Redirigiendo al acceso original de articulo en 23 segundos...
ARTÍCULO
TITULO

Impact of Monetary Policy Fluctuations on Conventional and Islamic Banks in Malaysia: Evidence from ARDL Approach

Abdullahi Osman Ali    

Resumen

The purpose of this study to investigate the effect of monetary policy on conventional and Islamic banks. This study deployed autoregressive distributed lag (ARDL) model due to its appropriateness for small sample. Bond test result indicates that there is long run relationship among Islamic bank loans and its determinant and also conventional bank and its determinant at 1% significance level. Nevertheless, result from this study illustrates that there is significant negative impact of interest rate on Islamic bank loans in short run and although it is not significant in the long run. it also illustrates presence of significant negative impact of interest rate on conventional bank loans in the short run while there is significant positive impact on conventional bank loans in the long run. The outcome from this study led several policy implications; Firstly, overnight policy rate designed to influence day to day activities of financial institutions is effective in performing its function as short term predictor. Secondly, since the result supported impact of interest rate on Islamic bank loans which make necessary for the central bank to set up monetary policy that suits both banks while interest free banks needs to improve their risk management tools.Keywords: Autoregressive distributed lag, Base financing rate, Base lending rate, Overnight policy rateJEL Classifications: E5, E52DOI: https://doi.org/10.32479/ijefi.9210

 Artículos similares

       
 
CHINONSO TAMUNOWARIYE, OTEKENARI DAVID ELISHA     Pág. Page:24 - 33Abstract
The CBN's reaction to the highly regarded COVID-19 pandemic had become unavoidable given its critical unfavorable ramifications for both the worldwide and the Nigerian economies. The advancement had prompted "remarkable disturbances in worldwide graceful... ver más

 
Hassan Tawakol A. Fadol     Pág. 118 - 128
Studies employ various methods to explain the presence of the Impact of the macroeconomic indicators shocks on non-oil exports, including applying models to the case of emerging economies. However, the non-oil exports have different determinants in some ... ver más

 
Sina Jimoh Ogede,Emmanuel Oladapo George,Ibrahim Ayoade Adekunle     Pág. 113 - 125
A range of explanations had been offered for the apparent change in oil price-inflation relationship outcomes ranging from the possible use of alternate energy sources, change in the structure of output regarding fewer oil intensive sectors and the role ... ver más

 
Osuji Obinna     Pág. 170 - 180
The study examined the impact of interest rate liberalization on investment in Nigeria from 1961 to 2017 using error correction model (ECM) and variance decomposition of vector autoregressive model. The empirical findings of the study showed that interes... ver más

 
John Gatsi,Anthony A.A. Idun,Felix Mensah    
AbstractOrientation: The financial system performs essential role in the mechanisms through which economic activities translate into economic growth and development of African economies, especially through their role in the allocation of finance from the... ver más