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...

Full description

Bibliographic Details
Main Author: Miyajima, Ken
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2016
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
LEADER 02795nmm a2200697 u 4500
001 EB001309050
003 EBX01000000000000000893662
005 00000000000000.0
007 cr|||||||||||||||||||||
008 161223 ||| eng
020 |a 9781498330329 
100 1 |a Miyajima, Ken 
245 0 0 |a An Empirical Investigation of Oil-Macro-Financial Linkages in Saudi Arabia  |c Ken Miyajima 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2016 
300 |a 23 pages 
651 4 |a Saudi Arabia 
653 |a Finance, Public 
653 |a Energy: Demand and Supply 
653 |a Public Administration 
653 |a Credit 
653 |a Banks 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Financial statements 
653 |a Mortgages 
653 |a Money 
653 |a Accounting 
653 |a Public Sector Accounting and Audits 
653 |a Macroeconomics 
653 |a Public financial management (PFM) 
653 |a Banking 
653 |a Financial reporting, financial statements 
653 |a Depository Institutions 
653 |a Institutional Investors 
653 |a Oil prices 
653 |a Pension Funds 
653 |a Stocks 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Computational Techniques 
653 |a Financial Instruments 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Nonperforming loans 
653 |a Non-bank Financial Institutions 
653 |a Loans 
653 |a Banks and Banking 
653 |a Investments: Stocks 
653 |a Financial Markets and the Macroeconomy 
653 |a Prices 
653 |a Investment & securities 
653 |a Money and Monetary Policy 
041 0 7 |a eng  |2 ISO 639-2 
989 |b IMF  |a International Monetary Fund 
490 0 |a IMF Working Papers 
028 5 0 |a 10.5089/9781498330329.001 
856 4 0 |u https://elibrary.imf.org/view/journals/001/2016/022/001.2016.issue-022-en.xml?cid=43702-com-dsp-marc  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a 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