Series: IMF Working Papers
Author(s): Joshua Charap , and Serhan Cevik
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2011
Keywords: Interest rates, Islamic banks, causality, time-varying volatility correlation, bank deposit, interest, balance sheet, debt
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 fr...