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Three essays on important characteristics of Islamic and conventional banks in a dual banking system

posted on 17.09.2019, 03:15 by LIANNE MEI QUIN LEE
This thesis investigates bank liquidity creation and overnight interbank markets in a dual banking system by conducting three studies. The first study examines the relationship between risk preference and bank liquidity creation, which is supported by empirical evidence. The second study finds that the Islamic and conventional overnight interbank markets are integrated and both markets contribute to the price discovery process. Both Islamic and conventional overnight interbank rates are found to be rigid in the third study. However, Islamic rate is more rigid than the conventional rate.


Campus location


Principal supervisor

Keshab Man Shrestha

Additional supervisor 1

Michael Skully

Additional supervisor 2

Mohammed Sharaf Shaiban

Year of Award


Department, School or Centre

School of Business and Economics (Monash University Malaysia)


Doctor of Philosophy

Degree Type



Faculty of Business and Economics

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