Front Matter Page
International Monetary Fund - Middle East Center for Economics and Finance
Contents
Abstract
I. Introduction
II. Literature Review
III. Data and Methodology
A. Data
B. Methodology
IV. Determinants of Loan Quality
A. Multivariate Results
B. Robustness
V. PVAR Framework
A. Discussion of Results
B. Robustness
VI. Conclusions
Tables
1. Market Share in Assets of Commercial, Islamic, and Specialized Banks, 1993-2010
2. Market Share in Assets of State, Domestic, and Foreign Banks, 1993-2010
3. Fisher Panel Unit Root Tests
4. Pairwise Correlation among Macroeconomic Variables
5. Random Effects Estimation Results
6. One-step Generalized Method of Moments Dynamic Estimation Results
7. Effect of Changing to a Managed Exchange Rate Regime
8. Summary Statistics for Key Variables Entering the PVAR Model
9. Coefficient Estimates for the Baseline PVAR Model
10. Impulse-Response Magnitudes
11. Variance Decomposition
Figures
1. Size of the Banking Sector, 1993-2010 (Figures in Million USD)
2: Market Share in Loans, State vs. Foreign Banks, 1993-2010
3: Market Share in Treasury Bills, State vs. Foreign Banks, 1993-2010
4: Portfolio Composition, State vs. Foreign Banks, 1993-2010
5: Return on Average Equity, State vs. Foreign Banks, 1993-2010
6: Return on Average Assets, State vs. Foreign Banks, 1993-2010
7: Reserves for Impaired Loans/Total Loans, State vs. Foreign Banks, 1993-2010
8. Impulse Response Functions to Shocks, PVAR Baseline Model
9. Effect of Changing to a Managed Exchange Rate Regime
References
References