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RISS 인기검색어
- 검색키워드
- 저자 : Muzafar Shah HABIBULLAH (검색결과 6 건)
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Opening the Black Box on Bank Efficiency in China: Does Economic Freedom Matter?
FADZLAN SUFIAN,Muzafar Shah Habibullah 연세대학교 동서문제연구원 2011 Global economic review Vol.40 No.3
The paper provides, for the first time, empirical evidence on the impact of economic freedom on bank efficiency in a developing economy. We employ the Data Envelopment Analysis method to compute the efficiency of the Chinese banking sector during 2000 2008. The empirical findings indicate that the inefficiency of the Chinese banking sector stems largely from scale rather than pure technical. By examining different dimensions of economic freedom, we find that not all are equally regressive on bank efficiency. We find that the impact of business freedom to be positive, implying that higher (lower) freedom for entrepreneurs to start businesses increases (reduces) bank efficiency. Similarly, monetary freedom is positively related to bank efficiency levels, indicating the importance of a stable and reliable monetary policy to business environment. On the other hand, the impact of financial freedom is negative, implying that higher (lower) financial freedom reduces (increases) the efficiency of banks operating in the Chinese banking sector.
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Asian Financial Crisis and the Evolution of Korean Banks Efficiency: A DEA Approach
Fadzlan Sufian,Muzafar Shah Habibullah 연세대학교 동서문제연구원 2009 Global economic review Vol.38 No.4
In the mid-1990s, the East Asian countries experienced severe financial crisis that were followed by deep economic downturns. A variety of methodologies have been used to understand the nature of the Asian financial crisis. However, the impact of the 1997 Asian financial crisis on the efficiency of the financial industry has yet to be critically examined. By employing the Data Envelopment Analysis (DEA) approach the present study attempts to examine for the first time the impact of the 1997 Asian financial crisis on the efficiency of the Korean banking sector. The study focuses on three major approaches, namely, intermediation, value added, and operating approaches. The results clearly bring forth the high degree of inefficiency in the Korean banking sector, particularly a year after the Asian financial crisis. We find that the Korean banking sector has consistently exhibit higher technical efficiency levels under value added approach, while technical efficiency seems to be lowest under intermediation approach.
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Role of Information Sharing on the Impact of Foreign Banks’ Penetration on Banking Competition
Azadeh ZOHREHVAND,Saifuzzaman IBRAHIM,Muzafar Shah HABIBULLAH,Zulkornain YUSOP,Nur Syazwani MAZLAN 한국유통과학회 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.11
Globalization has led to an increase in foreign banks’ penetration. It is argued that the presence of foreign banks may affect the banking sector of the host countries in several ways including their competition level. It is mentioned that the presence of the foreign banks could heightened the level of competition in the banking sector. Nonetheless, the impact of the foreign banks on competition could be influenced by the degree of information sharing in the banking industry. This study investigates the role of information sharing in moderating the impact of foreign bank penetration on host banking sector competition in selected developing countries. We employ panel data samples of 54 developing countries during the period from 1998 to 2016. The estimation is carried out using the two-step system of the Generalized Method of Moments (GMM) regression technique. This technique is adopted due to its robustness to all forms of endogeneity. The findings of this study show that the presence of information sharing could affect the relationship between foreign banks’ penetration and competition. They suggest that improvement in information sharing by a host country may help foreign banks to improve monitoring and reduce the moral hazard and adverse selection problem.
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Religious Oppression: Government Regulations and Social Hostilities
Sotheeswari Somasundram,Abdalla Sirag,Ratneswary Rasiah,Muzafar Shah Habibullah 한국유통과학회 2017 The Journal of Asian Finance, Economics and Busine Vol.4 No.4
Religious intolerance has become a common feature of many countries in recent times. Studies have revealed a worldwide increase in government regulations and social hostilities against religious beliefs and practices. The stifling impact of both government and society on the market for religion, warrants closer scrutiny. This study examines the relationship between government regulations and social hostilities towards religious beliefs and practices, for the period of 2001-2011 for a sample of 45 European countries. The Generalized Method of Moments dynamic panel estimation technique is employed to analyze the micro panel dataset of 45 European countries, to establish the possible relationships that may exist between these variables. The theoretical framework for this study is based on the Religious Economies Theory and the Supply Side Theory of Religion. The results of this study show evidence of the positive relationship between government regulations and social hostility. Interestingly, the study also revealed that the impact of social hostility on the level of government restrictions is smaller in magnitude compared to the reverse impact of government restrictions on social hostilities, indicating the dangerous role played by governments in inciting social hostilities, when they regulate or restrict religious beliefs and practices.
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Endogenous Structural Breaks and Real Exchange Rate Stationarity in Asia: Empirics and Theory
Yoke-Kee Eng,Chin-Yoong Wong,Muzafar Shah Habibullah 한국무역학회 2012 Journal of Korea trade Vol.16 No.3
This paper reconsiders real exchange rate stationarity for six East Asian countries using Lee and Strazicich (2001, 2003)’s minimum Lagrangian Multiplier (LM) unit root test that accounts for two endogenously determined structural breaks. The result is mixed. We thus set up an open-economy New Keynesian model to understand the factors that cause trend breaks and to infer the mechanism that characterizes the nonstationary real exchange rates. We find that nominal depreciation rate, inflation differentials, and interest rate differentials are the sources of breaks. The strength of each source in changing the path of the real exchange rate is influenced by nominal rigidities and monetary policy reaction functions. Most interestingly, we show how a successfully implemented inflation-targeting monetary policy in conjunction with an endogenous currency risk premium can be the potential culprit that results in nonstationary real exchange rates.
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