On the role of Islamic banks in the monetary policy transmission in Saudi Arabia

Amar, Amine Ben

doi:10.1007/s40822-022-00200-0

Cited by 4 publications

(1 citation statement)

References 67 publications

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“…The collection of studies highlights a diverse range of financial topics, from the pivotal role of Islamic banks in Saudi Arabia's monetary policy transmission and the innovative use of social impact Sukuk for migrants, to the nuanced examination of Bitcoin as a potential hedge and safe haven asset, the dynamic interplay of uncertainty across developed economies, and the significant impact of geopolitical conflicts on financial market connectedness [8][9][10][11][12]. Understanding connectedness among various asset classes is of paramount importance for risk management [13,14].…”

Section: Introductionmentioning

confidence: 99%

The dynamic volatility nexus of geo-political risks, stocks, bond, bitcoin, gold and oil during COVID-19 and Russian-Ukraine war

Shaik,

Rabbani,

Atif

et al. 2024

PLoS ONE

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We investigate the dynamic volatility connectedness of geopolitical risk, stocks, bonds, bitcoin, gold, and oil from January 2018 to April 2022 in this study. We look at connectivity during the Pre-COVID, COVID, and Russian-Ukraine war subsamples. During the COVID-19 and Russian-Ukraine war periods, we find that conventional, Islamic, and sustainable stock indices are net volatility transmitters, whereas gold, US bonds, GPR, oil, and bitcoin are net volatility receivers. During the Russian-Ukraine war, the commodity index (DJCI) shifted from being a net recipient of volatility to a net transmitter of volatility. Furthermore, we discover that bilateral intercorrelations are strong within stock indices (DJWI, DJIM, and DJSI) but weak across all other financial assets. Our study has important implications for policymakers, regulators, investors, and financial market participants who want to improve their existing strategies for avoiding financial losses.

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Section: Introductionmentioning

confidence: 99%

The dynamic volatility nexus of geo-political risks, stocks, bond, bitcoin, gold and oil during COVID-19 and Russian-Ukraine war

Shaik,

Rabbani,

Atif

et al. 2024

PLoS ONE

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Monetary shocks on the Korean stock index: structural VAR analysis

Han

Kim

2023

Eurasian Econ Rev

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This paper investigates the impact of the monetary policies in 3 countries (the Republic of Korea, China and the United States) on the Korean stock markets (e.g., KOSPI) , using a structural Vector Autoregression. We find that a positive shock in Money Supply (M2) in all 3 countries is positive to the Korean stock markets but the degree of the response differs from one another. Surprisingly, the response of the KOSPI was largest to China’s M2, reflecting that China is Korea’s largest trading partner. From the responses of Korea’s industrial production and CPI, we speculate that a possibility of liquidity trap was not ruled out in some periods. We also find that the KOSPI responded negatively to a positive shock in Korea’s policy rate while it rarely responded to the shocks in the China’s policy rate and the US federal fund rate. We consider that China’s policy rate did not affect Korea’s economic activities as it was not a main monetary policy tool. We also consider that Korea’s determination of policy rate was not fully free from the US monetary policy and thus any shock in the US federal fund rate was substantially mitigated in the KOSPI .

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