Oil Prices and Bank Profitability : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa »
Series: IMF Working Papers
Author(s): Heiko Hesse , and Tigran Poghosyan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 October 2009
Keywords: bank profitability, oil price shocks, system GMM, banking, exporting countries, bank performance,
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 o...