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The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey

Year 2015, Volume: 5 Issue: 1, 111 - 124, 01.03.2015

Serhan Cevik Joshua Charap

https://izlik.org/JA92DG94RG

Abstract

This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit rates and PLS returns exhibit long-run cointegration and the time-varying volatility of conventional bank deposit rates and PLS returns is correlated and is statistically significant. The pairwise and multivariate causality tests show that conventional bank deposit rates Granger cause returns on PLS accounts. These findings have policy implications in terms of price stability and financial stability.

Keywords

Interest rates Islamic banks causality time-varying volatility correlation

Year 2015, Volume: 5 Issue: 1, 111 - 124, 01.03.2015

Serhan Cevik Joshua Charap

https://izlik.org/JA92DG94RG

Abstract

There are 0 citations in total.

Details

Other ID JA79SF57KJ
Authors

Serhan Cevik This is me

Joshua Charap This is me

Publication Date March 1, 2015
IZ https://izlik.org/JA92DG94RG
Published in Issue Year 2015 Volume: 5 Issue: 1

Cite

APA Cevik, S., & Charap, J. (2015). The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey. International Journal of Economics and Financial Issues, 5(1), 111-124. https://izlik.org/JA92DG94RG
AMA 1.Cevik S, Charap J. The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey. IJEFI. 2015;5(1):111-124. https://izlik.org/JA92DG94RG
Chicago Cevik, Serhan, and Joshua Charap. 2015. “The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey”. International Journal of Economics and Financial Issues 5 (1): 111-24. https://izlik.org/JA92DG94RG.
EndNote Cevik S, Charap J (March 1, 2015) The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey. International Journal of Economics and Financial Issues 5 1 111–124.
IEEE [1]S. Cevik and J. Charap, “The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey”, IJEFI, vol. 5, no. 1, pp. 111–124, Mar. 2015, [Online]. Available: https://izlik.org/JA92DG94RG
ISNAD Cevik, Serhan - Charap, Joshua. “The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey”. International Journal of Economics and Financial Issues 5/1 (March 1, 2015): 111-124. https://izlik.org/JA92DG94RG.
JAMA 1.Cevik S, Charap J. The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey. IJEFI. 2015;5:111–124.
MLA Cevik, Serhan, and Joshua Charap. “The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey”. International Journal of Economics and Financial Issues, vol. 5, no. 1, Mar. 2015, pp. 111-24, https://izlik.org/JA92DG94RG.
Vancouver 1.Cevik S, Charap J. The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey. IJEFI [Internet]. 2015 Mar. 1;5(1):111-24. Available from: https://izlik.org/JA92DG94RG