Are Islamic Banks More Resilient during Financial Panics?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Baele, Lieven & Farooq, Moazzam & Ongena, Steven, 2014.
"Of religion and redemption: Evidence from default on Islamic loans,"
Journal of Banking & Finance, Elsevier, vol. 44(C), pages 141-159.
- Ongena, Steven & Baele, Lieven & Farooq, Moazzam, 2011. "Of Religion and Redemption: Evidence from Default on Islamic Loans," CEPR Discussion Papers 8504, C.E.P.R. Discussion Papers.
- Baele, L.T.M. & Farooq, Moazzam & Ongena, S.R.G., 2014. "Of religion and redemption : Evidence from default on Islamic loans," Other publications TiSEM b5dfdcea-ddd7-425f-8618-8, Tilburg University, School of Economics and Management.
- Mr. Luca Errico & Ms. Mitra Farahbaksh, 1998. "Islamic Banking: Issues in Prudential Regulations and Supervision," IMF Working Papers 1998/030, International Monetary Fund.
- Douglas W. Diamond & Philip H. Dybvig, 2000.
"Bank runs, deposit insurance, and liquidity,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 24(Win), pages 14-23.
- Diamond, Douglas W & Dybvig, Philip H, 1983. "Bank Runs, Deposit Insurance, and Liquidity," Journal of Political Economy, University of Chicago Press, vol. 91(3), pages 401-419, June.
- Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2012.
"Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 102(5), pages 2301-2326.
- Gabriel Jimenez & Steven Ongena & Jose-Luis Peydro & Jesus Saurina, 2012. "Credit Supply and Monetary Policy: Identifying the Bank Balance-Sheet Channel with Loan Applications," American Economic Review, American Economic Association, vol. 102(5), pages 2301-2326, August.
- Gabriel Jimenez & Steven Ongena & José-Luis Peydró & Jesús Saurina, 2010. "Credit supply and monetary policy: Identifying the bank balance-sheet channel with loan applications," Economics Working Papers 1706, Department of Economics and Business, Universitat Pompeu Fabra, revised Sep 2011.
- Zhiguo He & Asaf Manela, 2016.
"Information Acquisition in Rumor‐Based Bank Runs,"
Journal of Finance, American Finance Association, vol. 71(3), pages 1113-1158, June.
- Asaf Manela & Zhiguo He, 2012. "Information Acquisition in Rumor-Based Bank Runs," 2012 Meeting Papers 170, Society for Economic Dynamics.
- Zhiguo He & Asaf Manela, 2012. "Information Acquisition in Rumor Based Bank Runs," NBER Working Papers 18513, National Bureau of Economic Research, Inc.
- Mohieldin, Mahmoud, 2012.
"Realizing the Potential of Islamic Finance,"
World Bank - Economic Premise, The World Bank, issue 77, pages 1-7, March.
- Mahmoud Mohieldin, 2012. "Realising the Potential of Islamic Finance," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 13(3), pages 127-142, July.
- Mahmoud Mohieldin, 2012. "Realizing the Potential of Islamic Finance," World Bank Publications - Reports 10051, The World Bank Group.
- Asim Ijaz Khwaja & Atif Mian, 2008.
"Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market,"
American Economic Review, American Economic Association, vol. 98(4), pages 1413-1442, September.
- Atif Mian & Asim Ijaz Khwaja, 2006. "Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market," NBER Working Papers 12612, National Bureau of Economic Research, Inc.
- Asli Demirguk-Kunt & Thorsten Beck & Ouarda Merrouche, 2013. "Islamic Banking versus Conventional Banking: Business model, Efficiency, and Stability," Post-Print hal-01638080, HAL.
- Linda S. Goldberg & Craig Kennedy & Jason Miu, 2011.
"Central bank dollar swap lines and overseas dollar funding costs,"
Economic Policy Review, Federal Reserve Bank of New York, vol. 17(May), pages 3-20.
- Linda S. Goldberg & Craig Kennedy & Jason Miu, 2010. "Central bank dollar swap lines and overseas dollar funding costs," Staff Reports 429, Federal Reserve Bank of New York.
- Linda S. Goldberg & Craig Kennedy & Jason Miu, 2010. "Central Bank Dollar Swap Lines and Overseas Dollar Funding Costs," NBER Working Papers 15763, National Bureau of Economic Research, Inc.
- Gabriel Jiménez & Steven Ongena & José‐Luis Peydró & Jesús Saurina, 2014.
"Hazardous Times for Monetary Policy: What Do Twenty‐Three Million Bank Loans Say About the Effects of Monetary Policy on Credit Risk‐Taking?,"
Econometrica, Econometric Society, vol. 82(2), pages 463-505, March.
- Jiménez, Gabriel & Ongena, Steven & Peydró, José-Luis & Saurina, Jesús, 2014. "Hazardous times for monetary policy: what do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 82(2), pages 463-505.
- Gabriel Jiménez & Steven Ongena & José Luis Peydró & Jesús Saurina, 2009. "Hazardous times for monetary policy: What do twenty-three million bank loans say about the effects of monetary policy on credit risk-taking?," Working Papers 0833, Banco de España.
- Mr. Tümer Kapan & Ms. Camelia Minoiu, 2013.
"Balance Sheet Strength and Bank Lending During the Global Financial Crisis,"
IMF Working Papers
2013/102, International Monetary Fund.
- Kapan, Tümer & Minoiu, Camelia, 2013. "Balance sheet strength and bank lending during the global financial crisis," Discussion Papers 33/2013, Deutsche Bundesbank.
- Ivashina, Victoria & Scharfstein, David, 2010. "Bank lending during the financial crisis of 2008," Journal of Financial Economics, Elsevier, vol. 97(3), pages 319-338, September.
- Mr. Martin Cihak & Mr. Heiko Hesse, 2007. "Cooperative Banks and Financial Stability," IMF Working Papers 2007/002, International Monetary Fund.
- Beck, Thorsten & Demirgüç-Kunt, Asli & Merrouche, Ouarda, 2013.
"Islamic vs. conventional banking: Business model, efficiency and stability,"
Journal of Banking & Finance, Elsevier, vol. 37(2), pages 433-447.
- Beck, Thorsten & Demirguc-Kunt, Asli & Merrouche, Ouarda, 2010. "Islamic vs. conventional banking : business model, efficiency and stability," Policy Research Working Paper Series 5446, The World Bank.
- Giannetti, Mariassunta & Laeven, Luc, 2012.
"The flight home effect: Evidence from the syndicated loan market during financial crises,"
Journal of Financial Economics, Elsevier, vol. 104(1), pages 23-43.
- Giannetti, Mariassunta & Laeven, Luc, 2011. "The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises," CEPR Discussion Papers 8337, C.E.P.R. Discussion Papers.
- Martin Čihák & Heiko Hesse, 2010.
"Islamic Banks and Financial Stability: An Empirical Analysis,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 38(2), pages 95-113, December.
- Mr. Martin Cihak & Mr. Heiko Hesse, 2008. "Islamic Banks and Financial Stability: An Empirical Analysis," IMF Working Papers 2008/016, International Monetary Fund.
- Munawar Iqbal & David T. Llewellyn (ed.), 2002. "Islamic Banking and Finance," Books, Edward Elgar Publishing, number 2499.
- Ralph De Haas & Neeltje Van Horen, 2013. "Running for the Exit? International Bank Lending During a Financial Crisis," The Review of Financial Studies, Society for Financial Studies, vol. 26(1), pages 244-285.
- Khan, Tariqullah & Ahmed, Habib, 2001.
"Risk Management: An Analysis of Issues in Islamic Financial Industry (Occasional Paper),"
Occasional Papers
2001, The Islamic Research and Teaching Institute (IRTI).
- Khan, Tariqullah & Ahmed, Habib, 2001. "Risk Management: An Analysis of Issues in Islamic Financial Industry (Occasional Papers)," Occasional Papers 91, The Islamic Research and Teaching Institute (IRTI).
- Simon Archer & Rifaat Abdel Karim & Talla Al-Deehani, 1998. "Financial Contracting, Governance Structures and the Accounting Regulation of Islamic Banks: An Analysis in Terms of Agency Theory and Transaction Cost Economics," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 2(2), pages 149-170, June.
- Allen, Franklin & Hryckiewicz, Aneta & Kowalewski, Oskar & Tumer-Alkan, Gunseli, 2010. "Transmission of Bank Liquidity Shocks in Loan and Deposit Markets: The Role of Interbank Borrowing and Market Monitoring," Working Papers 10-28, University of Pennsylvania, Wharton School, Weiss Center.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Moazzam Farooq & Sajjad Zaheer, 2015. "Are Islamic Banks More Resilient During Financial Panics?," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 101-124, February.
- Pejman Abedifar & Shahid M. Ebrahim & Philip Molyneux & Amine Tarazi, 2015.
"Islamic Banking And Finance: Recent Empirical Literature And Directions For Future Research,"
Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 637-670, September.
- Pejman Abedifar & Shahid Ebrahim & Philip Molyneux & Amine Tarazi, 2014. "Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research," Working Papers hal-01073185, HAL.
- Pejman Abedifar & Shahid Ebrahim & Philip Molyneux & Amine Tarazi, 2015. "Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research," Post-Print hal-01144032, HAL.
- Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2018.
"SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK,"
Journal of Financial Stability, Elsevier, vol. 38(C), pages 53-70.
- Hans Degryse & Kent Matthews & Tianshu Zhao, 2015. "SMEs and Access to Bank Credit: Evidence on the Regional Propagation of the Financial Crisis in the UK," CESifo Working Paper Series 5424, CESifo.
- Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2015. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Cardiff Economics Working Papers E2015/5, Cardiff University, Cardiff Business School, Economics Section.
- Hans Degryse & Kent Matthews & Tianshu Zhao, 2015. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Working Papers Department of Accountancy, Finance and Insurance (AFI), Leuven 502954, KU Leuven, Faculty of Economics and Business (FEB), Department of Accountancy, Finance and Insurance (AFI), Leuven.
- Degryse, Hans & Matthews, Kent & Zhao, Tianshu, 2015. "SMEs and access to bank credit: Evidence on the regional propagation of the financial crisis in the UK," Cardiff Economics Working Papers E2015/10, Cardiff University, Cardiff Business School, Economics Section.
- Zins, Alexandra & Weill, Laurent, 2017. "Islamic banking and risk: The impact of Basel II," Economic Modelling, Elsevier, vol. 64(C), pages 626-637.
- Mollah, Sabur & Skully, Michael & Liljeblom, Eva, 2021.
"Strong Boards and Risk-taking in Islamic Banks,"
Review of Corporate Finance, now publishers, vol. 1(1-2), pages 135-180, April.
- Sabur Mollah & Michael Skully & Eva Liljeblom, 2018. "Strong Boards and Risk-taking in Islamic Banks," Working Papers 2018-08, Swansea University, School of Management.
- Safiullah, Md & Shamsuddin, Abul, 2018. "Risk in Islamic banking and corporate governance," Pacific-Basin Finance Journal, Elsevier, vol. 47(C), pages 129-149.
- Hassan, M. Kabir & Khan, Ashraf & Paltrinieri, Andrea, 2019. "Liquidity risk, credit risk and stability in Islamic and conventional banks," Research in International Business and Finance, Elsevier, vol. 48(C), pages 17-31.
- Kapan, Tümer & Minoiu, Camelia, 2013.
"Balance sheet strength and bank lending during the global financial crisis,"
Discussion Papers
33/2013, Deutsche Bundesbank.
- Mr. Tümer Kapan & Ms. Camelia Minoiu, 2013. "Balance Sheet Strength and Bank Lending During the Global Financial Crisis," IMF Working Papers 2013/102, International Monetary Fund.
- Nosheen & Abdul Rashid, 2021. "Financial soundness of single versus dual banking system: explaining the role of Islamic banks," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 20(1), pages 99-127, January.
- Ippolito, Filippo & Peydró, José-Luis & Polo, Andrea & Sette, Enrico, 2016.
"Double bank runs and liquidity risk management,"
Journal of Financial Economics, Elsevier, vol. 122(1), pages 135-154.
- Filippo Ippolito & José-Luis Peydró & Andrea Polo & Enrico Sette, 2015. "Double Bank Runs and Liquidity Risk Management," Working Papers 855, Barcelona School of Economics.
- Ippolito, Filippo & Peydró, José-Luis & Polo, Andrea & Sette, Enrico, 2016. "Double bank runs and liquidity risk management," ESRB Working Paper Series 8, European Systemic Risk Board.
- Peydró, José-Luis & Sette, Enrico & Polo, Andrea & Ippolito, Filippo, 2015. "Double Bank Runs and Liquidity Risk Management," CEPR Discussion Papers 10948, C.E.P.R. Discussion Papers.
- Filippo Ippolito & José-Luis Peydró & Andrea Polo & Enrico Sette, 2015. "Double bank runs and liquidity risk management," Economics Working Papers 1497, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2016.
- Baele, Lieven & Farooq, Moazzam & Ongena, Steven, 2014.
"Of religion and redemption: Evidence from default on Islamic loans,"
Journal of Banking & Finance, Elsevier, vol. 44(C), pages 141-159.
- Ongena, Steven & Baele, Lieven & Farooq, Moazzam, 2011. "Of Religion and Redemption: Evidence from Default on Islamic Loans," CEPR Discussion Papers 8504, C.E.P.R. Discussion Papers.
- Baele, L.T.M. & Farooq, Moazzam & Ongena, S.R.G., 2014. "Of religion and redemption : Evidence from default on Islamic loans," Other publications TiSEM b5dfdcea-ddd7-425f-8618-8, Tilburg University, School of Economics and Management.
- Smaoui, Houcem & Mimouni, Karim & Miniaoui, Héla & Temimi, Akram, 2020. "Funding liquidity risk and banks' risk-taking: Evidence from Islamic and conventional banks," Pacific-Basin Finance Journal, Elsevier, vol. 64(C).
- Laeven, Luc & Popov, Alexander, 2023.
"Carbon taxes and the geography of fossil lending,"
Journal of International Economics, Elsevier, vol. 144(C).
- Laeven, Luc & Popov, Alexander, 2021. "Carbon Taxes and the Geography of Fossil Lending," CEPR Discussion Papers 16745, C.E.P.R. Discussion Papers.
- Laeven, Luc & Popov, Alexander, 2022. "Carbon taxes and the geography of fossil lending," Working Paper Series 2762, European Central Bank.
- Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & Tous, Francesc R., 2016.
"Securities trading by banks and credit supply: Micro-evidence from the crisis,"
Journal of Financial Economics, Elsevier, vol. 121(3), pages 569-594.
- Puriya Abbassi & Rajkamal Iyer & José-Luis Peydró & Francesc R. Tous, 2015. "Securities trading by banks and credit supply: Micro-evidence from the crisis," Economics Working Papers 1654, Department of Economics and Business, Universitat Pompeu Fabra, revised Jun 2016.
- Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & Tous, Francesc R., 2016. "Securities trading by banks and credit supply: Micro-evidence from the crisis," ESRB Working Paper Series 5, European Systemic Risk Board.
- Abbassi, Puriya & Iyer, Rajkamal & Peydró, José-Luis & R.-Tous, Francesc, 2016. "Securities trading by banks and credit supply: Micro-evidence from the crisis," EconStor Preprints 216791, ZBW - Leibniz Information Centre for Economics.
- Dwenger, Nadja & Fossen, Frank & Simmler, Martin, 2015.
"From financial to real economic crisis. Evidence from individual firm-bank relationships in Germany,"
VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy
113000, Verein für Socialpolitik / German Economic Association.
- Dwenger, Nadja & Fossen, Frank M. & Simmler, Martin, 2015. "From financial to real economic crisis: Evidence from individual firm-bank relationships in Germany," Discussion Papers 2015/28, Free University Berlin, School of Business & Economics.
- Nadja Dwenger & Frank M. Fossen & Martin Simmler, 2015. "From Financial to Real Economic Crisis: Evidence from Individual Firm-Bank Relationships in Germany," Discussion Papers of DIW Berlin 1510, DIW Berlin, German Institute for Economic Research.
- Morais, Bernardo & Peydró, José-Luis & Roldán Peña, Jessica & Ruiz Ortega, Claudia, 2019.
"The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects,"
EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 74(1), pages 55-90.
- Bernardo Morais & José‐Luis Peydró & Jessica Roldán‐Peña & Claudia Ruiz‐Ortega, 2019. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach‐for‐Yield, and Real Effects," Journal of Finance, American Finance Association, vol. 74(1), pages 55-90, February.
- Bernardo Morais & José-Luis Peydró & Jessica Roldán-Peña & Claudia Ruiz-Ortega, 2015. "The international bank lending channel of monetary policy rates and QE: Credit supply, reach-for-yield, and real effects," Economics Working Papers 1656, Department of Economics and Business, Universitat Pompeu Fabra.
- Morais, Bernardo & Peydró, José-Luis & Roldán-Peña, Jessica & Ruiz-Ortega, Claudia, 2019. "The international bank lending channel of monetary policy rates and QE: Credit supply, reach-for-yield, and real effects," EconStor Preprints 216785, ZBW - Leibniz Information Centre for Economics.
- Bernardo Morais & José-Luis Peydró & Jessica Roldán-Peña & Claudia Ruiz-Ortega, 2018. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," Working Papers 1102, Barcelona School of Economics.
- Ruiz Claudia & Roldán-Peña Jessica & Peydró José-Luis & Morais Bernardo, 2017. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," Working Papers 2017-15, Banco de México.
- Bernardo Morais & José-Luis Peydró & Claudia Ruiz-Ortega, 2015. "The International Bank Lending Channel of Monetary Policy Rates and QE: Credit Supply, Reach-for-Yield, and Real Effects," International Finance Discussion Papers 1137, Board of Governors of the Federal Reserve System (U.S.).
- Elliott, David & Meisenzahl, Ralf R. & Peydró, José-Luis, 2024.
"Nonbank lenders as global shock absorbers: Evidence from US monetary policy spillovers,"
Journal of International Economics, Elsevier, vol. 149(C).
- David Elliott & Ralf R. Meisenzahl & José-Luis Peydró, 2023. "Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers," NBER Chapters, in: NBER International Seminar on Macroeconomics 2023, National Bureau of Economic Research, Inc.
- Elliott, David & Meisenzah, Ralf R & Peydró, José-Luis, 2023. "Nonbank lenders as global shock absorbers: evidence from US monetary policy spillovers," Bank of England working papers 1012, Bank of England.
- David Elliott & Ralf R. Meisenzahl & José-Luis Peydró, 2023. "Nonbank Lenders as Global Shock Absorbers: Evidence from US Monetary Policy Spillovers," Working Paper Series WP 2023-29, Federal Reserve Bank of Chicago.
- Yomna Daoud & Aida Kammoun, 2020. "Financial Stability and Bank Capital: The Case of Islamic Banks," International Journal of Economics and Financial Issues, Econjournals, vol. 10(5), pages 361-369.
- Saibal Ghosh, 2016. "Capital Buffer, Credit Risk and Liquidity Behaviour: Evidence for GCC Banks," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 58(4), pages 539-569, December.
- Pejman Abedifar & Philip Molyneux & Amine Tarazi, 2013.
"Risk in Islamic Banking,"
Review of Finance, European Finance Association, vol. 17(6), pages 2035-2096.
- Pejman Abedifar & Philip Molyneux & Amine Tarazi, 2012. "Risk in Islamic Banking," Working Papers hal-00915115, HAL.
- Pejman Abedifar & Philip Molyneux & Amine Tarazi, 2013. "Risk in Islamic Banking," Post-Print hal-00915652, HAL.
- Pejman Abedifar & Philip Molyneux & Amine Tarazi, 2013. "Risk in Islamic Banking," Post-Print hal-01098717, HAL.
More about this item
Keywords
WP; bank characteristic; liquidity shock; Islamic bank; bank health index; branch network; CAMEL-type bank fundamentals; discipline bank management; parent bank fragility; Financial panic; Liquidity crisis; Islamic Banking; Bank Run; Do bank fundamentals; AIslamic operations; Loans; Liquidity; Commercial banks; Global;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:2015/041. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.