The Impact of Oil Prices on the Banking System in the GCC
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Summary:
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.
Series:
Working Paper No. 16/161
Subject:
Bank capital Banking sector Cooperation Council for the Arab States of the Gulf Econometric models Non-performing loans Oil prices Panel analysis Vector autoregression
English
Publication Date:
August 5, 2016
ISBN/ISSN:
9781475523393/1018-5941
Stock No:
WPIEA2016161
Format:
Paper
Pages:
23
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