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    Islamic Banking: Expanding Financial Depth?

    Cover for Islamic Banking: Expanding Financial Depth?
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    View/Open: CarrLee_georgetown_0076M_12110.pdf (585kB) Bookview

    Creator
    Carr-Lee, Keith Gregory
    Advisor
    Fleming, Matthew H
    Abstract
    Recent studies suggest that the growth of financial sector depth and access can drive poverty reduction and economic growth, popularizing the idea that financial development can be used as a development tool. Combined with a growing awareness in the West of Islamic taboos against lending at interest and speculation and the rapid growth of global Islamic finance, Islamic-compliant banking is increasingly being seen as a potential key to unlocking growth and reducing poverty among the Islamic poor. Using 1990-2007 panel data across 26 Organization of Islamic Cooperation (OIC) states with majority Muslim populations, this paper examines the theoretical assumption that Islamic banking growth is due to increased participation in the financial system. The analysis finds evidence that growth of an existing Islamic banking sector within countries that possess one does have a positive effect on the rate of growth of financial depth, but produces more ambiguous findings when comparing states with Islamic banking sectors to those without such sectors. This may suggest that current Islamic banking growth is effective at expanding financial access and mobilizing new resources, but that there may be certain unobserved prerequisites such as human capital or information infrastructure that are necessary for both traditional and Islamic finance to be successful.
    Description
    M.P.P.
    Permanent Link
    http://hdl.handle.net/10822/558563
    Date Published
    2013
    Subject
    Access; Banking; Development; Finance; Growth; Islamic; Public policy; Finance; Economics; Public policy; Finance; Economics;
    Type
    thesis
    Publisher
    Georgetown University
    Extent
    60 leaves
    Collections
    • Graduate Theses and Dissertations - Public Policy
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    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility