01873cas a2200253 a 4500 AALejournalIMF006101 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873672 1018-5941 BD-DhAAL BD-DhAAL Hesse, Heiko. Oil Prices and Bank Profitability : Evidence From Major Oil-Exporting Countries in the Middle East and North Africa / Heiko Hesse, Tigran Poghosyan. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (23 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country-specific macroeconomic and institutional variables, while the direct effect is insignificant. Investment banks appear to be the most affected ones compared to Islamic and commercial banks. Our findings highlight systemic implications of oil price shocks on bank performance and underscore their importance for macroprudential regulation purposes in MENA countries. Mode of access: Internet Poghosyan, Tigran. IMF Working Papers; Working Paper ; No. 2009/220 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/220/001.2009.issue-220-en.xml IMF e-Library