Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Islamic Banks and Financial Stability

Islamic Banks and Financial Stability

Rajhi, Wassim
Rajhi Wassim

Paperback

Accounting

ISBN10: 3848411679
ISBN13: 9783848411672
Publisher: Lap Lambert Academic Pub
Published: Feb 23 2012
Pages: 216
Weight: 0.71
Height: 0.49 Width: 6.00 Depth: 9.00
Language: English
The international financial crisis naturally prompts the question of whether Islamic banks are robust and resilient or may be swept into crisis by a global wave and if so through what channels. This book considers channels through which the world financial crisis would affect Islamic banks, their features that may help contain it and those that may foster post crisis recovery in a dual banking system. The relative financial strength of Islamic and conventional banks is assessed empirically based on evidence covering individual banks in 16 banking systems. The z-score has become a popular measure of bank soundness (Boyd and Runkle, 1993; Maechler, Mitra, and Worrell, 2005; Beck and Laeven, 2006; Laeven and Levine, 2006; Hesse and Čihák, 2007, 2008; Mercieca, Laeven and Levine, 2009; Beck; Demirgüç-Kunt and Merrouche, 2010). With a robust and quantile estimation model, the empirical analysis explores causes of insolvency risk in Middle East and North Africa (MENA) and Southeast Asian countries, by controlling for various factors, bank-by-bank data, macroeconomic and other system-wide indicators. Our sample covers 467 conventional banks and 90 Islamic banks for the period 2000-2008.

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