The dependency of Islamic bank rates on conventional bank interest rates: further evidence from Turkey

@article{Sara2015TheDO,
  title={The dependency of Islamic bank rates on conventional bank interest rates: further evidence from Turkey},
  author={M. Saraç and Feyyaz Zeren},
  journal={Applied Economics},
  year={2015},
  volume={47},
  pages={669 - 679}
}
The nexus between Islamic banks’ returns on term deposits (participation accounts) and conventional banks’ (CBs) interest rates on term deposits is one of the controversies with regard to Islamic finance. The obvious correlation between two sides is considered a convergence of Islamic banking to the conventional mode and the breach of the ‘risk sharing’, the underlying principle of Islamic finance. The aim of this study is to econometrically investigate the long-term relationship between CBs… Expand
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