Benefit: Jurnal Manajemen dan Bisnis
Benefit : Kumpulan Makalah Diskusi Dosen FE UMS Volume 10 No 2 Desember 2006

HUBUNGAN KADAR OVERNIGHT MONEY ANTARA BANK KONVENSIONAL DENGAN BANK ISLAM: BUKTI EMPIRIKAL DI MALAYSIA

Karim, Zulkefly Abdul (Unknown)
Asri, Norain Mod (Unknown)
Wajdi, M. Farid (Unknown)
Antoni, Antoni (Unknown)

Article Info

Publish Date
12 Dec 2007

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.

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Journal Info
Benefit: Jurnal Manajemen dan Bisnis
Website

Abbrev

benefit

Publisher

Universitas Muhammadiyah Surakarta

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Benefit: Jurnal Manajemen dan Bisnis is a peer-reviewed journal published by Department of Management, Faculty of Economics and Business, Universitas Muhammadiyah Surakarta, covering a variety of topics in economics, management, business and ...