期刊名称：Journal of Islamic Monetary Economics and Finance
印刷版ISSN：2460-6146
电子版ISSN：2460-6618
出版年度：2018
卷号：3
期号：2
页码：293-314
语种：English
出版社：Bank Indonesia
摘要：This study intends to assess the relative financial stability of Islamic banks in Bangladesh using three different Z-Scores as financial stability measures,based on asample of 29 listed commercial banks (23 conventionaland 6 lslamic) in Bangladesh overthe period 2005-2016.Apart from the existing measure of financial stability,Z-Score,the paper contributes to the literature by developing an alternative Z-Score based onbank's loan portfolio infection ratio.We first use pair-wise comparison and find thatIslamic banks are financiall more stable in two stability measures i.e.Z-Score (based onCapital Adequacy Ratio) and Z-Score (based on Infection Ratio).We then perform static(random effects) and dynamic (GMM) panel data analysis.By controlling for bank-specific,industry-specific and macroeconomic variables in the regressions,we find thatIslamic banks are financially more stable in 2 panel regressions of Z-Score (based orInfection Ratio).We also find that the presence of Islamic banks increases the stability ofall banks in the system including their conventional peers.
关键词：Financial Stability;Financial Stability Measures;Z Scores;Z Scores based on
