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Oil Prices and Bank Profitability [electronic resource] : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa, Hesse, Heiko.

Author/Creator:
Hesse, Heiko.
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 09/220.
IMF Working Papers; Working Paper No. 09/220
Format/Description:
Government document
Book
1 online resource (23 p.)
Local subjects:
Bank assets.
Bank balance sheet.
Bank balance sheets.
Bank behavior.
Bank capitalization.
Bank credit.
Bank interest.
Bank interest margins.
Bank interest rate.
Bank lending.
Bank liquidity.
Bank managers.
Bank of greece.
Bank owners.
Bank performance.
Bank profit.
Bank profitability.
Bank profits.
Bank size.
Banking.
Banking industries.
Banking industry.
Banking sector.
Banking sectors.
Banking system.
Banks.
Capital adequacy.
Commodity price fluctuations.
Domestic demand.
Domestic economy.
Excess liquidity.
Exporting countries.
External shocks.
Global shocks.
Imperfect competition.
Oil exporting countries.
Oil exports.
Oil prices.
Oil revenues.
Oil sector.
Oil shock.
Perfect competition.
Price fluctuations.
Profits.
Return on assets.
Revenue source.
Algeria.
Bahrain.
Iran, Islamic Republic of.
Kuwait.
Libyan Arab Jamahiriya.
Saudi Arabia.
United Arab Emirates.
Summary:
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 of oil price shocks on bank performance and underscore their importance for macroprudential regulation purposes in MENA countries.
Notes:
Description based on print version record.
Contributor:
Hesse, Heiko.
Poghosyan, Tigran.
Other format:
Print Version:
ISBN:
1451873670:
9781451873672
ISSN:
1018-5941
Publisher Number:
10.5089/9781451873672.001
Access Restriction:
Restricted for use by site license.
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