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Are Islamic and conventional money markets highly correlated? MGARCH-DCC and wavelet approaches

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Date
2017
Authors
SDG:
Abstract
With the development of Islamic banking and finance in most Muslim countries, money market became necessary for financial institution to solve the liquidity problems. However, there is much criticism of Islamic banks and financial products for their pegging to the interest rate. Islamic money market is based on the same PLS principle with other Islamic financial products, if such products are pegged to their rate of interest, then they are not PLS. More correctly, they are based on well-and sometimes not so well-hidden conventional or interest-based contracts ...
Keywords
MGARCH , Wavelet , PLS , Islamic money market , Mudarabah , LIBOR , Project paper (MSc)
Citation
Bai, C. (2017). Are Islamic and conventional money markets highly correlated? MGARCH-DCC and wavelet approaches (Master dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/2744
Publisher
INCEIF

Available in physical copy (Call number: t HG 221 B152) and PDF format. Kindly email to kmc@inceif.org to access the item

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