How to cite this paper
Almahadin, H., Kaddumi, T., Jaradat, M., Shneikat, B & Alkhazaleh, M. (2022). The influences of Interest rate volatility on banking sector development: Evidence from cross countries in the MENA region.Decision Science Letters , 11(4), 443-454.
Refrences
Akinboade, O. A., & Kinfack, E. C. (2015). Financial development, economic growth and millennium development goals in South Africa: Is there a link?. International Journal of Social Economics, 42(5), 459-479.
Alam, M. D., & Uddin, G. (2009). Relationship between interest rate and stock price: empirical evidence from developed and developing countries. International Journal of Business and Management (ISSN 1833-3850), 4(3), 43-51.
Al-Gasaymeh, A., Almahadin, H., A., Alnaimi, A., Alzoubi, H., & In’airat M. (2022a). Determinants of Commercial Banks’ Profitability in Volatile Environments: Evidence from Generalized Method of Moments. Academy of Accounting and Finance Studies Journal, 26(2), 1-14.
Al-Gasaymeh, A., Almahadin, H., A., Alrawashdeh, N., Alzoubi, H., Al-ma’aytah, M. (2022b). Does Country Risk Affect Foreign Direct Investment: Evidence from Emerging Countries. Academy of Accounting and Finance Studies Journal, 26(1), 1-13.
Al-Gasaymeh, A., Almahadin, H. A., Alshurideh, M., Al-Zoubi, N.A., & Alzoubi, H. M. (2020). The Role of Economic Freedom in Economic Growth: Evidence from the MENA Region. International Journal of Innovation, Creativity and Change,13(10), 759-744.
Beck, T. (2001). The financial structure database, in “Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development”(A. Demirguc-Kunt and R. Levine, Eds.). Mass.: MIT Press.-2004.
Beck, T., Levine, R., & Loayza, N. (2000). Finance and the Sources of Growth. Journal of Financial Economics, 58(1-2), 261-300.
Beck, T., & Levine, R. (2004). Stock markets, banks, and growth: Panel evidence. Journal of Banking & Finance, 28(3), 423-442.
Borio, C., Gambacorta, L., & Hofmann, B. (2017). The influence of monetary policy on bank profitability. International Finance, 20(1), 48-63.
Campbell, J. Y. (1987). Stock returns and the term structure. Journal of financial economics, 18(2), 373-399.
Demirgüҫ-Kunt, A., & Levine, R. (2001). Bank-Based and Financial Systems: Cross-Country Comperisons. In: Financial Structure and Economic growth: Across-Country Comparison of Banks, Markets and Development, edited by Demirgü-Kunt, Asli, and Ross Levine, 81-140. The MIT Press: Cambridge, Massachusetts; London, England.
Elyasiani, E., & Mansur, I. (1998). Sensitivity of the bank stock returns distribution to changes in the level and volatility of interest rate: A GARCH-M model. Journal of Banking & Finance, 22(5), 535-563.
Flannery, M. J. (1981). Market interest rates and commercial bank profitability: An empirical investigation. The Journal of Finance, 36(5), 1085-1101.
Flannery, M. J. (1983). Interest rates and bank profitability: additional evidence: note. Journal of Money, Credit and Banking, 15(3), 355-362.
Flannery, M. J., Hameed, A. S., & Harjes, R. H. (1997). Asset pricing, time-varying risk premia and interest rate risk. Journal of Banking & Finance, 21(3), 315-335.
Hakkio, C. S., & Rush, M. (1991). Cointegration: how short is the long run?. Journal of international Money and Finance, 10(4), 571-581.
Hajilee, M., Al Nasser, O. M., & Perez, G. H. (2015). Banking sector development and interest rate volatility in emerging economies. Applied Economics, 47(17), 1739-1747.
Hsing, Y. (2004). Impacts of fiscal policy, monetary policy, and exchange rate policy on real GDP in Brazil: A VAR model. Brazilian Electronic Journal of Economics, 6(1).
Huybens, E., & Smith, B. D. (1999). Inflation, financial markets and long-run real activity. Journal of monetary economics, 43(2), 283-315.
Joseph, N. L., & Vezos, P. (2006). The sensitivity of US banks' stock returns to interest rate and exchange rate changes. Managerial Finance, 32(2), 182-199.
Kasman, S., Vardar, G., & Tunç, G. (2011). The impact of interest rate and exchange rate volatility on banks' stock returns and volatility: Evidence from Turkey. Economic Modelling, 28(3), 1328-1334.
King, R. G., & Levine, R. (1993). Finance and growth: Schumpeter might be right. The quarterly journal of economics, 108(3), 717-737.
Levine, R. (1997). Financial development and economic growth: views and agenda. Journal of economic literature, 35(2), 688-726.
Levine, R. (2005). Finance and growth: theory and evidence. Handbook of economic growth, 1, 865-934.
Levien, R., Loayza, N., & Beck, T. (2000). Financial Intermediation and Growth: Causality and Causes. Journal of Monetary Economics, 46(1), 31-77.
Levine, R., & Zervos, S. (1998). Stock markets, banks, and economic growth. American Economic Review, 88(3), 537-558.
Loayza, N., & Ranciere, R. (2005). Financial Development, Financial Fragility, and Growth.IMF Working Paper,Augest 2005,WP/05/170: 1-32.
Mankiw, N. G. (1986). The allocation of credit and financial collapse. The Quarterly Journal of Economics, 101(3), 455-470.
Mitchell, K. (1989). Interest rate risk at commercial banks: an empirical investigation. Financial Review, 24(3), 431-455.
Mushtaq, S., & Siddiqui, D. A. (2017). Effect of interest rate on bank deposits: Evidences from Islamic and non-Islamic economies. Future Business Journal, 3(1), 1-8.
Narayan, P. K. (2005). The saving and investment nexus for China: evidence from cointegration tests. Applied economics, 37(17), 1979-1990.
Narayan, P. K., & Smyth, R. (2006). What determines migration flows from low‐income to high‐income countries? An empirical investigation of Fiji–Us migration 1972–2001. Contemporary economic policy, 24(2), 332-342.
Nardo, M., Saisana, M., Saltelli, A., Tarantola, S., Hoffman, H., & Giovannini, E. (2005). Handbook on constructing composite indicators: methodology and user guide. Organisation for Economic Cooperation and Development (OECD). Statistics Working Paper JT00188147, OECD, France.
Naveed, M. Y. (2015). Impact of monetary policy shocks in a dual banking system in Pakistan: A vector auto regressive approach (VAR). European Academic Research, 2(11), 1-17.
Papadamou, S., & Siriopoulos, C. (2014). Interest rate risk and the creation of the Monetary Policy Committee: Evidence from banks’ and life insurance companies’ stocks in the UK. Journal of Economics and Business, 71, 45-67.
Pesaran, M. H., & Shin, Y. (1995). An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. In: S. Strom (Ed.) Econometrics and Economic Theory in the 20th Century, 371-413. The Ragnar Frisch Centennial Symposium, Cambridge University Press, Cambridge.
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of applied econometrics, 16(3), 289-326.
Pradhan, R. P., Arvin, B. M., Norman, N. R., & Nishigaki, Y. (2014). Does banking sector development affect economic growth and inflation? A panel cointegration and causality approach. Applied Financial Economics, 24(7), 465-480.
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Bahmani, S. (2014). Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries. Review of Financial Economics, 23(4), 155-173.
Saunders, A., & Yourougou, P. (1990). Are banks special? The separation of banking from commerce and interest rate risk. Journal of Economics and Business, 42(2), 171-182.
Simpson, J. L., & Evans, J. P. (2003). Banking stock returns and their relationship to interest rates and exchange rates: Australian evidence. University of Wollongong in Dubai Working Paper, (5-2003).
Tripathi, V., & Ghosh, R. (2012). Interest rate sensitivity of banking stock returns in India. International Journal of Financial Management (ISSN: 2229-5690) Vol, 2, 10-20.
Yourougou, P. (1990). Interest-rate risk and the pricing of depository financial intermediary common stock: Empirical evidence. Journal of Banking & Finance, 14(4), 803-820.
World Bank. (2017). World Development Indicators, 2017. Washington, DC: World Bank. http://data.worldbank.org/data-catalog/ world-development-indicators (accessed January 3, 2020).
World Bank. (2017). Global Financial Development, 2017. Washington, DC: World Bank. http://data.worldbank.org/data-catalog/ world-development-indicators (accessed January 3, 2020).
Zhou, C. (1996). Stock Market Fluctuations and the Term Structure. In: Board of Governors of the Federal Reserve System, Finance and Economics Discussion Series (FEDS). No. 96/03, January 1996.
Zivot, E., & Andrews, D. W. K. (2002). Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business & Economic Statistics, 20(1), 25-44.
Alam, M. D., & Uddin, G. (2009). Relationship between interest rate and stock price: empirical evidence from developed and developing countries. International Journal of Business and Management (ISSN 1833-3850), 4(3), 43-51.
Al-Gasaymeh, A., Almahadin, H., A., Alnaimi, A., Alzoubi, H., & In’airat M. (2022a). Determinants of Commercial Banks’ Profitability in Volatile Environments: Evidence from Generalized Method of Moments. Academy of Accounting and Finance Studies Journal, 26(2), 1-14.
Al-Gasaymeh, A., Almahadin, H., A., Alrawashdeh, N., Alzoubi, H., Al-ma’aytah, M. (2022b). Does Country Risk Affect Foreign Direct Investment: Evidence from Emerging Countries. Academy of Accounting and Finance Studies Journal, 26(1), 1-13.
Al-Gasaymeh, A., Almahadin, H. A., Alshurideh, M., Al-Zoubi, N.A., & Alzoubi, H. M. (2020). The Role of Economic Freedom in Economic Growth: Evidence from the MENA Region. International Journal of Innovation, Creativity and Change,13(10), 759-744.
Beck, T. (2001). The financial structure database, in “Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development”(A. Demirguc-Kunt and R. Levine, Eds.). Mass.: MIT Press.-2004.
Beck, T., Levine, R., & Loayza, N. (2000). Finance and the Sources of Growth. Journal of Financial Economics, 58(1-2), 261-300.
Beck, T., & Levine, R. (2004). Stock markets, banks, and growth: Panel evidence. Journal of Banking & Finance, 28(3), 423-442.
Borio, C., Gambacorta, L., & Hofmann, B. (2017). The influence of monetary policy on bank profitability. International Finance, 20(1), 48-63.
Campbell, J. Y. (1987). Stock returns and the term structure. Journal of financial economics, 18(2), 373-399.
Demirgüҫ-Kunt, A., & Levine, R. (2001). Bank-Based and Financial Systems: Cross-Country Comperisons. In: Financial Structure and Economic growth: Across-Country Comparison of Banks, Markets and Development, edited by Demirgü-Kunt, Asli, and Ross Levine, 81-140. The MIT Press: Cambridge, Massachusetts; London, England.
Elyasiani, E., & Mansur, I. (1998). Sensitivity of the bank stock returns distribution to changes in the level and volatility of interest rate: A GARCH-M model. Journal of Banking & Finance, 22(5), 535-563.
Flannery, M. J. (1981). Market interest rates and commercial bank profitability: An empirical investigation. The Journal of Finance, 36(5), 1085-1101.
Flannery, M. J. (1983). Interest rates and bank profitability: additional evidence: note. Journal of Money, Credit and Banking, 15(3), 355-362.
Flannery, M. J., Hameed, A. S., & Harjes, R. H. (1997). Asset pricing, time-varying risk premia and interest rate risk. Journal of Banking & Finance, 21(3), 315-335.
Hakkio, C. S., & Rush, M. (1991). Cointegration: how short is the long run?. Journal of international Money and Finance, 10(4), 571-581.
Hajilee, M., Al Nasser, O. M., & Perez, G. H. (2015). Banking sector development and interest rate volatility in emerging economies. Applied Economics, 47(17), 1739-1747.
Hsing, Y. (2004). Impacts of fiscal policy, monetary policy, and exchange rate policy on real GDP in Brazil: A VAR model. Brazilian Electronic Journal of Economics, 6(1).
Huybens, E., & Smith, B. D. (1999). Inflation, financial markets and long-run real activity. Journal of monetary economics, 43(2), 283-315.
Joseph, N. L., & Vezos, P. (2006). The sensitivity of US banks' stock returns to interest rate and exchange rate changes. Managerial Finance, 32(2), 182-199.
Kasman, S., Vardar, G., & Tunç, G. (2011). The impact of interest rate and exchange rate volatility on banks' stock returns and volatility: Evidence from Turkey. Economic Modelling, 28(3), 1328-1334.
King, R. G., & Levine, R. (1993). Finance and growth: Schumpeter might be right. The quarterly journal of economics, 108(3), 717-737.
Levine, R. (1997). Financial development and economic growth: views and agenda. Journal of economic literature, 35(2), 688-726.
Levine, R. (2005). Finance and growth: theory and evidence. Handbook of economic growth, 1, 865-934.
Levien, R., Loayza, N., & Beck, T. (2000). Financial Intermediation and Growth: Causality and Causes. Journal of Monetary Economics, 46(1), 31-77.
Levine, R., & Zervos, S. (1998). Stock markets, banks, and economic growth. American Economic Review, 88(3), 537-558.
Loayza, N., & Ranciere, R. (2005). Financial Development, Financial Fragility, and Growth.IMF Working Paper,Augest 2005,WP/05/170: 1-32.
Mankiw, N. G. (1986). The allocation of credit and financial collapse. The Quarterly Journal of Economics, 101(3), 455-470.
Mitchell, K. (1989). Interest rate risk at commercial banks: an empirical investigation. Financial Review, 24(3), 431-455.
Mushtaq, S., & Siddiqui, D. A. (2017). Effect of interest rate on bank deposits: Evidences from Islamic and non-Islamic economies. Future Business Journal, 3(1), 1-8.
Narayan, P. K. (2005). The saving and investment nexus for China: evidence from cointegration tests. Applied economics, 37(17), 1979-1990.
Narayan, P. K., & Smyth, R. (2006). What determines migration flows from low‐income to high‐income countries? An empirical investigation of Fiji–Us migration 1972–2001. Contemporary economic policy, 24(2), 332-342.
Nardo, M., Saisana, M., Saltelli, A., Tarantola, S., Hoffman, H., & Giovannini, E. (2005). Handbook on constructing composite indicators: methodology and user guide. Organisation for Economic Cooperation and Development (OECD). Statistics Working Paper JT00188147, OECD, France.
Naveed, M. Y. (2015). Impact of monetary policy shocks in a dual banking system in Pakistan: A vector auto regressive approach (VAR). European Academic Research, 2(11), 1-17.
Papadamou, S., & Siriopoulos, C. (2014). Interest rate risk and the creation of the Monetary Policy Committee: Evidence from banks’ and life insurance companies’ stocks in the UK. Journal of Economics and Business, 71, 45-67.
Pesaran, M. H., & Shin, Y. (1995). An Autoregressive Distributed Lag Modelling Approach to Cointegration Analysis. In: S. Strom (Ed.) Econometrics and Economic Theory in the 20th Century, 371-413. The Ragnar Frisch Centennial Symposium, Cambridge University Press, Cambridge.
Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of applied econometrics, 16(3), 289-326.
Pradhan, R. P., Arvin, B. M., Norman, N. R., & Nishigaki, Y. (2014). Does banking sector development affect economic growth and inflation? A panel cointegration and causality approach. Applied Financial Economics, 24(7), 465-480.
Pradhan, R. P., Arvin, M. B., Hall, J. H., & Bahmani, S. (2014). Causal nexus between economic growth, banking sector development, stock market development, and other macroeconomic variables: The case of ASEAN countries. Review of Financial Economics, 23(4), 155-173.
Saunders, A., & Yourougou, P. (1990). Are banks special? The separation of banking from commerce and interest rate risk. Journal of Economics and Business, 42(2), 171-182.
Simpson, J. L., & Evans, J. P. (2003). Banking stock returns and their relationship to interest rates and exchange rates: Australian evidence. University of Wollongong in Dubai Working Paper, (5-2003).
Tripathi, V., & Ghosh, R. (2012). Interest rate sensitivity of banking stock returns in India. International Journal of Financial Management (ISSN: 2229-5690) Vol, 2, 10-20.
Yourougou, P. (1990). Interest-rate risk and the pricing of depository financial intermediary common stock: Empirical evidence. Journal of Banking & Finance, 14(4), 803-820.
World Bank. (2017). World Development Indicators, 2017. Washington, DC: World Bank. http://data.worldbank.org/data-catalog/ world-development-indicators (accessed January 3, 2020).
World Bank. (2017). Global Financial Development, 2017. Washington, DC: World Bank. http://data.worldbank.org/data-catalog/ world-development-indicators (accessed January 3, 2020).
Zhou, C. (1996). Stock Market Fluctuations and the Term Structure. In: Board of Governors of the Federal Reserve System, Finance and Economics Discussion Series (FEDS). No. 96/03, January 1996.
Zivot, E., & Andrews, D. W. K. (2002). Further evidence on the great crash, the oil-price shock, and the unit-root hypothesis. Journal of Business & Economic Statistics, 20(1), 25-44.