Banking Models and Monetary Transmission Mechanisms in Malaysia: Are Islamic Banks Different?
作者: Malika AkhatovaMohd Pisal ZainalMansor H. Ibrahim
作者单位: 1INCEIF, The Global University of Islamic Finance Kuala Lumpur Malaysia
刊名: Economic Papers: A journal of applied economics and policy, 2016, Vol.35 (2), pp.169-183
来源数据库: Wiley Journal
DOI: 10.1111/1759-3441.12131
关键词: Islamic financingconventional creditcredit channelSVARMalaysia
原始语种摘要: The present paper comparatively evaluates the credit channel of monetary transmission process of Islamic banks and conventional banks by focusing on their lending/financing behaviour in responses to monetary policy shocks as well as other shocks. Adopting structural vector autoregression ( SVAR ) specification, we validate the significant responses of both conventional bank credit and Islamic bank financing to monetary policy shocks. However, the dynamic behaviour of Islamic banks following monetary policy shocks as well as other shocks tends to be different. Our analysis indicates that the Islamic bank financing tends to respond immediately while the conventional bank credit exhibits delayed responses to interest rate hikes. These results are generally robust to alternative...
全文获取路径: Wiley  (合作)

  • Malaysia 马来西亚
  • monetary 金融
  • credit 信用
  • financing 供给资金
  • autoregression 自回归
  • immediately 立即
  • banks 管束
  • policy 政策
  • lending 出租
  • interest 兴趣