Bank Financial Stability and International Oil Prices: Evidence from Listed Russian Public Banks
نویسندگان
چکیده
Using data on 17 listed public banks from Russia over the period 2008 to 2016, we analyze whether international oil prices affect bank stability in an oil-dependent country. We resort a Pool Mean Group (PMG) estimator, and show that increase has long-run positive effect Russian stability. While oil-price shocks contribute long run, opposite is recorded for negative shocks. However, no significant impact documented short run. Our findings are robust different specifications samples.
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ژورنال
عنوان ژورنال: Eastern European Economics
سال: 2022
ISSN: ['1557-9298', '0012-8775']
DOI: https://doi.org/10.1080/00128775.2022.2064876