ANALYSIS OF THE TRANSMISSION ASYMMETRY OF MONETARY POLICY IN A DUAL BANKING SYSTEM: ECONOMETRIC MODELLING (CASE OF TURKEY)

DOI: https://doi.org/10.13135/2421-2172/4227
Keywords: Monetary Policy, Transmission Asymmetry, Islamic Bank, Conventional Bank, Central Bank.

Abstract

The purpose of this research is to analyze the transmission mechanism of monetary policy in a dual banking system, composed of both Islamic banks and Conventional banks, highlighting the factors that may influence behavior of Banks on the impact of monetary stimuli on their rates. In this context, an econometric model that examines the effectiveness of transmission of monetary policy in a dual banking system by advocating the hypothesis of asymmetric transmission of monetary policy was developed and tested. To answer the research problem, the adopted methodology is based on the Vectoriel Autoregressive (VAR) model, which is not only explanatory but also predictive.

The different results obtained through the empirical investigation carried out are discussed by exposing their methodological and theoretical implications.

Author Biographies

Maha Radwan, University of Turin

Department of Management, University of Turin

SALMA DRISSI, ENCG Agadir, University Ibn Zohr (Morocco)

Laboratory of Research in Performance Management of Public, Private Organizations and Social Economy, University Ibn Zohr, Morocco

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Published
2020-03-16
How to Cite
Radwan, M., & DRISSI, S. (2020). ANALYSIS OF THE TRANSMISSION ASYMMETRY OF MONETARY POLICY IN A DUAL BANKING SYSTEM: ECONOMETRIC MODELLING (CASE OF TURKEY). European Journal of Islamic Finance. https://doi.org/10.13135/2421-2172/4227
Issue
First Special Issue for EJIF Workshop
Section
Articoli

Copyright (c) 2020 SALMA DRISSI, Maha RADWAN

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