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...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Wiegand, Johannes (Autor)
Autor Corporativo: International Monetary Fund. Research Department
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, Research Dept., 2008.
©2008
Colección:IMF working paper ; WP/08/180.
Temas:
Capital movements > Econometric models.
Banks and banking > Econometric models.
Petroleum industry and trade > Economic aspects > Econometric models.
Mouvements de capitaux > Modèles économétriques.
Banques > Modèles économétriques.
Pétrole > Industrie et commerce > Aspect économique > Modèles économétriques.
Banks and banking > Econometric models
Capital movements > Econometric models
Internationale Kapitalmobilität.
Erdölpreis.
Kreditgeschäft.
Aufstrebende Märkte.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • 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
  • 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
  • 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

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