MONETARY POLICY PASS-THROUGH, EXCESS LIQUIDITY AND PRICE SPILLOVER: A COMPARATIVE STUDY OF CONVENTIONAL AND ISLAMIC BANKS OF PAKISTAN
This study investigates the comparative pass-through of policy rate to the retail prices, spillover of prices between Islamic and conventional banking systems, and the impact of excess liquidity on these pass-throughs using data from interbank market of Pakistan. The results suggest that the monetar...
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| Format: | Article |
| Language: | English |
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Bank Indonesia
2019-07-01
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| Series: | Journal of Islamic Monetary Economics and Finance |
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| Online Access: | http://jimf-bi.org/index.php/JIMF/article/view/1064 |