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Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries

The aim of the study is to estimate the degree of import and consumer prices exchange rate pass-through for sukuk issuing OIC member countries. Exchange rate pass-through is estimated based on recursive vector autoregresion (VAR) model. Data are yearly covering the period 1970-2010 and are sourced f...

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Main Authors: Nursilah, Ahmad,, Muhamad, Muda,
Format: Conference Paper
Language:en_US
Published: Elsevier Science Bv 2015
Subjects:
Sukuk
exchange rate pass-through
inflation
OIC economies
Online Access:http://ddms.usim.edu.my/handle/123456789/8948
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spelling my.usim-89482015-08-05T02:42:50Z Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries Nursilah, Ahmad, Muhamad, Muda, Sukuk exchange rate pass-through inflation OIC economies The aim of the study is to estimate the degree of import and consumer prices exchange rate pass-through for sukuk issuing OIC member countries. Exchange rate pass-through is estimated based on recursive vector autoregresion (VAR) model. Data are yearly covering the period 1970-2010 and are sourced from International Financial Statistics and SESRIC database. The findings indicate that import and consumer prices pass-through increases in the long horizon in the case of Bahrain and Saudi Arabia. Other countries reported low degree of both import and consumer prices pass-through with no discernible patterns. Policymakers and investors might benefits from the findings since pass-through estimates indicate inflation and exchange rate risk exposure particularly for intra-OIC cross-border sukuk issuance. (C) 2013 The Authors. Published by Elsevier B.V. 2015-08-05T02:42:50Z 2015-08-05T02:42:50Z 2014 Conference Paper 2212-5671 http://ddms.usim.edu.my/handle/123456789/8948 en_US Elsevier Science Bv
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language en_US
topic Sukuk
exchange rate pass-through
inflation
OIC economies
spellingShingle Sukuk
exchange rate pass-through
inflation
OIC economies
Nursilah, Ahmad,
Muhamad, Muda,
Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries
description The aim of the study is to estimate the degree of import and consumer prices exchange rate pass-through for sukuk issuing OIC member countries. Exchange rate pass-through is estimated based on recursive vector autoregresion (VAR) model. Data are yearly covering the period 1970-2010 and are sourced from International Financial Statistics and SESRIC database. The findings indicate that import and consumer prices pass-through increases in the long horizon in the case of Bahrain and Saudi Arabia. Other countries reported low degree of both import and consumer prices pass-through with no discernible patterns. Policymakers and investors might benefits from the findings since pass-through estimates indicate inflation and exchange rate risk exposure particularly for intra-OIC cross-border sukuk issuance. (C) 2013 The Authors. Published by Elsevier B.V.
format Conference Paper
author Nursilah, Ahmad,
Muhamad, Muda,
author_facet Nursilah, Ahmad,
Muhamad, Muda,
author_sort Nursilah, Ahmad,
title Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries
title_short Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries
title_full Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries
title_fullStr Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries
title_full_unstemmed Exchange Rate Pass-Through Estimates For Sukuk Issuing Countries
title_sort exchange rate pass-through estimates for sukuk issuing countries
publisher Elsevier Science Bv
publishDate 2015
url http://ddms.usim.edu.my/handle/123456789/8948
_version_ 1645152506274119680
score 13.222552

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