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The Impact of Oil Prices on the Banking System in the GCC
Author:
Padamja Khandelwal null

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Mr. Ken Miyajima
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Mr. Andre O Santos
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Series:
IMF Working Papers
Volume/Issue:
Volume 2016: Issue 161
Language:
English
Publication Date:
05 Aug 2016
DOI:
https://doi.org/10.5089/9781475523393.001
ISBN:
9781475523393
ISSN:
1018-5941
Pages:
23
Keywords:
WP; NPL ratio; oil price; price growth; GCC bank; Macro-financial linkages; nonperforming loans; panel vector autoregression; asset price appreciation; bank asset quality; Oil prices; Credit; Financial cycles; Capital adequacy requirements; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper examines the links between global oil price movements and macroeconomic and financial developments in the GCC. Using a range of multivariate panel approaches, including a panel vector autoregression approach, it finds strong empirical evidence of feedback loops between oil price movements, bank balance sheets, and asset prices. Empirical evidence also suggests that bank capital and provisioning have behaved countercyclically through the cycle.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund