An empirical investigation of oil-macro-financial linkages in Saudi Arabia /

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Bibliographic Details
Author / Creator:Miyajima, Ken, 1971- (IMF staff)
Imprint:[Washington, D.C.] : International Monetary Fund, 2016.
©2016
Description:1 online resource (23 pages) : color illustrations.
Language:English
Series:IMF Working Paper, 1018-5941 ; WP/16/22
IMF working paper ; WP/16/22.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12504865
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Other authors / contributors:International Monetary Fund. Middle East and Central Asia Department.
ISBN:1498330320
9781498330329
9781498330329
ISSN:1018-5941
Notes:"February 2016."
"Middle East and Central Asia."
Includes bibliographical references (pages 21-22).
Online resource; title from pdf title page (IMF.org Web site, viewed March 31, 2016).
Summary:Oil-macro-financial linkages in Saudi Arabia are analyzed by applying panel econometric frameworks (multivariate and vector autoregression) to macroeconomic and bank-level balance sheet data for 9 banks spanning 1999- 014. 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.--Abstract.
Other form:Print Version: Miyajima, Ken. An Empirical Investigation of Oil-Macro-Financial Linkages in Saudi Arabia. Washington, D.C. : International Monetary Fund, 2016 9781498330329
Standard no.:10.5089/9781498330329.001