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What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10011142164
period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of … long-run relationship between financial intermediation and nonhydrocarbon output growth. The OLS estimation shows that …
Persistent link: https://www.econbiz.de/10010790327
This report discusses Malaysia’s economic accomplishment and other economic reforms. Malaysia has attained a strong … growth in 2012, and a robust growth is expected in the next term. The financial position of Malaysia is sound and supported …. The authorities expected Malaysia to be a high-income nation by 2020. …
Persistent link: https://www.econbiz.de/10011245415
The global financial crisis hit Denmark hard, and the recovery has been slow and unsteady. Denmark’s slow growth predates the recent economic crisis, and the economy has underperformed its regional peers. The current account remains in surplus, largely reflecting weak domestic demand...
Persistent link: https://www.econbiz.de/10011244874
This Selected Issues paper for Chile assesses the impact of the global financial crisis on Chilean banks. It provides a framework for analyzing government measures aimed at reducing systemic risk. The analysis suggests that Chilean banks are resilient to global and regional shocks. However, even...
Persistent link: https://www.econbiz.de/10011245349
Although economic performance has remained good, difficulties in building consensus for institutional reform have caused an ill-affordable hiatus in economic policymaking. Robust economic activity absorbed a growing labor force and allowed the unemployment rate to decline continuously....
Persistent link: https://www.econbiz.de/10011245839
consistent with, the forces of international financial integration. Stepping up productivity is the key to sustaining growth …
Persistent link: https://www.econbiz.de/10011242796
This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in-...
Persistent link: https://www.econbiz.de/10010790306
This paper introduces the concept of the financial possibility frontier as a constrained optimum level of financial development to gauge the relative performance of financial systems across the globe. This frontier takes into account structural country characteristics, institutional, and...
Persistent link: https://www.econbiz.de/10010790428
Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA …
Persistent link: https://www.econbiz.de/10010959474