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. 2016/161
Subject:
Banking Capital adequacy requirements Credit Financial cycles Financial institutions Financial regulation and supervision Financial sector policy and analysis Money Nonperforming loans Oil prices Prices
English
Publication Date:
August 5, 2016
ISBN/ISSN:
9781475523393/1018-5941
Stock No:
WPIEA2016161
Pages:
23
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