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Financial soundness of single versus dual banking system : explaining the role of Islamic banks
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Resumo(s)
This paper empirically investigates the financial stability of the countries having both
Islamic and conventional banks versus the countries having only conventional banks. It
also examines the ability of Islamic banks to provide stability to the overall financial
system. The analysis is carried out for a sample of 416 banks drawn from 39 countries
over the period 1995–2014. The results provide sound evidence that the dual banking
system is more stable than the single banking system. Higher stability is attributed to
the presence of Islamic banks in the dual banking system. Furthermore, when only the
dual banking system is investigated, the results strongly confirm the greater stability of
Islamic banks as compared to their conventional counterparts. Although Islamic banks
are mimicking conventional banking practices, their increased interactions with the real
economy, investments in real assets, non-aggressive lending profile, and limited exposures to speculative activities make them more resilient and protected.
Descrição
Palavras-chave
Financial stability Islamic banks Conventional banks Dual banking system Differential impact System GMM
Contexto Educativo
Citação
Nosheen e Abdul Rashid (2021). "Financial soundness of single versus dual banking system : explaining the role of Islamic banks". Portuguese Economic Journal, 20(1):99-127
Editora
Springer