The information content of the Islamic interbank money market rate in Malaysia

• Main Authors: Kassim, Salina H., Abdul Manap, Turkhan Ali
• Format: Article
• Language: English
• Published: Emerald Group Publishing 2008
• Subjects: H Social Sciences (General); HA154 Statistical data; HB131 Methodology.Mathematical economics. Quantitative methods; HB3711 Business cycles. Economic fluctuations
• Online Access: http://irep.iium.edu.my/820/1/The_information_content_of_the_Islamic_Interbank_rate_in_Malaysia.pdf; http://irep.iium.edu.my/820/; http://ideas.repec.org/a/eme/imefpp/v1y2008i4p304-312.html

The purpose of this paper is to analyze the information content of the Islamic interbank money market rate (IIMMR), with respect to several macroeconomic indicators such as output, inflation, exports, imports, bank loans and stock market index, and compare it against that of the conventional interba...