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The different impact of conventional interest rates on Islamic stock market, Islamic banking and Islamic insurance: evidence from Malaysia
Othman, Arshad Nuval; Masih, Mansur - Volkswirtschaftliche Fakultät, … - 2014
interest rates on Islamic finance components – Islamic stock markets, Islamic banking and Islamic insurance (called takaful …). Such evidence remains imperative in order for the Islamic finance system to formulate effective countermeasures against … interaction of each Islamic finance component with conventional interest rates – the positive long-run relationship and …
Persistent link: https://www.econbiz.de/10011212777
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Wealth, incomes and debt: the blocked channels
De Koning, Kees - Volkswirtschaftliche Fakultät, … - 2015
Economic growth data does not show how such growth was achieved. Was it based on income growth and consumption spending levels or was it based on borrowings to extend the income levels? The question is vital for deciding which economic tools work best for correcting imbalances. The main...
Persistent link: https://www.econbiz.de/10011251886
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Inflation targeting and interest rates
Lanzafame, Matteo; Nogueira, Reginaldo - Volkswirtschaftliche Fakultät, … - 2013
Inflation Targeting (IT) can be expected to play a role in structurally reducing nominal interest rates, by lowering a country’s inflation expectations and risk premium. Relying on a panel of 52 advanced and emerging economies over the 1975-2009 years, we carry out a formal investigation of...
Persistent link: https://www.econbiz.de/10011258847
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Financial Instability, Uncertainty and Banks’ Lending Behaviour
Swamy, Vighneswara; S, Sreejesh - Volkswirtschaftliche Fakultät, … - 2012
Why do banks squeeze their lending activity? is an oft-repeated question during the times of financial crisis. This study examines an emerging economy’s banking system and contributes to the evolving body of literature on the topic by providing answers as to what causes the sluggish bank...
Persistent link: https://www.econbiz.de/10011259138
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Some thoughts on accurate characterization of stock market indexes trends in conditions of nonlinear capital flows during electronic trading at stock exchanges in global capital ma...
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2013
This research represents some thoughts on the accurate characterization of the stock market indexes trends in the conditions of the nonlinear capital flows at the stock exchanges in the global capital markets. We make our original research proposal that the nonlinear capital flows in the process...
Persistent link: https://www.econbiz.de/10011259405
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Crowding Out, Deficits, and Interest Rates: Reply
Cebula, Richard - Volkswirtschaftliche Fakultät, … - 1987
This Note endeavors to illustrate the relevance of the impact of the budget deficit upon the interest rate to the issue of crowding out. It is argued that empirical studies of the impact of deficits upon interest rates may be very useful in det­ermining whether (and how) crowding out occurs,...
Persistent link: https://www.econbiz.de/10011260629
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Microfinance and Moneylenders: Long-run Effects of MFIs on Informal Credit Market in Bangladesh
Berg, Claudia; Emran, M. Shahe; Shilpi, Forhad - Volkswirtschaftliche Fakultät, … - 2013
Using two surveys from Bangladesh, this paper provides evidence on the effects of microfinance competition on village moneylender interest rates and households’ dependence on informal credit. The views among practitioners diverge sharply: proponents claim that MFI competition reduces both the...
Persistent link: https://www.econbiz.de/10011260674
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International Capital Flows, Federal Budget Deficits, and Interest Rates, 1971-1984
Belton, Willie; Cebula, Richard - Volkswirtschaftliche Fakultät, … - 1994
This study investigates the impact of federal budget deficits on both short-term and long­-term interest rates from 1971 to 1984 within an open IS-IM model that includes net international capital inflows. Two time periods are examined using quarterly data: 1971.4 to 1984.4 and 1979.4 to 1984.4....
Persistent link: https://www.econbiz.de/10011261058
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Debt-deficit dynamics in India and macroeconomic effects: A structural approach
Kannan, R; Singh, Bhupal - Volkswirtschaftliche Fakultät, … - 2007
The structural approach adopted in this paper aims to trace out the evolution of public debt and deficits over a medium term horizon and its dynamic interaction with other key macroeconomic variables such as interest rate, inflation, trade gap and output. The policy simulations for India reveal...
Persistent link: https://www.econbiz.de/10005087507
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Testing Linearity in Term Structures
Peroni, Chiara - Volkswirtschaftliche Fakultät, … - 2009
Recent empirical studies suggests that affine models, a popular framework to analyse term structures of interest rates, are misspecified. This evidence is mainly based on time series properties of the data. This article re-examines this controversy, by investigating both cross-sectional and...
Persistent link: https://www.econbiz.de/10005087512