Macroprudential Regulation and Policy for the Islamic Financial Industry
This volume aims to discuss the current research, theory, methodology and applications of macropreudential regulation and policy for the Islamic financial industry. Published in cooperation with the Islamic Research and Training Institute (IRTI), this boo
- PDF / 6,553,147 Bytes
- 276 Pages / 439.43 x 683.15 pts Page_size
- 104 Downloads / 205 Views
oprudential Regulation and Policy for the Islamic Financial Industry Theory and Applications
Macroprudential Regulation and Policy for the Islamic Financial Industry
Muhamed Zulkhibri • Abdul Ghafar Ismail Sutan Emir Hidayat Editors
Macroprudential Regulation and Policy for the Islamic Financial Industry Theory and Applications
Editors Muhamed Zulkhibri Islamic Research and Training Institute Islamic Development Bank Jeddah, Saudi Arabia
Abdul Ghafar Ismail Islamic Research and Training Institute Islamic Development Bank Jeddah, Saudi Arabia
Sutan Emir Hidayat Business Administration Department University College of Bahrain Manama, Bahrain
ISBN 978-3-319-30443-4 ISBN 978-3-319-30445-8 DOI 10.1007/978-3-319-30445-8
(eBook)
Library of Congress Control Number: 2016938180 © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland
Foreword
Despite the interlinkage between macroprudential policy and financial stability being widely acknowledged in the literature, there are only a few in-depth studies in this area of research focusing on this relationship for Islamic financial industry. Moreover, issues pertaining to macroprudential policy influences on bank risk-taking have been given even greater attention since the financial crisis in 2008/2009. Macroprudential approaches are widely adopted by many central banks and regulators for supervision and regulation in order to maintain financial stability and, ultimately, improve social welfare by aligning private incentives with social objectives. As the Islamic banking sector assets grow rapidly, increasing its market share, it will pose higher systemic risks to the overall financial system. Understanding the impact of macroprudential policy and regulation for the Islamic financial sector is crucial as it influences the variety of structu
Data Loading...
