Is Islamic banking good for growth /

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Bibliographic Details
Author / Creator:Imam, Patrick, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2015.
Description:1 online resource (33 pages) : color illustrations.
Language:English
Series:IMF working paper, 1018-5941 ; WP/15/81
IMF working paper ; WP/15/81.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504432
Hidden Bibliographic Details
Other authors / contributors:Kpodar, Kangni, author.
International Monetary Fund. African Department.
ISBN:1475569289
9781475569285
9781475569285
Notes:"April 2015."
"African Department."
Includes bibliographical references (pages 24-27).
Online resource; title from pdf title page (IMF.org Web site, viewed May 1, 2015).
Summary:The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to economic growth, which raises the question as to whether a similar conclusion holds for Islamic banking. Against this backdrop, this paper investigates the relationship between Islamic banking development and economic growth in a sample of low and middle income countries, using data over the period 1990-2010. The results show that, notwithstanding its relatively small size compared to the economy and the overall size of the financial system, Islamic banking is positively associated with economic growth even after controlling for various determinants, including the level of financial depth. The results are robust across different specifications, sample composition and time periods--Abstract.
Other form:Print Version: 9781475569285
Standard no.:10.5089/9781475569285.001

MARC

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520 |a The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to economic growth, which raises the question as to whether a similar conclusion holds for Islamic banking. Against this backdrop, this paper investigates the relationship between Islamic banking development and economic growth in a sample of low and middle income countries, using data over the period 1990-2010. The results show that, notwithstanding its relatively small size compared to the economy and the overall size of the financial system, Islamic banking is positively associated with economic growth even after controlling for various determinants, including the level of financial depth. The results are robust across different specifications, sample composition and time periods--Abstract. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed May 1, 2015). 
650 0 |a Banks and banking  |z Developing countries  |x Religious aspects  |x Islam. 
650 0 |a Financial institutions  |z Islamic countries. 
650 0 |a Economic development  |z Islamic countries. 
650 6 |a Institutions financières  |z Pays musulmans. 
650 6 |a Développement économique  |z Pays musulmans. 
650 7 |a Banks and banking  |x Religious aspects  |x Islam.  |2 fast  |0 (OCoLC)fst00826975 
650 7 |a Economic development.  |2 fast  |0 (OCoLC)fst00901785 
650 7 |a Financial institutions.  |2 fast  |0 (OCoLC)fst00924636 
651 7 |a Developing countries.  |2 fast  |0 (OCoLC)fst01242969 
651 7 |a Islamic countries.  |2 fast  |0 (OCoLC)fst01244130 
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