LEADER 03635nam 2200649Ia 450 001 9910812017003321 005 20200520144314.0 010 $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(IMF)WPIEE2009220 035 $a(MiAaPQ)EBC1608849 035 $a(EXLCZ)993170000000055368 100 $a20100308d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aOil prices and bank profitability $eevidence from major oil-exporting countries in the Middle East and North Africa /$f[Tigran Poghosyan and Heiko Hesse] 205 $a1st ed. 210 $a[Washington, D.C.] $cInternational Monetary Fund, Middle East and Central Asia Dept.$d2009 215 $a22 p. $cill 225 1 $aIMF working paper ;$vWP/09/220 300 $a"October 2009." 311 $a1-4519-1787-2 327 $aIntro -- 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?. 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 paper ;$vWP/09/220. 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$xEconometric models 615 0$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. 676 $a338.2;338.27282 700 $aPoghosyan$b Tigran$01600315 701 $aHesse$b Heiko$01600314 712 02$aInternational Monetary Fund.$bMiddle East and Central Asia Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910812017003321 996 $aOil Prices and Bank Profitability$93923357 997 $aUNINA