Macroprudential Regulation and Policy for the Islamic Financial Industry: Theory and Applications

Front Matter....Pages i-xvi
Front Matter....Pages 1-1
Macroprudential Policy and Regulation in a Dual Banking System: An Exploratory Perspective....Pages 3-24
Doctrinal Challenge for Islamic Banking on Macroprudential Regulations: A Religion-Regulation Mismatch 2.0....Pages 25-34
Conceptual Proposal for Future Macroprudential Framework Under a Dual Financial System in Indonesia....Pages 35-53
Front Matter....Pages 55-55
Risk Management Methodologies: An Empirical Macro-prudential Approach for a Resilient Regulatory Framework for the Islamic Finance Industry....Pages 57-77
Competitive Condition and Market Power of Islamic and Commercial Conventional Banks in Indonesia....Pages 79-99
Early Warning Indicators and Macroprudential Policy Tools....Pages 101-119
A Proposed Formula for Reserve Requirement–Financing to Deposit Ratio: The Case of Islamic Banking in Indonesia....Pages 121-131
Testing of the Procyclicality of Islamic and Conventional Banks in Indonesia....Pages 133-152
Short-Term Liquidity Management Mechanisms in the Absence of Islamic Interbank Loan Markets....Pages 153-159
Front Matter....Pages 161-161
Macroprudential Analysis of Financial Crisis Impacts on Banks’ Soundness: Evidence from Pakistan....Pages 163-176
Regulatory Framework for Islamic Finance: Malaysia’s Initiative....Pages 177-192
Islamic Finance and Macroprudential Policy: The Case of Iranian Banking System....Pages 193-209
Front Matter....Pages 211-211
Indonesia Shari’ah Compliance Stock Index Responses Toward Macroprudential and Monetary Policy of Indonesian Central Bank....Pages 213-227
Socioeconomic Development and Its Effect on Performance of Islamic Banks: Dynamic Panel Approaches....Pages 229-243
Macroprudential Tools and Its Relationship with Monetary Policy Tools....Pages 245-272