Oil Prices and Bank Profitability : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa /

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...

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Bibliographic Details
Main Author: Hesse, Heiko
Other Authors: Poghosyan, Tigran
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/220
Online Access:Full text available on IMF