Central bank policy under significant balance-of-payment shocks and structural shifts

Sinyakov, Andrey; Yudaeva, Ksenia

doi:10.1016/j.ruje.2016.09.001

Cited by 6 publications

(4 citation statements)

References 5 publications

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“…The price per share of a company's stock will be impacted as a result of this. The cost of imported raw materials or items that are related to imported products will rise in price whenever there is a depreciation in the value of the currency exchange rate (Rana & Akhter, 2015;Sinyakov & Yudaeva, 2016). Because of this incidence, production costs have increased while corporate earnings have decrea sed, which means that the total amount of dividends that can be issued and the yield that can be offered have both decreased.…”

Section: Resultsmentioning

confidence: 99%

Currency Fluctuations and Islamic Stock Indices in Emerging Markets

Mubarok

2023

JURISMA

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This research aims to explain why Islamic stock indexes tend to track the currency exchange rates of emerging countries. Granger causality is used in this analysis, and it is applied to daily data beginning with the day the index was first formed for each country. The Islamic stock indices of Malaysia, Indonesia, and India were employed as a research sample in this study. According to the findings of the research, there is only a correlation in one direction between the Islamic stock index and the currency exchange rate. Both the Islamic stock indexes in Malaysia and India have an effect on the currency exchange rate in that nation, whereas the currency exchange rate in India affects the Islamic stock index. This finding is helpful as a source of data in determining policies for the development of the Islamic financial system because it was discovered that. Keywords: Islamic Stock; Granger Causality; Exchange Rates; Developing Country

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Section: Resultsmentioning

confidence: 99%

Currency Fluctuations and Islamic Stock Indices in Emerging Markets

Mubarok

2023

JURISMA

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“…The exchange rate is one of the essential variables of a country that adopts an open economic system (Sinyakov & Yudaeva, 2016). The exchange rate will experience changes in value and is relatively unstable due to supply and demand changes from time to time (Yin & Ma, 2018).…”

Section: Exchange Ratementioning

confidence: 99%

Acceleration of Islamic Bank Financing in Indonesian Agriculture Sector

Mubarok

2021

Shirkah

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Economic instability is a challenge for Islamic banks in channeling financing to various sectors including agriculture. This study aims to shed some light on the influence of economic indicators and the financing response to agriculture sector using monthly data from 2006 to 2020, including data from agriculture sector financing, interest rates, inflation, exchange rates, Islamic stock index, and composite stock index. This study employed Vector Error Correction Model (VECM) method. The results revealed that only interest rates and inflation affected Islamic bank financing in the short and long term period. Islamic bank financing in the agriculture sector reached the fastest stability when responding to exchange rate shocks. The results further showed that interest rates mostly influenced the level of diversity in Islamic bank financing in the agriculture sector. The results suggest that stakeholders need to play a crucial role in stabilizing economic turmoil to accelerate Islamic bank financing particularly in agriculture sector.

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“…In addition, an increasing number of empirical data highlights the significance of diverse economic factors in shaping fundamental macroeconomic indicators, including inflation rates and economic growth (Sinyakov & Yudaeva, 2016;Tan, 2016). The efficacy of policy characteristics exhibits disparities across periods of economic expansion and recession (Coibion et al, 2020;Us, 2017).…”

Section: Introductionmentioning

confidence: 99%

Safeguarding Stability and Enhancing Profitability: The Case of Islamic Banking in Indonesia

Mubarok,

Wibowo,

Latif

2024

IJIEF

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This study examines the impact of crises, non-performing financing variables, exchange rates, inflation, and interest rates on Islamic banks' short-term and long-term profitability in Indonesia. Profitability (ROA) fluctuations are also assessed in consideration of exogenous shocks. This analysis uses the Vector Error Correction Model (VECM) to examine monthly data from 2007 to 2023. The results suggest that non-performing financing (NPF), exchange rates (BIRT), and inflation (IFLS) have a substantial impact on the long term. While the crisis variable exhibits a relatively less substantial influence, interest rates reveal distinct short-term and long-term impacts. The Impulse Response Function data indicate that NPF, KURS, and IFLS have a negligible effect on ROA. NPF primarily influences ROA variation, as determined by the Forecast Error Variance Decomposition; KURS follows suit. Islamic Banks' management must diligently oversee non-performing loans, exchange rates, and inflation and astutely devise interest rate strategies. The factors impacting the profitability of Islamic banks in Indonesia are thoroughly examined in this study.

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Central bank policy under significant balance-of-payment shocks and structural shifts

Cited by 6 publications

References 5 publications

Currency Fluctuations and Islamic Stock Indices in Emerging Markets

Currency Fluctuations and Islamic Stock Indices in Emerging Markets

Acceleration of Islamic Bank Financing in Indonesian Agriculture Sector

Safeguarding Stability and Enhancing Profitability: The Case of Islamic Banking in Indonesia

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