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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
Ayrıntılar
Birincil Dil
İngilizce
Konular
-
Bölüm
-
Yayımlanma Tarihi
1 Mart 2015
Gönderilme Tarihi
1 Mart 2015
Kabul Tarihi
-
Yayımlandığı Sayı
Yıl 2015 Cilt: 5 Sayı: 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, ve 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 (01 Mart 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 ve J. Charap, “The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey”, IJEFI, c. 5, sy 1, ss. 111–124, Mar. 2015, [çevrimiçi]. Erişim adresi: 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 (01 Mart 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, ve Joshua Charap. “The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey”. International Journal of Economics and Financial Issues, c. 5, sy 1, Mart 2015, ss. 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]. 01 Mart 2015;5(1):111-24. Erişim adresi: https://izlik.org/JA92DG94RG