Tunisia
Research Article
Political Uncertainty and Stock Bank Volatility in the Golf Countries
Author(s): Ghenimi A, Ilgia Hammami and Mohamed Ali Brahim OmriGhenimi A, Ilgia Hammami and Mohamed Ali Brahim Omri
This paper examines the impact of political uncertainty (caused by the civil uprisings in the Arab World i.e., “Arab Spring”) on the volatility of returns for 8 Islamic banks and 11 conventional banks in the Golf Countries (GCC).By distinguishing between Islamic and conventional banks, we find that these two groups of banks react heterogeneously to the recent political turmoil. Our main finding is as follows. We document a significant small increase in the volatility of Islamic and conventional banks duri.. Read More»
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