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Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain

The objective of this paper is to empirically explore the dynamic inter-relationships between deposits of Islamic banks with monetary policy variables in Bahrain and Malaysia covering are being dubbed as the worlds' largest International Islamic Financial Hubs (Qorchi, 2005). A comparative anal...

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Main Authors: Mohd Yusof, Rosylin, Al Wosabi, Mohammed, Abd. Majid, M. Shabri
Format: Article
Language:English
Published: The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) 2009
Subjects:
H Social Sciences (General)
HB Economic Theory
HC Economic History and Conditions
Online Access:http://irep.iium.edu.my/8112/1/Monetary_policy_shocks_and_Islamic_banks%27_deposits_in_a_dual_banking_system_Empirical_evidence_from_Malaysia_and_Bahrain.pdf
http://irep.iium.edu.my/8112/
http://www.sesric.org/files/article/306.pdf
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spelling my.iium.irep.81122012-04-18T07:47:49Z http://irep.iium.edu.my/8112/ Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain Mohd Yusof, Rosylin Al Wosabi, Mohammed Abd. Majid, M. Shabri H Social Sciences (General) HB Economic Theory HC Economic History and Conditions The objective of this paper is to empirically explore the dynamic inter-relationships between deposits of Islamic banks with monetary policy variables in Bahrain and Malaysia covering are being dubbed as the worlds' largest International Islamic Financial Hubs (Qorchi, 2005). A comparative analysis between these two countries highlights the differences and similarities of the impact of monetary policy shocks on the Islamic banks' deposits. The analysis comprises of two major testing approaches. First, the auto-regressive distributed lag (ARDL) model is used to examine the long-run dynamics among the variables. Compared to the Malaysian Islamic banks' deposits, the study finds that the Islamic banks' deposits in Bahrain are sensitive to monetary policy changes. This implies that the Bahraini Islamic banks are less capable of offset the destabilizing impact of monetary policy as compared to its Malaysian counterpart. The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) 2009 Article REM application/pdf en http://irep.iium.edu.my/8112/1/Monetary_policy_shocks_and_Islamic_banks%27_deposits_in_a_dual_banking_system_Empirical_evidence_from_Malaysia_and_Bahrain.pdf Mohd Yusof, Rosylin and Al Wosabi, Mohammed and Abd. Majid, M. Shabri (2009) Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain. Journal of Economic Cooperation and Development, 30 (2). pp. 1-26. ISSN 1308-7800 http://www.sesric.org/files/article/306.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
topic H Social Sciences (General)
HB Economic Theory
HC Economic History and Conditions
spellingShingle H Social Sciences (General)
HB Economic Theory
HC Economic History and Conditions
Mohd Yusof, Rosylin
Al Wosabi, Mohammed
Abd. Majid, M. Shabri
Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain
description The objective of this paper is to empirically explore the dynamic inter-relationships between deposits of Islamic banks with monetary policy variables in Bahrain and Malaysia covering are being dubbed as the worlds' largest International Islamic Financial Hubs (Qorchi, 2005). A comparative analysis between these two countries highlights the differences and similarities of the impact of monetary policy shocks on the Islamic banks' deposits. The analysis comprises of two major testing approaches. First, the auto-regressive distributed lag (ARDL) model is used to examine the long-run dynamics among the variables. Compared to the Malaysian Islamic banks' deposits, the study finds that the Islamic banks' deposits in Bahrain are sensitive to monetary policy changes. This implies that the Bahraini Islamic banks are less capable of offset the destabilizing impact of monetary policy as compared to its Malaysian counterpart.
format Article
author Mohd Yusof, Rosylin
Al Wosabi, Mohammed
Abd. Majid, M. Shabri
author_facet Mohd Yusof, Rosylin
Al Wosabi, Mohammed
Abd. Majid, M. Shabri
author_sort Mohd Yusof, Rosylin
title Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain
title_short Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain
title_full Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain
title_fullStr Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain
title_full_unstemmed Monetary policy shocks and Islamic banks' deposits in a dual banking system: empirical evidence from Malaysia and Bahrain
title_sort monetary policy shocks and islamic banks' deposits in a dual banking system: empirical evidence from malaysia and bahrain
publisher The Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
publishDate 2009
url http://irep.iium.edu.my/8112/1/Monetary_policy_shocks_and_Islamic_banks%27_deposits_in_a_dual_banking_system_Empirical_evidence_from_Malaysia_and_Bahrain.pdf
http://irep.iium.edu.my/8112/
http://www.sesric.org/files/article/306.pdf
_version_ 1643606073195626496
score 13.211869

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