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Record Nr. |
UNINA9910957531903321 |
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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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9786612844249 |
9781462396122 |
1462396127 |
9781451873672 |
1451873670 |
9781452794457 |
1452794456 |
9781282844247 |
1282844245 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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Collana |
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Altri autori (Persone) |
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Disciplina |
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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 |
Bank soundness |
Banking |
Banks and Banking |
Banks and banking |
Banks |
Capital and Ownership Structure |
Credit risk |
Deflation |
Depository Institutions |
Energy: Demand and Supply |
Finance |
Finance: General |
Financial Economics |
Financial regulation and supervision |
Financial Risk and Risk Management |
Financial risk management |
Financial sector policy and analysis |
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Financial services law & regulation |
Financial services |
Financing Policy |
General Financial Markets: Government Policy and Regulation |
Goodwill |
Inflation |
Islamic Banking and Finance |
Islamic banking |
Islamic countries |
Macroeconomics |
Micro Finance Institutions |
Mortgages |
Oil prices |
Other Economic Systems: Public Economics |
Panel Data Models |
Price Level |
Prices |
Spatio-temporal Models |
Value of Firms |
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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Nota di contenuto |
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Intro -- Contents -- I. Introduction -- II. Methodology and Data -- A. Estimation Methodology and Hypothesis Testing Strategy -- B. Data -- III. Estimation Results -- IV. Conclusions -- References -- Figures -- 1. Hypothesis Testing Strategy -- 2. Dynamics of Four Measures of the Oil Price Shock -- 3. Correlation of Macro Variables and Oil Price Shocks -- Tables -- 1. Descriptive Statistics -- 2. Mean Bank Profitability Across Countries -- 3. Mean Bank Profitability Across Bank Specialization -- 4. Do Oil Prices Matter? -- 5. Which Banks Are Most Affected? -- 6. Is There An Indirect Oil Price Effect? -- 7. Has the Financial Crisis Had An Impact? -- 8. Which Banks Are Most Affected?. |
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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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