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An Empirical Investigation of Oil-Macro-Financial Linkages in Saudi Arabia

Oil-macro-financial linkages in Saudi Arabia are analyzed by applying panel econometric frameworks (multivariate and vector autoregression) to maceoeconomic and bank-level balance sheet data for 9 banks spanning 1999–2014. Lower growth of oil prices and non-oil private sector output leads to slower...

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Bibliographic Details
Main Author: Miyajima, Ken
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Energy: Demand And Supply
Credit
Public Administration
Banks
Finance
Banks And Banking
Industries: Financial Services
Financial Statements
Mortgages
Money
Accounting
Public Sector Accounting And Audits
Macroeconomics
Public Financial Management (pfm)
Banking
Financial Reporting, Financial Statements
Depository Institutions
Institutional Investors
Oil Prices
Pension Funds
Stocks
Monetary Economics
Financial Institutions
Computational Techniques
Financial Instruments
Micro Finance Institutions
Monetary Policy, Central Banking, And The Supply Of Money And Credit: General
Financial Institutions And Services: Government Policy And Regulation
Nonperforming Loans
Non-bank Financial Institutions
Loans
Investments: Stocks
Finance, Public; Accounting
Financial Markets And The Macroeconomy
Prices
Investment & Securities
Money And Monetary Policy
Saudi Arabia
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Oil-macro-financial linkages in Saudi Arabia are analyzed by applying panel econometric frameworks (multivariate and vector autoregression) to maceoeconomic and bank-level balance sheet data for 9 banks spanning 1999–2014. Lower growth of oil prices and non-oil private sector output leads to slower credit and deposit growth and higher nonperforming loan ratios, with feedback loops within bank balance sheets which in turn dampens economic activity. U.S. interest rates are not found to be a key determinant
Physical Description:23 pages
ISBN:9781498330329

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