Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259264 
Year of Publication: 
2021
Citation: 
[Journal:] Comparative Economic Research. Central and Eastern Europe [ISSN:] 2082-6737 [Volume:] 24 [Issue:] 1 [Publisher:] Łódź University Press [Place:] Łódź [Year:] 2021 [Pages:] 141-157
Publisher: 
Łódź University Press, Łódź
Abstract: 
The article attempts to develop a methodology for a comparative assessment of the economic efficiency of banks, including traditional and Islamic banking mod- els. The assessment shows that the stability of financial institutions in Azerbaijan is lower compared to banks where Islamic banking is used. The assessment also shows that there is a strong dependence of the GDP growth rate on the sub-in- dices of the effectiveness of financial institutions in Azerbaijan, Turkey, and Iran. The methodology of linear regression and a composite index of the economic ef- ficiency of banks are applied. The assessment shows that the influence of the sta- bility of the financial system on economic growth in Azerbaijan, Iran, and Turkey is different. The economic growth rate and the ratio of bank loans to bank deposits in Azerbaijan and Turkey are positively related, but negatively in Iran.
Subjects: 
financial institutions
access to financial institutions
the depth of financial institutions
the effectiveness of financial institutions
the stability of financial institutions
JEL: 
G21
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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