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Record Nr. |
UNINA9910788225003321 |
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Autore |
Hesse Heiko |
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Titolo |
Oil Prices and Bank Profitability : : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa / / Heiko Hesse, Tigran Poghosyan |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-9612-7 |
1-4518-7367-0 |
9786612844249 |
1-4527-9445-6 |
1-282-84424-5 |
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Descrizione fisica |
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Collana |
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Altri autori (Persone) |
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Soggetti |
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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 |
Banks and Banking |
Finance: General |
Macroeconomics |
Islamic Banking and Finance |
Inflation |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
'Panel Data Models |
Spatio-temporal Models' |
Energy: Demand and Supply |
Prices |
General Financial Markets: Government Policy and Regulation |
Financing Policy |
Financial Risk and Risk Management |
Capital and Ownership Structure |
Value of Firms |
Goodwill |
Other Economic Systems: Public Economics |
Financial Economics |
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Price Level |
Deflation |
Finance |
Banking |
Financial services law & regulation |
Oil prices |
Bank soundness |
Credit risk |
Islamic banking |
Financial sector policy and analysis |
Financial regulation and supervision |
Financial services |
Banks and banking |
Financial risk management |
Islamic countries |
Saudi Arabia |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Sommario/riassunto |
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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. |
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