nep-isf New Economics Papers
on Islamic Finance
Issue of 2021‒10‒11
five papers chosen by
Mohamed Mohamed Tolba Said

  1. Role of Client Relationship Marketing in the Banking Sector of Pakistan By Mohsin, Ali; Karim, Emadul
  2. Oil Prices, Global Demand Expectations, and Near-Term Global Inflation By Jan J. J. Groen; Adam I. Noble
  3. Oil Prices, Exchange Rates and Sectoral Stock Returns in the BRICS-T Countries: A Time-Varying Approach By Guglielmo Maria Caporale; Abdurrahman Nazif Catik; Gül Serife Huyugüzel Kisla; Mohamad Husam Helmi; Coskun Akdeniz
  4. Crude Oil Price Changes and Inflation: Evidence for Asia and the Pacific Economies By Jiranyakul, Komain
  5. Oil prices and fiscal policy in an oil-exporter country: empirical evidence from Oman By Aljabri, Salwa; Raghavan, Mala; Vespignani, Joaquin

  1. By: Mohsin, Ali; Karim, Emadul
    Abstract: This Study aims to determine the Role of Client Relationship Marketing in the Banking Sector of Pakistan. In today world the only organization that can compete in the Market if they rely on Relationship Marketing through which they can have better understanding of the Customer. Relationship Marketing helps the organization to understand the needs, wants and demands of the Customer and try to fulfill each demand of the Customer. Through Relationship Marketing the level of Customer satisfaction is increase and organization easily gain the Customer Loyalty. Organization has the upper edge on their competitor if they successfully implement the strategies of the Relationship Marketing. A proper implementation of the Client Relationship Marketing leads to achieve a higher level of performance. Relationship Marketing helps the organization to especially focus on the Customer thus improve the overall performance. The Sample Derived from the population for this study comprised of 325 respondents pertaining to the Retail Banking of Pakistan. The Close-Ended questionnaire was used to collect data from the respondents such as Bankers and Customers. Client relationship Marketing have a significant impact on the service quality which helps us to achieve customer trust and customer satisfaction. Once the organization win the Customer Trust and satisfied their customer through the level of Service Quality thus, we can achieve the Customer Loyalty. Therefore, it is recommended that organization can understand the importance of the Client Relationship Marketing and implement this to increase the Organization Performance by achieving the Customer Loyalty.
    Keywords: Relationship Marketing; Service Quality; Customer Satisfaction; Customer Trust and Customer Loyalty.
    JEL: G2 M31
    Date: 2020–08–10
  2. By: Jan J. J. Groen; Adam I. Noble
    Abstract: Oil prices have increased by nearly 60 percent since the summer of 2020, coinciding with an upward trend in global inflation. If higher oil prices are the result of constrained supply, then this could pose some stagflation risks to the growth outlook—a concern reflected in a June Financial Times article, “Why OPEC Matters.” In this post, we utilize the demand and supply decomposition from the New York Fed’s Oil Price Dynamics Report to argue that most of the oil price increase over the past year or so has reflected improving global demand expectations. We then illustrate what these changing global demand expectations might mean for near-term global inflation developments.
    Keywords: oil prices; global inflation
    JEL: E2 F00 G1
    Date: 2021–10–04
  3. By: Guglielmo Maria Caporale; Abdurrahman Nazif Catik; Gül Serife Huyugüzel Kisla; Mohamad Husam Helmi; Coskun Akdeniz
    Abstract: This paper analyses the effects of oil prices and exchange rates on sectoral stock returns in the BRICS-T countries over the period from 2 January 2001 to 22 March 2021. After estimating a benchmark linear model, the possible presence of structural breaks is investigated using the Bai and Perron (2003) tests, and a state-space model with time-varying parameters is then estimated. The main findings can be summarised as follows. Both the sub-samples and the time-varying estimates indicate a greater role for exchange rate returns. Oil prices have a positive and significant impact on the energy sector in all countries except India; a negative and significant one on the financial sector of Brazil, Russia, India, and South Africa; no effect on the transportation sector of Brazil, China, and South Africa, a negative one on those of India and Turkey, and a positive one in the case of Russia. The vulnerability of energy-dependent sectors to global fluctuations implies that appropriate energy policies should be adopted to reduce risk.
    Keywords: oil prices, exchange rates, sectoral stock returns, structural breaks, time-varying parameters
    JEL: G12 C50 C58
    Date: 2021
  4. By: Jiranyakul, Komain
    Abstract: This paper examines the influence of crude oil price on inflation in eight Asian and two of the pacific economies, which are oil-importing countries. The period of investigation is from 1987M5 to 2019M12. The results of bounds testing for cointegration reveal that there is a stable positive long-run relationship between the consumer price index and crude oil price in most of these countries during the period of low and less fluctuating oil prices. However, the stable long-run relationship is found in eight countries, but this stable relationship is found only in one country during the period of high and more fluctuating oil prices. The long-run pass-through of crude oil prices to consumer prices is partial. In the short run, the relationship between a crude oil price change and inflation indicates that the short-run pass-through is low in most cases, but this pass-through is more apparent during the period of high and more fluctuating oil prices. Therefore, the structural break seems to matter in the pass-through of crude oil price to consumer prices in both the long and short run. The findings suggest accommodative monetary policy measures to alleviate the inflation rate.
    Keywords: Crude oil price, inflation rate, structural break, oil-importing countries
    JEL: Q43
    Date: 2021–06
  5. By: Aljabri, Salwa (Tasmanian School of Business & Economics, University of Tasmania); Raghavan, Mala (Tasmanian School of Business & Economics, University of Tasmania); Vespignani, Joaquin (Tasmanian School of Business & Economics, University of Tasmania)
    Abstract: This paper studies the impact of oil price shocks on fiscal policy and real GDP in Oman using new unexplored data. We find that an oil price shock explains around 22% and 46% of the variation in the government revenue and GDP, respectively. Decomposing the government revenue and GDP further into petroleum and non-petroleum related components, we find that an oil price shock explains around 26% of the variation in petroleum revenue and 90% of the petroleum-GDP. Though petroleum and non-petroleum GDP respond positively to oil price shocks, government expenditure is not affected by oil prices but is affected by government revenue. The results suggest that the Omani government uses its reserve fund and local and international debt to smooth and reduce the impact of oil price fluctuations
    Keywords: oil price shocks, fiscal policy, GDP, SVAR
    JEL: C32 E17 E62 N15
    Date: 2021

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