Dynamics of Islamic Financing in Malaysia: Causality and Innovation Accounting

@inproceedings{Ibrahim2011DynamicsOI,
  title={Dynamics of Islamic Financing in Malaysia: Causality and Innovation Accounting},
  author={Mansor H. Ibrahim and Raditya Sukmana},
  year={2011}
}
  • Mansor H. Ibrahim, Raditya Sukmana
  • Published 2011
  • Economics
  • The article evaluates dynamic interactions between Islamic financing and macroeconomic and financial variables for Malaysia using the Toda-Yamamoto (1995) causality test and innovation accounting approach. The results suggest strong causal influences of interest rate on Islamic financing but insignificant causal relations from real stock prices or real production to Islamic financing. Thus, while the results suggest that Islamic financing in Malaysia is resilient to boom/bust cycles of the… CONTINUE READING

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