Fractional reserve banking and price stability: Evidence from Gulf Cooperation Council (GCC) countries
This study aims at investigating 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 Gulf Cooperation Council (GCC) countries. The study uses yearly data spanning from 2008 throu...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Science Publications
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/49435/1/ajebasp.2015.101.105.pdf http://irep.iium.edu.my/49435/ http://thescipub.com/PDF/ajebasp.2015.101.105.pdf |
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| Institution: | Universiti Islam Antarabangsa Malaysia |
| Language: | English |
| Summary: | This study aims at investigating 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 Gulf
Cooperation Council (GCC) countries. The study uses yearly data spanning
from 2008 through 2013 for Qatar, Kuwait, Oman, Saudi Arabia and
United Arab Emirates and applies panel regression analysis based on the
pooled data set. The results indicate that neither outstanding deposits nor
outstanding loans have a significant influence on general price levels. |
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