In this paper, we evaluate stock performance of Islamic banks relative to their conventional counterparts during the initial phase of the COVID-19 crisis (from December 31, 2019 to March 31, 2020). Using a total of 426 banks from 48 countries, we find that stock returns of Islamic banks were...

Using a sample of 421 banks from 17 countries, we find that lending growth of Islamic banks and conventional banks decreased during the initial phase of the COVID-19 crisis. However, the decrease is significant for conventional banks only. In fact, credit growth for Islamic banks grew around...

Using a sample of 421 banks from 17 countries, we find that lending growth of Islamic banks and conventional banks decreased during the initial phase of the COVID-19 crisis. However, the decrease is significant for conventional banks only. In fact, credit growth for Islamic banks grew around...

We present CoMargin, a new methodology to estimate collateral requirements for central counterparties (CCPs) in derivatives markets. CoMargin depends on both the tail risk of a given market participant and its interdependence with other participants. Our approach internalizes market...

We present CoMargin, a new methodology to estimate collateral requirements in derivatives central counterparties (CCPs). CoMargin depends on both the tail risk of a given market participant and its interdependence with other participants. Our approach internalizes trading externalities and...

The recent financial crisis has focused attention on identifying and measuring systemic risk. In this paper, we propose a novel approach to estimate the portfolio composition of banks as function of daily interbank trades and stock returns. While banks’ assets are reported to regulators...