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Impact of bank concentration and financial development on growth volatility: the case of selected OIC countries

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dc.contributor.authorEdib Smolo
dc.contributor.authorGinanjar Dewandaru
dc.contributor.authorMansor H. Ibrahim
dc.date.accessioned2021-09-22T02:17:48Z
dc.date.available2021-09-22T02:17:48Z
dc.date.issued2021
dc.description.abstractThis study investigates the impact of bank concentration and financial development on economic volatility for the Organization of Islamic Cooperation (OIC) member countries. Employing dynamic panel models, we find no evidence that bank concentration is significantly related to economic volatility when it is entered independently in the models. Meanwhile, financial development lowers economic volatility. Extending the models to include market structure - financial development interaction, we note that the impact of bank concentration on volatility depends on the level of financial development within OIC countries. More specifically, the volatility-increasing effect of bank concentration tends to be moderated by financial development. Accordingly, in the wake of banking sector consolidation in these countries, policymakers and regulators in OIC countries should focus on further developing their financial markets such that the negative consequences of resulting market concentration can be mitigated.en_US
dc.identifier.citationSmolo, E., Ibrahim, M. H., & Dewandaru, G. (2021). Impact of bank concentration and financial development on growth volatility: the case of selected OIC countries. Emerging Markets Finance and Trade, 57 (7), pp. 2094-2106.en_US
dc.identifier.doihttps://doi.org/10.1080/1540496X.2021.1903869
dc.identifier.issn1558-0938 (Online)
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3442
dc.languageEnglish
dc.language.isoengen_US
dc.publisherTaylor & Francis Groupen_US
dc.rights2021. Taylor & Francis Group
dc.sourceSEDONA
dc.subjectBank concentrationen_US
dc.subjectFinancial developmenten_US
dc.subjectGrowth volatilityen_US
dc.subjectOIC countriesen_US
dc.subjectGMMen_US
dc.titleImpact of bank concentration and financial development on growth volatility: the case of selected OIC countriesen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic bankingen_US
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