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Bank recycling of petro dollars to emerging market economies during the current oil price boom /
High oil prices have once again led to large external surpluses of oil exporting countries, similar to the 1970s and 1980s. This paper analyzes the extent to which (i) oil exporters use bank deposits to invest these surpluses, and (ii) banks are lending on these funds to emerging market economies. B...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Washington, D.C. :
International Monetary Fund, Research Dept.,
2008.
©2008 |
| Colección: | IMF working paper ;
WP/08/180. |
| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 082 | 0 | 4 | |a 332.820971 |2 23 |
| 049 | |a UAMI | ||
| 100 | 1 | |a Wiegand, Johannes, |e author. | |
| 245 | 1 | 0 | |a Bank recycling of petro dollars to emerging market economies during the current oil price boom / |c prepared by Johannes Wiegand. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, Research Dept., |c 2008. | ||
| 264 | 4 | |c ©2008 | |
| 300 | |a 1 online resource (26 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF working paper ; |v WP/08/180 | |
| 500 | |a "July 2008." | ||
| 504 | |a Includes bibliographical references (pages 21-22). | ||
| 520 | 3 | |a High oil prices have once again led to large external surpluses of oil exporting countries, similar to the 1970s and 1980s. This paper analyzes the extent to which (i) oil exporters use bank deposits to invest these surpluses, and (ii) banks are lending on these funds to emerging market economies. Bank recycling of petro dollars to emerging market economies is found to be almost as important as in the 1970s and 1980s, even though during the current boom, petro dollar bank flows tend to originate in countries like Russia, Libya, or Nigeria rather than in the Middle East. As one consequence, a fall in oil prices could yet again disrupt financing flows to emerging economies. Especially at risk could be countries that rely heavily on bank loans to finance external deficits, many of them in Emerging Europe. | |
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a I. Introduction; Figures; 1. Bank Flows to Emerging Markets, 1970-1985; 2. Emerging Markets: Current Account, 1970-2007; Tables; 1. Emerging Markets: Current Account Position by Region; 2. Oil Exporters: External Position and Deposit Flows into BIS-Reporting Banks, 2001-06; II. Data and Some Stylized Facts; III. Identification and Estimation Strategy; 3. Correlation of Deposit Outflows with the IMF Average Oil Price.; 3. Identifying and Estimating Petro-Dollar Bank Flows: Basic Scheme; 4. Identifying and Estimating Petro-Dollar Bank Flows: Extended Scheme; IV. Results | |
| 505 | 8 | |a A. Descriptive Statistics4. Quarterly Flows into and out of BIS Reporting Bank, Q2 2001-Q4 2006 ... ; B. Basic Estimation Results; 5. Cross-Border Loans, 1990-2007; 5. Basic Regression Results; C. Detailed Results; 6. Extended Regression Results; D. Region Specific Estimates; 6. Bank Loans by Recipient Region; E. Robustness Checks and Extensions; Parameter Stability; 7. Region Specific Estimates; 7. Regression Residuals; Dynamic Specifications; 8. Re-Recursive Estimation; Feedback and Reverse Causality; 8. Dynamic Specifications; Assets and Liabilities vs. Loans and Deposits; 9. Feedback | |
| 505 | 8 | |a 10. Assets and LiabilitiesV. Summary: Key Results and Implications for Emerging Market Vulnerabilities; 9. Non-Loan Asset Flows, 1996-2007; References; Appendices; I. Country and Territory Groupings; II. Detailed Descriptive Statistics | |
| 590 | |a ProQuest Ebook Central |b Ebook Central Academic Complete | ||
| 650 | 0 | |a Capital movements |x Econometric models. | |
| 650 | 0 | |a Banks and banking |x Econometric models. | |
| 650 | 0 | |a Petroleum industry and trade |x Economic aspects |x Econometric models. | |
| 650 | 6 | |a Mouvements de capitaux |x Modèles économétriques. | |
| 650 | 6 | |a Banques |x Modèles économétriques. | |
| 650 | 6 | |a Pétrole |x Industrie et commerce |x Aspect économique |x Modèles économétriques. | |
| 650 | 7 | |a Banks and banking |x Econometric models |2 fast | |
| 650 | 7 | |a Capital movements |x Econometric models |2 fast | |
| 650 | 7 | |a Internationale Kapitalmobilität. |2 stw | |
| 650 | 7 | |a Erdölpreis. |2 stw | |
| 650 | 7 | |a Kreditgeschäft. |2 stw | |
| 650 | 7 | |a Aufstrebende Märkte. |2 stw | |
| 710 | 2 | |a International Monetary Fund. |b Research Department. | |
| 758 | |i has work: |a Bank recycling of petro dollars to emerging market economies during the current oil price boom (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGGbFJRPK98WYbWMYJ8P73 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Wiegand, Johannes. |t Bank recycling of petro dollars to emerging market economies during the current oil price boom. |d Washington, D.C. : International Monetary Fund, Research Dept., 2008 |w (OCoLC)255574024 |
| 830 | 0 | |a IMF working paper ; |v WP/08/180. | |
| 856 | 4 | 0 | |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1607964 |z Texto completo |
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