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Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data

This study analyses the role of Islamic banks in transmitting monetary policy through the bank-financing channel in Malaysia. Bank size, liquidity and capitalization levels are hypothesized to be sources of cross-sectional differences among banks. If relevant, this implies that the financing channel...

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Main Authors: Asbeig, Hussam I., Kassim, Salina
Format: Article
Language:English
English
Published: Statistical Economic and Social Research and Training Centre for Islamic Countries 2014
Subjects:
HB Economic Theory
HC Economic History and Conditions
Online Access:http://irep.iium.edu.my/58467/1/58467_Monetary%20policy%20transmission_article_new.pdf
http://irep.iium.edu.my/58467/2/58467_Monetary%20policy%20transmission_scopus.pdf
http://irep.iium.edu.my/58467/
http://www.sesric.org/pdf.php?file=ART13090101-2.pdf
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spelling my.iium.irep.584672017-09-21T08:51:56Z http://irep.iium.edu.my/58467/ Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data Asbeig, Hussam I. Kassim, Salina HB Economic Theory HC Economic History and Conditions This study analyses the role of Islamic banks in transmitting monetary policy through the bank-financing channel in Malaysia. Bank size, liquidity and capitalization levels are hypothesized to be sources of cross-sectional differences among banks. If relevant, this implies that the financing channel is operational through the Islamic banks. We evaluate a sample period from 2000 to 2011, using panel data with robust standard errors, to investigate the heterogeneity of the financing supply in response to monetary policy shocks. The results show no significant differences across banks, based on size, capitalization and liquidity levels, and thus do not support the presence of a bank-financing channel in Malaysia. The study contributes a deeper understanding of the role of Islamic banks in the monetary policy transmission mechanism in Malaysia Statistical Economic and Social Research and Training Centre for Islamic Countries 2014 Article REM application/pdf en http://irep.iium.edu.my/58467/1/58467_Monetary%20policy%20transmission_article_new.pdf application/pdf en http://irep.iium.edu.my/58467/2/58467_Monetary%20policy%20transmission_scopus.pdf Asbeig, Hussam I. and Kassim, Salina (2014) Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data. Journal of Economic Cooperation and Development, 35 (2). pp. 121-136. ISSN 1308-7800 http://www.sesric.org/pdf.php?file=ART13090101-2.pdf
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic HB Economic Theory
HC Economic History and Conditions
spellingShingle HB Economic Theory
HC Economic History and Conditions
Asbeig, Hussam I.
Kassim, Salina
Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data
description This study analyses the role of Islamic banks in transmitting monetary policy through the bank-financing channel in Malaysia. Bank size, liquidity and capitalization levels are hypothesized to be sources of cross-sectional differences among banks. If relevant, this implies that the financing channel is operational through the Islamic banks. We evaluate a sample period from 2000 to 2011, using panel data with robust standard errors, to investigate the heterogeneity of the financing supply in response to monetary policy shocks. The results show no significant differences across banks, based on size, capitalization and liquidity levels, and thus do not support the presence of a bank-financing channel in Malaysia. The study contributes a deeper understanding of the role of Islamic banks in the monetary policy transmission mechanism in Malaysia
format Article
author Asbeig, Hussam I.
Kassim, Salina
author_facet Asbeig, Hussam I.
Kassim, Salina
author_sort Asbeig, Hussam I.
title Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data
title_short Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data
title_full Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data
title_fullStr Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data
title_full_unstemmed Monetary policy transmission through the bank-financing channel in Malaysia: Evidence from bank-level data
title_sort monetary policy transmission through the bank-financing channel in malaysia: evidence from bank-level data
publisher Statistical Economic and Social Research and Training Centre for Islamic Countries
publishDate 2014
url http://irep.iium.edu.my/58467/1/58467_Monetary%20policy%20transmission_article_new.pdf
http://irep.iium.edu.my/58467/2/58467_Monetary%20policy%20transmission_scopus.pdf
http://irep.iium.edu.my/58467/
http://www.sesric.org/pdf.php?file=ART13090101-2.pdf
_version_ 1643615363098738688
score 13.211869

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