2008 XXXII 1

Risks and efficiency in Malaysian banking

Fadzlan Sufian
Savings and Development Vol. 32(2008), No. 1, pp. 7-29

Applying a non-parametric Data Envelopment Analysis (DEA) method, this paper attempts to investigate the efficiency of Malaysian banks during the post-merger period. We further analyzed the impact of risk and problem loans on Malaysian bank [...]

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Interest rate determination in developing countries

Troy Lorde, Brian Francis, Kimberly Waithe and Timothy G. Taylor
Savings and Development Vol. 32(2008), No. 1, pp. 31-50

This paper seeks to determine nominal interest rates in five small developing countries - The Bahamas, Barbados, Guyana, Jamaica, and Trinidad and Tobago. The traditional Fisher equation augmented with the US nominal interest rate is employed. [...]

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Corporate governance, concentration, and economic growth in the GCC banking sector

Ibrahim Al Karasneh and Ali Bolbol
Savings and Development Vol. 32(2008), No. 1, pp. 51-75

The aim of this paper is to study the growth and corporate governance implications of market concentration in the GCC banking sector. It will begin by defining corporate governance, its significance in the context of banks, and how it can be [...]

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Macroeconomic variables and stock market performance: testing for dynamic linkages with a known structural break

Abdul Rashid
Savings and Development Vol. 32(2008), No. 1, pp. 77-102

This paper investigates the dynamic interactions between four macroeconomic variables and stock prices in Pakistan, using cointegration and Granger causality tests that are robust to structural breaks. The results strongly suggest cointegration [...]

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The role of non-government organisations in microfinance

Barclay O’Brien
Savings and Development Vol. 32(2008), No. 1, pp. 103-115

This paper contends that international Non-Governmental Organisations (NGOs) have played a substantial role in developing financial services for the poor (or microfinance). Their influence has been greatest in: • Pursuing a broader common vision [...]

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