Oil Prices and Bank Profitability.

This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability. Our results indicate that oil price shocks have...

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Détails bibliographiques
Cote:Libro Electrónico
Auteur principal: Hesse, Heiko
Autres auteurs: Poghosyan, Tigran
Format: Électronique eBook
Langue:Inglés
Publié: Washington : International Monetary Fund, 2009.
Collection:IMF Working Papers.
Sujets:
Petroleum products > Prices > Middle East > Econometric models.
Petroleum products > Prices > Africa, North > Econometric models.
Banks and banking > Middle East > Econometric models.
Banks and banking > Africa, North > Econometric models.
Produits pétroliers > Prix > Afrique du Nord > Modèles économétriques.
Banks and banking > Econometric models
Petroleum products > Prices > Econometric models
North Africa
Middle East
Accès en ligne:Texto completo
Description
Résumé:This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country-specific macroeconomic and institutional variables, while the direct effect is insignificant. Investment banks appear to be the most affected ones compared to Islamic and commercial banks. Our findings highlight systemic implications.
Description matérielle:1 online resource (40 pages)
ISBN:9781452794457
1452794456

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