Terrorist attacks and bank financial stability: evidence from MENA economies
نویسندگان
چکیده
Abstract This study examines the impact of terrorism on bank stability, represented by risk and financial performance. We consider banks from 14 countries located in Middle East North Africa region for period 2010–2018 using both three-stage least-square generalised method moments. The results provide strong evidence that with high exposure to terrorist attack exhibit low due (i.e., credit insolvency risk). However, these show performance profitability cost efficiency), average. Our also differential impacts stability marked as more (less) exposed attacks. For high-income-generating countries, we find is associated risk, which opposite case low-income-generating countries. indicate systemic listed operating under exposure.
منابع مشابه
Financial Liberalization and Foreign Bank Entry in MENA
This paper analyzes the impacts of financial liberalization and foreign bank entry on competitiveness and soundness of domestic banking system as well as credit growth in association with financial sector development, focusing on MENA region’s comparative benchmarking performances with those of middle -income countries. We find that financial sector development is positively related to foreign ...
متن کاملBank Funding and Financial Stability
The crisis of 2007–2008 was a crisis of collateral. Since then, financial market participants – particularly in the euro area and the United States – have shown an increased appetite for secured lending. In short-term bank funding markets, there has been a pronounced shift towards repurchase arrangements. And covered bonds have gained in popularity in long-term funding markets. The cyclical fli...
متن کاملIndustry Effects of Recent Terrorist Attacks: Evidence From Singapore
In this paper, the impact of five recent terrorist attacks on equities listed on the Singapore Stock Exchange is examined. We analyse how these events affect the different sectors in Singapore, using the Global Industry Classification Standard. Employing a variety of parametric and non-parametric tests, the relationship between stock returns for equities listed in these sectors and terrorist at...
متن کاملBank failure: Evidence from the Colombian financial crisis
Bank-speci c determinants of bank failure during the nancial crisis in Colombia are identi ed and studied using duration analysis. The process of failure of banks and related nancial institutions during that period can be explained by di¤erences in nancial health and prudence across institutions. The capitalization ratio is the most signi cant indicator explaining bank failure. Increases in ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of Quantitative Finance and Accounting
سال: 2022
ISSN: ['1573-7179', '0924-865X']
DOI: https://doi.org/10.1007/s11156-022-01043-1