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The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey

The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey by Joshua Charap
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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.
International Monetary Fund; July 2011
23 pages; ISBN 9781462381906
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Title: The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey
Author: Joshua Charap; Serhan Cevik
 
ISBNs
1462381901
9781455293704
9781462318339
9781462381906