Narrow search
Showing 1 - 10 of 3,222
Cover Image
What’s in it for Me? A Primeron Differences between Islamic and Conventional Finance in Malaysia
Krasicka, Olga; Nowak, Sylwia - International Monetary Fund (IMF) - 2012
conventional bond and equity prices are driven by common factors. Likewise, especially in recent years, Islamic banks have …
Persistent link: https://www.econbiz.de/10011142164
Cover Image
Volatility Spillovers and Contagion From Mature to Emerging Stock Markets
Caporale, Guglielmo Maria; Schulze-Ghattas, Marianne; … - International Monetary Fund (IMF) - 2008
This paper examines volatility spillovers from mature to emerging stock markets and tests for changes in the transmission mechanism-contagion-during turbulences in mature markets. Tri-variate GARCH-BEKK models of returns in global (mature), regional, and local markets are estimated for 41...
Persistent link: https://www.econbiz.de/10005825961
Cover Image
Transmission of Liquidity Shocks; Evidence From the 2007 Subprime Crisis
Hesse, Heiko; Frank, Nathaniel; González-Hermosillo, Brenda - International Monetary Fund (IMF) - 2008
We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency issues surrounding key financial institutions during the 2007 subprime crisis. A multivariate GARCH model is estimated in order to test for the transmission of liquidity shocks...
Persistent link: https://www.econbiz.de/10005769187
Cover Image
On Brazil’s Term Structure; Stylized Facts and Analysis of Macroeconomic Interactions
Cabral, Rodrigo; Munclinger, Richard; Alves, Luiz; … - International Monetary Fund (IMF) - 2011
This paper characterizes the term structure of Treasury bond yields for Brazil, and estimates a Nelson-Siegel Model to …
Persistent link: https://www.econbiz.de/10009147330
Cover Image
Konstruktion einer Anleihe mit hypothekarischer Besicherung
Alram, Johannes - Frankfurt School of Finance and Management - 2009
This work describes the legal structuring of a mortgage covered bond in accordance with the regulations of paragraphs … rights of the bond holders according to the regulations of the German Statue Governing Common Rights of Owners of Debt … Securities (Schuldverschreibungsgesetz). Furthermore, the work describes how the bond creditors shall have preferences of the …
Persistent link: https://www.econbiz.de/10005026984
Cover Image
Sukuk vs. Eurobonds; Is there a Difference in Value-At-Risk?
Raei, Faezeh; Cakir, Selim - International Monetary Fund (IMF) - 2007
This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure of investment portfolios by using the Value-at-Risk (VaR) framework. The market for Sukuk has grown tremendously in recent years at about 45 percent a year. Sukuk provide...
Persistent link: https://www.econbiz.de/10005264017
Cover Image
Operative Principles of Islamic Derivatives; Towards a Coherent Theory
Sole, Juan; Jobst, Andreas - International Monetary Fund (IMF) - 2012
Derivatives are few and far between in countries where the compatibility of financial transactions with Islamic law requires the development of shari'ah-compliant structures. Islamic finance is governed by the shari'ah, which bans speculation and gambling, and stipulates that income must be...
Persistent link: https://www.econbiz.de/10009654161
Cover Image
Asia Bond Monitor June 2014
Asian Development Bank; Asian Development Bank (ADB) - 2014
This publication reviews recent developments in East Asian local currency bond markets along with the outlook, risks …
Persistent link: https://www.econbiz.de/10011124423
Cover Image
The role of goods, money and securities markets in promoting family takaful in Malaysia
Rahman, Zuriah Abdul; Yusof, Rosylin Mohd.; Majid, M. … - In: International Journal of Monetary Economics and Finance 2 (2009) 3/4, pp. 317-335
In line with the government's policy to promote Malaysia as an international hub for Islamic banking and finance, the … market. The findings indicate that, the goods market is the most significant market in promoting family takaful in Malaysia …
Persistent link: https://www.econbiz.de/10010669722
Cover Image
Sensitivity of the Islamic and conventional banks to monetary policy changes: the case of Malaysia
Kassim, Salina H.; Majid, M. Shabri Abd. - In: International Journal of Monetary Economics and Finance 2 (2009) 3/4, pp. 239-253
This study intends to determine the impact of monetary policy changes on Islamic banks vis-a-vis conventional banks. In achieving this, the study explores the dynamic inter-relationships between deposits and loans of the Islamic and conventional banks with monetary policy variable using two...
Persistent link: https://www.econbiz.de/10010669726