75
Views
0
CrossRef citations to date
0
Altmetric
Original Articles

The effect of an interest-free banking system on level and volatility of inflation: a GARCH model

Pages 879-882 | Published online: 12 Sep 2008

References

  • Bollerslev , T. 1986 . Generalized autoregressive conditional heteroskedasticity . Journal of Econometrics , 31 : 307 – 27 .
  • Chapra , M. U. 1985 . Towards a Just Monetary System , Leicester, , UK : The Islamic Foundation .
  • Cukierman , A. and Meltzer , A. H. 1986 . A theory of ambiguity, credibility, and inflation under discretion and asymmetric information . Econometrica , 54 : 1099 – 128 .
  • Darrat , A. F. 1988 . The islamic interest-free banking system: some empirical evidence . Applied Economics , 20 : 417 – 25 .
  • Darrat , A. F. and Lopez , F. A. 1988 . Price instability and inflation: some tests based on rational expectations models . Economics Letters , 26 : 111 – 19 .
  • Darrat , A. F. 2002 . The relative efficiency of interest-free monetary system: some empirical evidence . The Quarterly Review of Economics and Finance , 42 : 747 – 64 .
  • Engle , R. F. 1982 . Autoregressive conditional heteroskedasticity with estimates of the variance of U.K. inflation . Econometrica , 50 : 987 – 1008 .
  • Evans , M. 1991 . Discovering the link between inflation rates and inflation uncertainty . Journal of Money, Credit, and Banking , 23 : 169 – 84 .
  • Friedman , M. 1977 . Nobel lecture: Inflation and unemployment . Journal of Political Economy , 85 : 451 – 72 .
  • Grier , K. B. and Perry , M. J. 1998 . On inflation and inflation uncertainty in the G7 countries . Journal of International Money and Finance , 17 : 671 – 89 .
  • Kontonikas , A. 2004 . Inflation and inflation uncertainty in the united kingdom: evidence from GARCH modeling . Economic Modelling , 21 : 525 – 43 .
  • Khan , M. S. and Mirakhor , A. 1990 . Islamic banking: experiences in the Islamic republic of Iran and Pakistan . Economic Development and Cultural Change , 83 : 353 – 75 .
  • Pesaran , M. H. and Pesaran , B. 1997 . Working with Microfit 4.0 -- Interactive Econometric Analysis , Oxford : Oxford University Press .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.