cointegration and panel vector error-correction (VECM) model to examine the existence and direction of the causal relationship … Moments (dynamic GMM). For 40 Islamic banks, the empirical results tend to indicate that the Islamic bank stock prices have …, we found that there exists a bidirectional Granger-causal relationship between the Islamic bank stock prices and exchange …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored … against the prevalent level or differenced estimation. …

of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored … against the prevalent level or differenced estimation. …

cointegration approach and Engle Granger Error Corection Model (ECM), covering monthly time series data from January 2000 to April … 2010, both short run and long run relationships are investigated. It is found out that there is cointegration relationship …

). Our estimation techniques include Johansen cointegration test and the dynamic ordinary least squares (DOLS). We find that …The present study uses the most recent time series data obtained from the Bank of Thailand during the first quarter of … the DOLS procedure is not applicable for our data set. However, our results from Johansen cointegration test reveal that …

econometric techniques namely Unit root test, cointegration test, vector auto correction model (VECM), Granger-Causality test and …