EN
The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey
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
Details
Primary Language
English
Subjects
-
Journal Section
-
Publication Date
March 1, 2015
Submission Date
March 1, 2015
Acceptance Date
-
Published in Issue
Year 2015 Volume: 5 Number: 1
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.Serhan Cevik, Joshua Charap. 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