Oil Prices and Bank Profitability : : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa / / Heiko Hesse, Tigran Poghosyan

• Autore: Hesse Heiko
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2009
• Edizione: 1st ed.
• Descrizione fisica: 22 p. : ill
• Disciplina: 338.2;338.27282
• Soggetto topico: 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; 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
• Soggetto geografico: Saudi Arabia
• Altri autori: PoghosyanTigran
• Note generali: "October 2009."
• Nota di contenuto: 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?.
• Sommario/riassunto: 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.
• Titolo autorizzato: Oil Prices and Bank Profitability
• ISBN: 1-4623-9612-7; 1-4518-7367-0; 9786612844249; 1-4527-9445-6; 1-282-84424-5
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910812017003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2009/220