Article Per Year (5 Year)
p-Index From 2019 - 2024
0.23
P-Index
This Author published in this journals
All Journal Gadjah Mada International Journal of Business Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Benefit: Jurnal Manajemen dan Bisnis Economic and Finance in Indonesia
Zulkefly Abdul Karim
Faculty of Economics and Management Universiti Kebangsaan Malaysia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education

Published : 7 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 7 Documents
Search

 1 
The Bank Lending Channel of Monetary Policy? The Panel Evidence from Egypt Shokr, Mohamed Aseel; Karim, Zulkefly Abdul; Jusoh, Mansor; Zaidi, Mohd. Azlan Shah Shah
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (227.048 KB)

Abstract

This paper examines the relevance of the bank lending channel of monetary policy in Egypt using bank-level data. Previous empirical studies in Egypt that used macro-level data have not supported the relevance of the bank lending channel. However, using a sample of 32 commercial banks for the period from 1998 until 2011 and a dynamic panel GMM technique, the empirical findings revealed the relevance of the bank lending channel of monetary policy in Egypt. Moreover, there is a heterogeneity effect of monetary policy on bank loans according to bank size, in which the small banks are more affected during a monetary contraction than larger banks. This finding signals that the monetary authorities in Egypt should take cognizance of the stability of interest rates in order to stabilize the bank loan supply.       
Interest Rates Targeting of Monetary Policy: An Open Economy SVAR Study of Malaysia Karim, Zulkefly Abdul; Karim, Bakri Abdul
Gadjah Mada International Journal of Business Vol 16, No 1 (2014): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1208.837 KB)

Abstract

This paper examines the implementation of monetary policy during the interest rates targeting in a small-open economy (i.e. Malaysia) by using an open-economy structural VAR (SVAR) study. It tests the effect of foreign shocks upon domestic macroeconomic fluctuations and monetary policy, and examines how effective monetary policy is in influencing macroeconomic variables. The results show that during interest rates targeting, monetary policy plays a significant role in affecting macroeconomics variables. This finding suggests that monetary policy has an important role as a stabilization policy in a small-open economy.     
HUBUNGAN KADAR OVERNIGHT MONEY ANTARA BANK KONVENSIONAL DENGAN BANK ISLAM: BUKTI EMPIRIKAL DI MALAYSIA Karim, Zulkefly Abdul; Asri, Norain Mod; Wajdi, M. Farid; Antoni, Antoni
Benefit Volume 10 No 2 Desember 2006
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The objective of this study is to examine the relationship between overnight money of Islamic bankand conventional bank based on daily data begins from 12th October 1998 until 10th June 2005.This study is important to determine whether overnight money of conventional bank or overnight moneyof Islamic bank, become the leader or follower in the interbank money market. The econometrics testssuch as unit root test, VAR model and Granger causality test have been applied. Result shows thatboth variables are stationary at level form or I(0). This implies that we don’t need to further analysiswith cointegration test. In this case, we appllied the traditional model of VAR and Granger causalitytest. Empirical findings indicates that the existence of bi-directional causality between overnight moneyof Islamic bank and conventional bank.
HUBUNGAN KADAR OVERNIGHT MONEY ANTARA BANK KONVENSIONAL DENGAN BANK ISLAM: BUKTI EMPIRIKAL DI MALAYSIA Karim, Zulkefly Abdul; Asri, Norain Mod; Wajdi, M. Farid; Antoni, Antoni
Benefit: Jurnal Manajemen dan Bisnis Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 10 No 2 Desember 2006
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/benefit.v10i2.1232

Abstract

The objective of this study is to examine the relationship between overnight money of Islamic bankand conventional bank based on daily data begins from 12th October 1998 until 10th June 2005.This study is important to determine whether overnight money of conventional bank or overnight moneyof Islamic bank, become the leader or follower in the interbank money market. The econometrics testssuch as unit root test, VAR model and Granger causality test have been applied. Result shows thatboth variables are stationary at level form or I(0). This implies that we don’t need to further analysiswith cointegration test. In this case, we appllied the traditional model of VAR and Granger causalitytest. Empirical findings indicates that the existence of bi-directional causality between overnight moneyof Islamic bank and conventional bank.
HUBUNGAN ANTARA INDEKS HARGA PENGGUNA (IHP) MENGIKUT WILAYAH DI MALAYSIA Karim, Zulkefly Abdul; Asri, Norain Mod; Wajdi, M. Farid; Antoni, Antoni
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 7, No 2 (2006) : JEP Desember 2006
Publisher : Universitas Muhammdaiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v7i2.3983

Abstract

Di Malaysia, isu serakan dalam perletakan harga boleh diteliti antara wilayah Malaysia Barat (Semenanjung Malaysia) dengan Malaysia Timur (Sabah dan Sarawak). Dari segi sejarah, kedua-dua wilayah tersebut memang terpisah dari segi politik dan ekonomi sehingga tertubuhnya Malaysia pada tahun 1963. Justeru, kajian ini bertujuan untuk memeriksa hubungan antara Indeks Harga Pengguna (IHP) di Semenanjung Malaysia dengan Sabah dan Sarawak. Di samping itu, kajian ini juga bertujuan untuk menentukan Indeks Harga Pengguna (IHP) di wilayah manakah yang menjadi peneraju atau pengikut. Jangka masa kajian bermula dari bulan Januari tahun 1970 hingga bulan Mac tahun 2005 yang melibatkan cerapan sebanyak 423 bulan. Kaedah ekonometrik siri masa telah diaplikasikan dalam kajian ini.Dapatan kajian menunjukkan kewujudan hubungan jangka panjang (kointegrasi) antara Indeks Harga Pengguna (IHP) mengikut wilayah di Malaysia. Dalam jangka panjang, didapati IHP di Malaysia Timur (Sabah dan Sarawak) merupakan indeks harga peneraju, manakala IHP di Semenanjung Malaysia adalah indeks harga pengikut. Walau bagaimanapun, dalam jangka pendek didapati kewujudan hubungan sebab-menyebab dua hala di kalangan IHP mengikut wilayah (kecuali bagi kes Sabah dan Sarawak). Keputusan ujian penguraian varians pula menjelaskan bahawa IHP di Semenanjung Malaysia memberikan pengaruh yang besar dalam menerangkan variasi perubahan terhadap IHP di Sabah dan Sarawak. Hasil kajian ini telah memberikan beberapa implikasi kepada dasar kawalan harga yangperlu dilakukan olehpihak kerajaan untuk mengawal kestabilan harga.
HUBUNGAN ANTARA HASIL DENGAN PERBELANJAAN KERAJAAN: BUKTI EMPIRIKAL KERAJAAN NEGERI DI SEMENANJUNG MALAYSIA Karim, Zulkefly Abdul; Antoni, Antoni; Mokhta, Aminudin; Asri, Norain Mod
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 7, No 1 (2006) : JEP Juni 2006
Publisher : Universitas Muhammdaiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v7i1.3990

Abstract

Kajian ini bertujuan untuk memeriksa hubungan antara pemboleh ubah fiskal iaitu perbelanjaan dan hasil dengan menggunakan data di peringkat kerajaan negeri di Semenanjung Malaysia. Kaedah ekonometrik siri masa diaplikasikan dalam kajian ini yang terdiri daripada ujian kointegrasi Johansen dan ujian sebab-menyebab Granger untuk menentukan arah hubungan kedua-dua pemboleh ubah fiskal tersebut. Dapatan kajian menunjukkan keputusan yang tidak selaras, yang mana sebilangan besar negeri menepati hipotesis hasil-belanja atau revenue-spend hypothesis (misalnya negeri Kedah, Melaka, Pahang, Perak, dan Terengganu), manakala hipotesis belanja-hasil atau spend-revenue hypothesis hanya wujud di negeri Perlis sahaja, dan tiada hubungan antara hasil dengan belanja di negeri Johor, Kelantan dan Pulau Pinang yang menunjukkan bahawa kedua-dua pemboleh ubah fiskal adalah bersifat nuetral. Hipotesis hubungan sebab-menyebab dua hala (the fiscal synchronization hypothesis) hanya berlaku bagi kes negeri Selangor dan Negeri Sembilan sahaja. Penemuan kajian ini telah memberikan beberapa implikasi penting kepada strategi belanjawan kerajaan negeri tersebut.
Corruption and Foreign Direct Investment (FDI) in ASEAN-5: A Panel Evidence Abdul Karim, Bakri, Mr; Karim, Zulkefly Abdul
Economics and Finance in Indonesia Vol. 64, No. 2
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This paper examines the effects of corruption on the inflow of FDI in ASEAN-5 countries by controlling twomacroeconomic variables namely Gross Domestic Product (GDP) and inflation. Using a static panel dataestimation, the results show the significant relationship between corruption and Gross Domestic Product(GDP) on the inflow of FDI in ASEAN-5. This results indicate that less corrupted countries and largermarket size would attract more FDI inflows. The policy implications from this study suggests that ASEAN-5 governments need to have concerted and continues efforts in improving the integrity and credibility of theiradministration and transactions. In addition, maintaining their sustainable of economic growth is also crucial as a full factor in attracting more FDI inflows in future.
Co-Authors Abdul Karim, Bakri, Mr Antoni Antoni Bakri Abdul Karim M. Farid Wajdi, M. Farid Mansor Jusoh Mohamed Aseel Shokr Mohd. Azlan Shah Shah Zaidi Mokhta, Aminudin Norain Mod Asri, Norain Mod