On the role of Islamic and conventional banks in the monetary policy transmission in Malaysia: Do size and liquidity matter?
作者: Abdul RashidM. Kabir HassanMuhammad Abdul Rehman Shah
作者单位: 1International Institute of Islamic Economics (IIIE), International Islamic University, Islamabad, Pakistan
2Department of Economics and Finance, University of New Orleans, United States
3University of Engineering and Technology Taxila, Pakistan
刊名: Research in International Business and Finance, 2020, Vol.52
来源数据库: Elsevier Journal
DOI: 10.1016/j.ribaf.2019.101123
关键词: Islamic bankingLoan supplyBank credit channelMonetary policyTransmission mechanismBank sizeLiquidity position
原始语种摘要: Abstract(#br)This paper empirically investigates the impact of monetary policy on the credit supply of Islamic versus conventional banks of Malaysia using an unbalanced panel dataset over the period 2005-2016. While estimating the effects of three alternative measures of monetary policy on banks' credit supply, we include several bank-specific and macroeconomic variables in the specification as control variables. We provide strong evidence on the existence of the credit channel of monetary policy transmission mechanism in Malaysia. Yet, we show that Islamic banks respond considerably less to changes in monetary policy instruments as compared to their conventional counterparts. We also find that the monetary policy measures affect small-sized banks and less-liquid banks more as compared to...
全文获取路径: Elsevier  (合作)

  • monetary 金融
  • Malaysia 马来西亚
  • liquidity 怜性
  • policy 政策
  • banks 管束
  • credit 信用
  • banking 筑堤
  • macroeconomic 宏观经济的
  • supply 供给
  • consider 仔细考虑