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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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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Hesse, Heiko
Otros Autores: Poghosyan, Tigran
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Oil Prices and Bank Profitability. 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
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490 1 |a IMF Working Papers ;  |v v. Working Paper No. 09/220 
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505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Methodology and Data; A. Estimation Methodology and Hypothesis Testing Strategy; 1. Hypothesis Testing Strategy; B. Data; 1. Descriptive Statistics; 2. Mean Bank Profitability Across Countries; 3. Mean Bank Profitability Across Bank Specialization; 2. Dynamics of Four Measures of the Oil Price Shock; 3. Correlation of Macro Variables and Oil Price Shocks; III. Estimation Results; 4. Do Oil Prices Matter?; 5. Which Banks Are Most Affected?; 6. Is There An Indirect Oil Price Effect? 
505 8 |a 7. Has the Financial Crisis Had An Impact?8. Which Banks Are Most Affected?; IV. Conclusions; References; Footnotes. 
520 |a 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. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Petroleum products  |x Prices  |z Middle East  |x Econometric models. 
650 0 |a Petroleum products  |x Prices  |z Africa, North  |x Econometric models. 
650 0 |a Banks and banking  |z Middle East  |x Econometric models. 
650 0 |a Banks and banking  |z Africa, North  |x Econometric models. 
650 6 |a Produits pétroliers  |x Prix  |z Afrique du Nord  |x Modèles économétriques. 
650 7 |a Banks and banking  |x Econometric models  |2 fast 
650 7 |a Petroleum products  |x Prices  |x Econometric models  |2 fast 
651 7 |a North Africa  |2 fast 
651 7 |a Middle East  |2 fast 
700 1 |a Poghosyan, Tigran. 
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776 0 8 |i Print version:  |a Hesse, Heiko.  |t Oil Prices and Bank Profitability: Evidence from Major Oil-Exporting Countries in the Middle East and North Africa.  |d Washington : International Monetary Fund, ©2009  |z 9781451873672 
830 0 |a IMF Working Papers. 
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