Publication:
Monetary policy transmission through islamic and conventional banks in Malaysia

dc.contributor.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#en_US
dc.contributor.authorAsbeig, Hussam Idrisen_US
dc.date.accessioned2024-10-08T05:15:59Z
dc.date.available2024-10-08T05:15:59Z
dc.date.issued2015
dc.description.abstractMonetary policy in Malaysia has been designed to be accommodative and supportive of economic growth with balancing the risk of inflation. Therefore, interest rates have been relatively low during the last decade, and the financing conditions continued to be supportive of economic activities. As the cost of borrowing remains low, the transmission of monetary policy through the traditional channel of interest rate might be diminished. Moreover, the influential presence of the Islamic banks may have further compounded the transmission process of monetary policy via the interest rate channel. This gives more importance to investigating other channels that function through the supply of finance, such as the lending channel. This study investigates the impact of monetary policy changes upon the bank supply of financing as an alternative or complementary mechanism to the traditional money view. In order to disentangle the demand factors from the supply determinants, the study adopts a multiplicative model based on the panel data approach. The study utilises annual data spanning from 2000 through 2011. The bank-level data used in the study covers 24 banks in Malaysia, comprising of 14 conventional banks and 11 Islamic banks. This data is sourced from banks’ financial statements, and each micro observation in the data is calculated manually. In particular, the study analyses the impact of the monetary policy measures on the financing behaviour of the Islamic and conventional banks based on their capital strength, liquidity degree and size. The study finds that the changes of monetary policy have no significant impact on the level of financing for either type of banks. Bank specific characteristics namely, size, liquidity and capitalisation are found to be pure independent variables and not sources for any heterogeneous responses to monetary policy actions, which is not supportive of an operative lending channel during the study period in Malaysia.en_US
dc.description.callnumbert HG 1250.6 A799M 2015en_US
dc.description.degreelevelDoctoralen_US
dc.description.identifierThesis : Monetary policy transmission through islamic and conventional banks in Malaysia /by Hussam Idris Asbeigen_US
dc.description.identityt11100340539HussamIdrisAsbeigen_US
dc.description.kulliyahIIUM Institute of Islamic Banking and Financeen_US
dc.description.notesThesis (Ph.D)--International Islamic University Malaysia, 2015en_US
dc.description.physicaldescriptionxiii, 164 leaves : ill. ; 30cm.en_US
dc.description.programmeDoctor of Philosophy in Islamic Banking and Financeen_US
dc.identifier.urihttps://studentrepo.iium.edu.my/handle/123456789/8167
dc.identifier.urlhttps://lib.iium.edu.my/mom/services/mom/document/getFile/lXVmjJIs5MFUxz7RIfAfta2jobPE5EGq20150703093018043
dc.language.isoenen_US
dc.publisherKuala Lumpur : International Islamic University Malaysia, 2015en_US
dc.rightsCopyright International Islamic University Malaysia
dc.subject.lcshMoney -- Malaysiaen_US
dc.subject.lcshMonetary policy -- Malaysiaen_US
dc.subject.lcshMonetary policy -- Malaysia -- Econometric modelsen_US
dc.subject.lcshCredit -- Malaysia -- Econometric modelsen_US
dc.titleMonetary policy transmission through islamic and conventional banks in Malaysiaen_US
dc.typeDoctoral Thesisen_US
dspace.entity.typePublication

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