The effects of monetary policy on the Islamic financial services industry
Purpose – The purpose of this paper is to investigate the effects of monetary policy on the Islamic financial service industry by studying the findings of the existed literature. Design/methodology/approach – Because of the unavailability of the empirical models in the existing study, the authors...
| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Emerald Group Publishing Limited
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/51355/4/51355.pdf http://irep.iium.edu.my/51355/7/51355-The_effects_of_monetary_policy_on_the_Islamic_financial_services_industry_SCOPUS.pdf |
| _version_ | 1825649774972370944 |
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| author | Yungucu, Burak Saiti, Buerhan |
| author_facet | Yungucu, Burak Saiti, Buerhan |
| author_sort | Yungucu, Burak |
| collection | IIUM |
| description | Purpose – The purpose of this paper is to investigate the effects of monetary policy on the Islamic
financial service industry by studying the findings of the existed literature.
Design/methodology/approach – Because of the unavailability of the empirical models in the
existing study, the authors used past studies review and proposed a new theoretical model.
Findings – Majority of these studies have documented the negative effects with the exception of a few.
The transmission of the monetary policy has been taken place through interest rate risk, asset-liability
mismatch, as well as deposit and financing instability. Furthermore, the examined studies have
confirmed the viability of the Islamic monetary policy.
Originality/value – The proposed model may offer some insights to policy makers if it is examined
empirically |
| first_indexed | 2024-03-05T23:52:32Z |
| format | Article |
| id | oai:generic.eprints.org:51355 |
| institution | International Islamic University Malaysia |
| language | English English |
| last_indexed | 2024-03-05T23:52:32Z |
| publishDate | 2016 |
| publisher | Emerald Group Publishing Limited |
| record_format | dspace |
| spelling | oai:generic.eprints.org:513552016-12-21T02:36:06Z http://irep.iium.edu.my/51355/ The effects of monetary policy on the Islamic financial services industry Yungucu, Burak Saiti, Buerhan HG Finance Purpose – The purpose of this paper is to investigate the effects of monetary policy on the Islamic financial service industry by studying the findings of the existed literature. Design/methodology/approach – Because of the unavailability of the empirical models in the existing study, the authors used past studies review and proposed a new theoretical model. Findings – Majority of these studies have documented the negative effects with the exception of a few. The transmission of the monetary policy has been taken place through interest rate risk, asset-liability mismatch, as well as deposit and financing instability. Furthermore, the examined studies have confirmed the viability of the Islamic monetary policy. Originality/value – The proposed model may offer some insights to policy makers if it is examined empirically Emerald Group Publishing Limited 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/51355/4/51355.pdf application/pdf en http://irep.iium.edu.my/51355/7/51355-The_effects_of_monetary_policy_on_the_Islamic_financial_services_industry_SCOPUS.pdf Yungucu, Burak and Saiti, Buerhan (2016) The effects of monetary policy on the Islamic financial services industry. Qualitative Research in Financial Markets, 8 (3). pp. 218-228. ISSN 1755-4179 http://www.emeraldinsight.com/doi/abs/10.1108/QRFM-02-2016-0006 10.1108/QRFM-02-2016-0006 |
| spellingShingle | HG Finance Yungucu, Burak Saiti, Buerhan The effects of monetary policy on the Islamic financial services industry |
| title | The effects of monetary policy on the Islamic financial services industry |
| title_full | The effects of monetary policy on the Islamic financial services industry |
| title_fullStr | The effects of monetary policy on the Islamic financial services industry |
| title_full_unstemmed | The effects of monetary policy on the Islamic financial services industry |
| title_short | The effects of monetary policy on the Islamic financial services industry |
| title_sort | effects of monetary policy on the islamic financial services industry |
| topic | HG Finance |
| url | http://irep.iium.edu.my/51355/4/51355.pdf http://irep.iium.edu.my/51355/7/51355-The_effects_of_monetary_policy_on_the_Islamic_financial_services_industry_SCOPUS.pdf |
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