The effect of banks' debt creation on price stability: evidence from Middle East and North Africa

被引：0
作者：
Musse, Osman Sayid Hassan [1 ]
Aziz, Hassanuddeen Abdul [2 ,3 ]
Echchabi, Abdelghani
机构：
[1] Int Islamic Univ Malaysia, Int Inst Islamic Banking & Finance, Jalan Gombak, Kuala Lumpur, Malaysia
[2] Int Islamic Univ Malaysia, Fac Econ & Management Sci, Dept Finance, Kuala Lumpur 53100, Malaysia
[3] Int Islamic Univ Malaysia, Fac Econ & Management Sci, Dept Business Adm, Kuala Lumpur 53100, Malaysia
来源：
MIDDLE EAST JOURNAL OF MANAGEMENT | 2014年 / 1卷 / 03期
关键词：
inflation; deposits; loans; MENA; fractional reserve banking;
D O I：
10.1504/MEJM.2014.060530
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
The purpose of the study is to examine the possible influence of the current money creation process applied by the commercial banks through the fractional reserve system on the overall prices stability in the MENA countries. The study uses yearly data spanning from 2005 through 2011 for 15 MENA countries, and applies panel regression analysis based on the pooled data set. The results indicate that neither outstanding deposits nor outstanding loans do have a significant influence on inflation.
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页码：224 / 231
页数：8
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