Does Islamic banking performance vary across regions? A new puzzle

This article investigates the performance of Islamic banks (IBs) across four different regions (Egypt, the Gulf, the UK and the US) in the aftermath of the subprime crisis. Using daily data and two performance ratio proxies (ROA (Return on Asset) and Tobin Q), we show that the performance of IBs varies significantly from one region to another, with the highest level for regions in the West. This result suggests a new puzzle as application of the same Sharia Board rules and sales of similar products should normally provide comparable performance outcomes for IBs.     

光大银行零售业务发展现状研究

中国的商业银行批发业务已经相当成熟和完善,但零售业务的发展却相对滞后,这非常不利于商业银行的整体发展。因此中国商业银行应当积极发展零售业务以提高盈利能力,增强竞争力。光大银行作为中国较早开展零售银行业务的商业银行之一,近年来其零售业务取得了较大的进步,产品种类日趋丰富,但整体上和国有商业银行相比还有较大的差距。通过分析光大银行零售业务的发展情况,总结零售银行业务发展过程中存在的问题。     

基于熵权法的伊斯兰银行绩效评估和社会作用分析

近年来,伊斯兰银行发展迅速,并在金融危机愈演愈烈的情况下经营稳定,它与传统商业银行业务最大的区别是禁止利息。本文通过剖析伊斯兰银行无息贷款与商业银行有息贷款运作的特点,运用熵权法对它们之间的绩效进行分析比较,结果表明伊斯兰银行的经营效益显然低于传统商业银行。本文在结论中指出了伊斯兰银行无息运作机制的弊端,分析了其存在和发展的合理性,并提出其对我国银行业发展的借鉴意义。     

Dual market competition and deposit rate setting in Islamic and conventional banks

This paper addresses the issue of competition in dual banking markets by analyzing the determinants of deposit rates in Islamic and conventional banks. Using a sample of 20 countries with dual banking systems over the 2000–2014 period, our results show significant differences in the drivers of Islamic and conventional banks' pricing behavior. Conventional banks with stronger market power set lower deposit rates but market power is not significant for Islamic banks. In predominantly Muslim environments, conventional banks set higher deposit rates and further higher when their market power is lower. Whereas conventional banks are influenced by the competitiveness of Islamic banks, Islamic banks are only affected by their peers in predominantly Muslim countries. Our findings have important implications regarding competition and bank stability in dual banking markets.     

Free banking and the stability of early joint-stock banking

Proponents of free banking argue that systems adopting theirpolicies will be stable. In this paper, we present evidencesuggesting that, in general, early joint-stock banking systemsdid not adopt free banking, and those that did proved to beunstable. In particular, we demonstrate that those systems imposingregulations were generally stable. We rationalise the successof regulation as a pragmatic solution to the time-inconsistencyproblem arising from the peculiar nature of the banking firm.Notably, we find that the ‘golden age’ of free bankingstability can be attributed to restrictions on the organisationalform of the early banking firm.     

互联网金融冲击下我国商业银行供应链金融业务发展现状分析

近年来迅速发展的商业银行供应链金融业务正受到互联网金融的冲击。互联网金融在刺激着银行改变传统业务方式的同时,也促使银行改变供应链金融业务的模式。基于此,分析了互联网金融冲击下我国商业银行供应链金融业务发展的现状,并探讨了商业银行供应链金融产品发展的方向。     

How do the media scrutinise central banking? Evidence from the Bank of England

Central bank independence has raised questions of accountability ever since its global diffusion in the 1990s, and especially since the financial crisis. Yet, whilst the literature on central banks’ legislative oversight has expanded, the role of the media as account holders has been left largely unexplored. We assess media scrutiny by using an original dataset of news articles about the Bank of England published between 1997 and 2020, and by analysing the relationship between central banking outcomes and scrutiny in the form of evaluative and negative coverage of the Bank. We find that the variation in such coverage can be traced back to policy outcomes, but the association is largely confined to the post-crisis period. The findings support a view of the media as instrumental in central bank oversight, but also show the limits of this form of accountability.     

当代恐怖主义产生之根源探析

当代恐怖主义产生的原因是众多的，宗教矛盾是恐怖主义产生的一个主要根源，而其中影响最大的要属伊斯兰原教旨主义。伊斯兰原教旨主义极端派别的恐怖活动使其成为伊斯兰原教旨主义的替代品，最终成为恐怖主义的代名词。恐怖主义给国际社会带来巨大的危害性。反恐必须反对极端伊斯兰原教旨主义。     

全面开放后中外银行竞争态势的比较分析

银行业全面开放后,外资银行的竞争优势主要来自于其中间业务收入、风险管理能力以及先进的激励机制所吸引的人才资源.未来两年内,外资银行在中国的竞争策略将有所变化,将侧重一些市场和业务领域的拓展.中资银行应通过自身的发展和完善,加强合作,不断提升竞争能力,以应对外资银行的挑战.     

WTO的挑战与银行业的改革

随着我国经济一体化进程的不断加快,中国加入WTO后,外资银行将凭借其雄厚的资本实力、健全的经营体制、丰富的融资品种和良好的人才结构,给我国整体竞争力较为低下的银行业带来巨大的冲击和挑战,但同时也会给我们带来一定的发展机遇。因此,我国银行业要以市场化为基本取向,进一步深化金融体制和融资模式改革,充实资本金、培育金融市场,创新金融服务,在渐进开放的过程中,充分发挥本土优势,努力提高我国银行业的整体竞争力。     

How Islamic are Islamic banks? A non-linear assessment of Islamic rate – conventional rate relations

In this paper, we perform a non-linear assessment of Islamic rate – conventional rate relations for the case of Malaysia. Using monthly data covering the period January 1999 to November 2016, we find strong evidence supporting non-linear reactions of the Islamic investment rates to conventional rates in the long run and/or short-run for all matched maturities. More precisely, the Islamic investment rates exhibit faster upward movement (slower downward movement) in responses to conventional deposit rate increases (decreases). The asymmetric pricing behaviour of Islamic banks however tends to weaken as maturity lengthens. Accordingly, we infer that Islamic banks do not rigidly peg their investment deposit rates to conventional deposit rates as some have claimed in questioning the Islamicity of Islamic banks.