01805cas a2200253 a 4500 AALejournalIMF007287 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455293704 1018-5941 BD-DhAAL BD-DhAAL Charap, Joshua. The Behavior of Conventional and Islamic Bank Deposit Returns in Malaysia and Turkey / Joshua Charap, Serhan Cevik. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the empirical behavior of conventional bank deposit rates and the rate of return on retail Islamic profit-and-loss sharing (PLS) investment accounts in Malaysia and Turkey, using monthly data from January 1997 to August 2010. The analysis shows that conventional bank deposit rates and PLS returns exhibit long-run cointegration and the time-varying volatility of conventional bank deposit rates and PLS returns is correlated and is statistically significant. The pairwise and multivariate causality tests show that conventional bank deposit rates Granger cause returns on PLS accounts. These findings have policy implications in terms of price stability and financial stability. Mode of access: Internet Cevik, Serhan. IMF Working Papers; Working Paper ; No. 2011/156 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/156/001.2011.issue-156-en.xml IMF e-Library