06605oam 22015854 450 991095753190332120250426110136.0978661284424997814623961221462396127978145187367214518736709781452794457145279445697812828442471282844245(CKB)3170000000055368(SSID)ssj0000942988(PQKBManifestationID)11967156(PQKBTitleCode)TC0000942988(PQKBWorkID)10974701(PQKB)10409388(OCoLC)680613656(IMF)WPIEE2009220(MiAaPQ)EBC1608849(IMF)WPIEA2009220WPIEA2009220(EXLCZ)99317000000005536820020129d2009 uf 0engurcn|||||||||txtccrOil Prices and Bank Profitability : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa /Heiko Hesse, Tigran Poghosyan1st ed.Washington, D.C. :International Monetary Fund,2009.22 p. illIMF Working Papers"October 2009."9781451917871 1451917872 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?.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.IMF Working Papers; Working Paper ;No. 2009/220Petroleum productsPricesMiddle EastEconometric modelsPetroleum productsPricesAfrica, NorthEconometric modelsBanks and bankingMiddle EastEconometric modelsBanks and bankingAfrica, NorthEconometric modelsBank soundnessimfBankingimfBanks and BankingimfBanks and bankingimfBanksimfCapital and Ownership StructureimfCredit riskimfDeflationimfDepository InstitutionsimfEnergy: Demand and SupplyimfFinanceimfFinance: GeneralimfFinancial EconomicsimfFinancial regulation and supervisionimfFinancial Risk and Risk ManagementimfFinancial risk managementimfFinancial sector policy and analysisimfFinancial services law & regulationimfFinancial servicesimfFinancing PolicyimfGeneral Financial Markets: Government Policy and RegulationimfGoodwillimfInflationimfIslamic Banking and FinanceimfIslamic bankingimfIslamic countriesimfMacroeconomicsimfMicro Finance InstitutionsimfMortgagesimfOil pricesimfOther Economic Systems: Public EconomicsimfPanel Data ModelsimfPrice LevelimfPricesimfSpatio-temporal ModelsimfValue of FirmsimfSaudi ArabiaimfPetroleum productsPricesEconometric models.Petroleum productsPricesEconometric models.Banks and bankingEconometric models.Banks and bankingEconometric models.Bank soundnessBankingBanks and BankingBanks and bankingBanksCapital and Ownership StructureCredit riskDeflationDepository InstitutionsEnergy: Demand and SupplyFinanceFinance: GeneralFinancial EconomicsFinancial regulation and supervisionFinancial Risk and Risk ManagementFinancial risk managementFinancial sector policy and analysisFinancial services law & regulationFinancial servicesFinancing PolicyGeneral Financial Markets: Government Policy and RegulationGoodwillInflationIslamic Banking and FinanceIslamic bankingIslamic countriesMacroeconomicsMicro Finance InstitutionsMortgagesOil pricesOther Economic Systems: Public EconomicsPanel Data ModelsPrice LevelPricesSpatio-temporal ModelsValue of Firms338.2;338.27282Hesse Heiko1816008Poghosyan Tigran1815823International Monetary Fund.Middle East and Central Asia Dept.DcWaIMFBOOK9910957531903321Oil Prices and Bank Profitability4372807UNINA