged to use this discretionary authority within the framework of the constitution and laws and good administration; Otherwise, it may cause severe economic damage to the people. One of the administrative principles that the institution with discretionary authority must pay attention to, is the principle of equality, which must also be considered in applying the authority to money creation. In the capacity of exercising discretionary authority, the administrative organization must constantly measure its performance in accordance with principle of equality and answer the question, "How is it possible to respect the principle of equality in applying the discretionary authority to money creation?" The method of this article is descriptive-analytical and the author's achievement in the research process is that, although the money creation doesn't inherently lead to the production of inequality, the banking system of Iran regulations, systematically create inequality.
Keywords
Main Subjects
English
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