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Coping with Falling Oil Prices: The Different Fortunes of African Banks
Cheikh A. GueyeAsithandile MbeluMr.Amadou N Sy
出版International Monetary Fund, 2019-06-17
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Banks & BankingBusiness & Economics / Industries / Financial Services
ISBN14983204149781498320412
URLhttp://books.google.com.hk/books?id=fvqiDwAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋This paper studies the impact of declining oil prices on banks in sub-Saharan African oil-exporting countries. Results indicate that banks respond differently to an oil shock depending on their ownership: (i) domestic banks are the most adversely impacted and experience a deterioration in asset quality and liquidity; (ii) foreign-owned banks are the most resilient as they are able to improve asset quality and attract deposits but at the same time, they decelerate credit growth; in contrast, (iii) Pan-African Banks help stabilize overall credit but large banks in that segment experience reduced asset quality. These differentiated results suggest a tradeoff between maintaining credit growth and safeguarding financial stability in an oil slump which could be addressed by both micro- and macroprudential policies.