Liquidity creation performance and financial stability consequences of Islamic banking: Evidence from a multinational study

被引：68

作者：

Berger, Allen N. ^{[1
]}

Boubakri, Narjess ^{[2
]}

Guedhami, Omrane ^{[1
]}

Li, Xinming ^{[3
]}

机构：

[1] Univ South Carolina, Darla Moore Sch Business, 1014 Greene St, Columbia, SC 29208 USA

[2] Amer Univ Sharjah, Sch Business & Management, SBA 2140, Sharjah 26666, U Arab Emirates

[3] Nankai Univ, Sch Finance, 38 Tongyan Rd, Tianjin 300350, Peoples R China

来源：

JOURNAL OF FINANCIAL STABILITY | 2019年 / 44卷

关键词：

Islamic banks; Bank liquidity creation; Financial stability; CONVENTIONAL BANKS; DEPOSIT INSURANCE; GLOBAL CRISIS; RISK; COMPETITION; DETERMINANTS; GOVERNANCE; EFFICIENCY; DISCRETION; PROVISION;

D O I：

10.1016/j.jfs.2019.100692

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Despite the growth of Islamic banks (IBs), little is known about their liquidity creation performance and financial stability consequences relative to conventional banks (CBs). We address these issues using data from 24 countries over 2000-2014. We find IBs create more liquidity per unit of assets than CBs, primarily on the asset side of the balance sheet. Results are economically significant, econometrically robust, hold in high- and low-income countries, and during the Global Financial Crisis and other times. In addition, CB liquidity creation results in reduced national financial stability, particularly in high-income countries, whereas IB liquidity creation does not. (C) 2019 Elsevier B.V. All rights reserved.

引用

页数：18

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