Why do banks use credit default swaps (CDS)? A systematic review

Tabassum, None; Yameen, Mohammad

doi:10.1111/joes.12547

Cited by 3 publications

(1 citation statement)

References 127 publications

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“…The basic idea of GST in India is to mitigate the ill multiple tax system and to provide a uniform tax system. GST has brought in a "One Nation One Tax" system, but its effect on various industries, businesses and consumers is slightly different, and this made GST a deadly weapon for the common man (Tabassum & Yameen, 2023) [20] .…”

Section: Shortcomings and Negative Impact Of Gstmentioning

confidence: 99%

Reviving India's economy through goods and services tax (GST): A conceptual study

Tabassum¹,

Islam²,

Danish³

2023

Int. J. Finance Manage. Econ.

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GST is a game changer for its far-sweeping impact on businesses and end-consumers. Manufacturers, traders and service providers across India have been placed under one unified tax umbrella. They no longer need to work with a tedious array of distinct types of taxes they were previously required to comply with. Despite many of its advantages in the current ongoing scenario, the end consumer needs to improve in price hiking in basic amenities. The bill was brought to implement one tax in the country but resulted in the most significant drawback and a deadly weapon for the poor and middlemen of the country. The current picture of GST is not as rosy as it was portrayed. The code of conduct on which GST works, i.e. One Tax, One Nation, One Market, is not fit and suitable for India as the GST regime could not attain the objective of implementing the single tax system in India. This paper will assist in showing the flaws and adverse effects of GST on the economy of India. This paper presents an overview on the problem of cascading effect of the former multistage tax structure and the basic concept of GST and its benefits as well as drawbacks.

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Section: Shortcomings and Negative Impact Of Gstmentioning

confidence: 99%

Reviving India's economy through goods and services tax (GST): A conceptual study

Tabassum¹,

Islam²,

Danish³

2023

Int. J. Finance Manage. Econ.

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From volatility to stability: understanding the role of macroeconomic factors in sovereign CDS spreads

Alqaralleh

2024

Eurasian Econ Rev

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The impact of banks’ capital buffer on equity return: evidence from Islamic and conventional banks of GCC countries

Farooq,

Miah,

Kabir

et al. 2023

JIABR

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Purpose This paper aims to examine the impact of bank’s capital buffer on return on equity (ROE) in the context of Islamic and conventional banks in GCC countries. Design/methodology/approach The authors collect data from 83 commercial banks comprising of 49 conventional banks and 34 Islamic banks for the period 2010–2019. The final data set comprises of 744 bank-year observations. The authors apply generalized methods of moments estimation technique and panel least square to analyze the data. Findings The authors document that Tier-1 capital, total regulatory capital (TRC) and equity to asset ratio (EAR) negatively affect banks’ ROE. However, the impact disappears for conventional banks and sustains for Islamic banks if these two clusters of banks are treated separately. Furthermore, the negative impact of equity capital on earning is more pronounced for large and listed commercial banks. Practical implications Findings of this research imply that Islamic banks in GCC countries has scope to manage equity capital more efficiently. Hence, they should concentrate on using banks equity wisely to successfully compete with the conventional banks. Originality/value Since the global financial crisis of 2009, Islamic banks of GCC countries have been reporting lower ROE compared to their conventional counterparts. On the other hand, Islamic banks maintain higher level of Tier-1 capital, TRC and EAR. This evidence hypothetically suggests that Islamic banks are overly cautious in managing their capital buffer that results in lower ROE. To the best of the author’s/authors’ knowledge, no other study in the literature tests this hypothesis in the GCC context.

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Why do banks use credit default swaps (CDS)? A systematic review

Cited by 3 publications

References 127 publications

Reviving India's economy through goods and services tax (GST): A conceptual study

Reviving India's economy through goods and services tax (GST): A conceptual study

From volatility to stability: understanding the role of macroeconomic factors in sovereign CDS spreads

The impact of banks’ capital buffer on equity return: evidence from Islamic and conventional banks of GCC countries

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