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Are Non-Conventional Banks More Resilient than Conventional Ones to Financial Crisis?

Listed author(s):
  • Amine Amar

    (LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - UN - Université de Nantes)

  • Ikrame Ben Slimane

    (ESSCA - Ecole Supérieure des Sciences Commerciales d'Angers - ESSCA)

  • Makram Bellalah

    (CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Economiques d'Amiens - UPJV - Université de Picardie Jules Verne)

This paper presents empirical evidence of the impact of the recent global financial crises on Islamic and conventional banks in three GCC countries. Our assumptions are discussed within the framework of Khan (1976), Khan and Mirakhor (2005) and Chapra (2008). A diagonal BEKK model is used to examine the impact of the global crisis on conditional beta of the selected banks. Results show that Islamic and conventional banks have been largely affected by the global crisis, except for few banks. They reveal also that small banks have been less affected than larger banks. These results are in line with the other studies which have found that Islamic banks are not more resilient than conventional ones.

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Paper provided by HAL in its series Working Papers with number hal-01455752.

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Date of creation: 03 Feb 2017
Handle: RePEc:hal:wpaper:hal-01455752
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  1. Tomáš Adam & Sona Benecká & Ivo Jánský, 2012. "Time-varying Betas of the Banking Sector," Working Papers IES 2012/23, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Jul 2012.
  2. Altunbas, Yener & Marqués-Ibáñez, David & Manganelli, Simone, 2011. "Bank risk during the financial crisis: do business models matter?," Working Paper Series 1394, European Central Bank.
  3. Kyle Jurado & Sydney C. Ludvigson & Serena Ng, 2015. "Measuring Uncertainty," American Economic Review, American Economic Association, vol. 105(3), pages 1177-1216, March.
  4. Jing Yang & Kostas Tsatsaronis, 2012. "Bank stock returns, leverage and the business cycle," BIS Quarterly Review, Bank for International Settlements, March.
  5. Eichengreen, Barry & Mody, Ashoka & Nedeljkovic, Milan & Sarno, Lucio, 2012. "How the Subprime Crisis went global: Evidence from bank credit default swap spreads," Journal of International Money and Finance, Elsevier, vol. 31(5), pages 1299-1318.
  6. Helene Poirson Ward & Jochen M. Schmittmann, 2013. "Risk Exposures and Financial Spillovers in Tranquil and Crisis Times; Bank-Level Evidence," IMF Working Papers 13/142, International Monetary Fund.
  7. Tomas Adam & Sona Benecka & Ivo Jansky, 2012. "Time-Varying Betas of Banking Sectors," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 62(6), pages 485-504, December.
  8. Bollerslev, Tim, 1986. "Generalized autoregressive conditional heteroskedasticity," Journal of Econometrics, Elsevier, vol. 31(3), pages 307-327, April.
  9. Mahmood Yousefi & Sohrab Abizadeh & Ken McCormick, 1997. "Monetary stability and interest-free banking: the case of Iran," Applied Economics, Taylor & Francis Journals, vol. 29(7), pages 869-876.
  10. Timur Kuran, 1995. "Islamic Economics and the Islamic Subeconomy," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 155-173, Fall.
  11. Jemma Dridi & Maher Hasan, 2010. "The Effects of the Global Crisison Islamic and Conventional Banks; A Comparative Study," IMF Working Papers 10/201, International Monetary Fund.
  12. Feryel OUERGHI, 2014. "Are Islamic Banks More Resilient To Global Financial Crisis Than Conventional Banks?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(7), pages 941-955, July.
  13. Kuran, T., 1995. "Islamic Economics and the Islamic Subeconomy," Papers 9505, Southern California - Department of Economics.
  14. Engle, Robert F, 1982. "Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation," Econometrica, Econometric Society, vol. 50(4), pages 987-1007, July.
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