LEADER 05650oam 22014654 450 001 9910788225003321 005 20230721045712.0 010 $a1-4623-9612-7 010 $a1-4518-7367-0 010 $a9786612844249 010 $a1-4527-9445-6 010 $a1-282-84424-5 035 $a(CKB)3170000000055368 035 $a(SSID)ssj0000942988 035 $a(PQKBManifestationID)11967156 035 $a(PQKBTitleCode)TC0000942988 035 $a(PQKBWorkID)10974701 035 $a(PQKB)10409388 035 $a(OCoLC)680613656 035 $a(MiAaPQ)EBC1608849 035 $a(IMF)WPIEE2009220 035 $a(EXLCZ)993170000000055368 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aOil Prices and Bank Profitability : $eEvidence From Major Oil-Exporting Countries in the Middle East and North Africa /$fHeiko Hesse, Tigran Poghosyan 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a22 p. $cill 225 1 $aIMF Working Papers 300 $a"October 2009." 311 $a1-4519-1787-2 330 3 $aThis paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country-specific macroeconomic and institutional variables, while the direct effect is insignificant. Investment banks appear to be the most affected ones compared to Islamic and commercial banks. Our findings highlight systemic implications of oil price shocks on bank performance and underscore their importance for macroprudential regulation purposes in MENA countries. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/220 606 $aPetroleum products$xPrices$zMiddle East$xEconometric models 606 $aPetroleum products$xPrices$zAfrica, North$xEconometric models 606 $aBanks and banking$zMiddle East$xEconometric models 606 $aBanks and banking$zAfrica, North$xEconometric models 606 $aBanks and Banking$2imf 606 $aFinance: General$2imf 606 $aMacroeconomics$2imf 606 $aIslamic Banking and Finance$2imf 606 $aInflation$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $a'Panel Data Models$2imf 606 $aSpatio-temporal Models'$2imf 606 $aEnergy: Demand and Supply$2imf 606 $aPrices$2imf 606 $aGeneral Financial Markets: Government Policy and Regulation$2imf 606 $aFinancing Policy$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aCapital and Ownership Structure$2imf 606 $aValue of Firms$2imf 606 $aGoodwill$2imf 606 $aOther Economic Systems: Public Economics$2imf 606 $aFinancial Economics$2imf 606 $aPrice Level$2imf 606 $aDeflation$2imf 606 $aFinance$2imf 606 $aBanking$2imf 606 $aFinancial services law & regulation$2imf 606 $aOil prices$2imf 606 $aBank soundness$2imf 606 $aCredit risk$2imf 606 $aIslamic banking$2imf 606 $aFinancial sector policy and analysis$2imf 606 $aFinancial regulation and supervision$2imf 606 $aFinancial services$2imf 606 $aBanks and banking$2imf 606 $aFinancial risk management$2imf 606 $aIslamic countries$2imf 607 $aSaudi Arabia$2imf 615 0$aPetroleum products$xPrices$xEconometric models. 615 0$aPetroleum products$xPrices$xEconometric models. 615 0$aBanks and banking$xEconometric models. 615 0$aBanks and banking$xEconometric models. 615 7$aBanks and Banking 615 7$aFinance: General 615 7$aMacroeconomics 615 7$aIslamic Banking and Finance 615 7$aInflation 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$a'Panel Data Models 615 7$aSpatio-temporal Models' 615 7$aEnergy: Demand and Supply 615 7$aPrices 615 7$aGeneral Financial Markets: Government Policy and Regulation 615 7$aFinancing Policy 615 7$aFinancial Risk and Risk Management 615 7$aCapital and Ownership Structure 615 7$aValue of Firms 615 7$aGoodwill 615 7$aOther Economic Systems: Public Economics 615 7$aFinancial Economics 615 7$aPrice Level 615 7$aDeflation 615 7$aFinance 615 7$aBanking 615 7$aFinancial services law & regulation 615 7$aOil prices 615 7$aBank soundness 615 7$aCredit risk 615 7$aIslamic banking 615 7$aFinancial sector policy and analysis 615 7$aFinancial regulation and supervision 615 7$aFinancial services 615 7$aBanks and banking 615 7$aFinancial risk management 615 7$aIslamic countries 700 $aHesse$b Heiko$01472688 701 $aPoghosyan$b Tigran$01476622 712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788225003321 996 $aOil Prices and Bank Profitability$93741554 997 $aUNINA