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Islamic Banks and Profitability: An EmpericalAnalysis based on Indonesia ( LITERATURE REVIEW)
Finance & Accounting
Pages 21 (5271 words)
Islamic Banks and Profitability: An Empirical Analysis based on Indonesia By [Name of student] [Presented to] [Name of institution] [Date] LITERATURE REVIEW Introduction The literature review is based on the analysis of the Islamic banks and profitability in the context of Indonesia.
The economy was further in chaos with high inflation, negative investments, poor infrastructure, and crumbling infrastructures (Craig, et al, 2011). The new policies introduced in late 60s brought a bit of stability by bringing the inflation down and stabling the currency. In the mid 60s, Indonesia was the only Southeast Asia’s only country that was a part of OPEC and the high oil prices marked high growth and development that further strengthened the economy in a positive manner (De Mello, 2008). However, declining oil prices in early 80s slowed the overall economic growth and development. At the same time, wide arrays of policies were introduced to facilitate exports along with deregulating the financial sector (Goeltom, 2007). The manufacturing sector of Indonesia has marked significant growth and development that also attracted good amount of foreign direct investment early 2000s. It was also found that the public indebtedness mainly because of the mismanagement of the financial sector put extra pressure on the economy making the overall progress a bit slow and insignificant in late 2000s. ...
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