The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey:
This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit rate...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2011
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Schriftenreihe: | IMF Working Papers
Working Paper No. 11/156 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit rates and PLS returns exhibit long-run cointegration and the time-varying volatility of conventional bank deposit rates and PLS returns is correlated and is statistically significant. The pairwise and multivariate causality tests show that conventional bank deposit rates Granger cause returns on PLS accounts. These findings have policy implications in terms of price stability and financial stability |
Beschreibung: | 1 Online-Ressource (23 p) |
ISBN: | 1455293709 9781455293704 |
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spelling | Charap, Joshua Verfasser aut The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey Charap, Joshua Washington, D.C International Monetary Fund 2011 1 Online-Ressource (23 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 11/156 This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit rates and PLS returns exhibit long-run cointegration and the time-varying volatility of conventional bank deposit rates and PLS returns is correlated and is statistically significant. The pairwise and multivariate causality tests show that conventional bank deposit rates Granger cause returns on PLS accounts. These findings have policy implications in terms of price stability and financial stability Online-Ausg Cevik, Serhan Sonstige oth http://elibrary.imf.org/view/IMF001/11985-9781455293704/11985-9781455293704/11985-9781455293704.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Charap, Joshua The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey |
title | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey |
title_auth | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey |
title_exact_search | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey |
title_exact_search_txtP | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey |
title_full | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey Charap, Joshua |
title_fullStr | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey Charap, Joshua |
title_full_unstemmed | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey Charap, Joshua |
title_short | The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey |
title_sort | the behavior of conventional and islamic bank deposit returns in malaysia and turkey |
url | http://elibrary.imf.org/view/IMF001/11985-9781455293704/11985-9781455293704/11985-9781455293704.xml |
work_keys_str_mv | AT charapjoshua thebehaviorofconventionalandislamicbankdepositreturnsinmalaysiaandturkey AT cevikserhan thebehaviorofconventionalandislamicbankdepositreturnsinmalaysiaandturkey |