Bank Financial Stability and International Oil Prices: Evidence from Listed Russian Public Banks

IF 1.3 4区经济学 Q3 ECONOMICS

Eastern European Economics Pub Date : 2022-04-21 DOI:10.1080/00128775.2022.2064876

C. Albulescu

引用次数: 2

Abstract

ABSTRACT Using data on 17 listed public banks from Russia over the period 2008 to 2016, we analyze whether international oil prices affect the bank stability in an oil-dependent country. We resort to a Pool Mean Group (PMG) estimator, and we show that an increase in oil prices has a long-run positive effect on Russian public banks stability. While positive oil-price shocks contribute to bank stability in the long run, an opposite effect is recorded for negative shocks. However, no significant impact is documented in the short run. Our findings are robust to different bank stability specifications and different samples.

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银行金融稳定与国际油价:来自俄罗斯上市公共银行的证据

本文利用俄罗斯17家上市公共银行2008 - 2016年的数据，分析了国际油价是否会影响石油依赖型国家的银行稳定性。我们采用池均值组(PMG)估计器，并表明油价上涨对俄罗斯公共银行的稳定性具有长期的积极影响。从长期来看，积极的油价冲击有助于银行的稳定，而消极的油价冲击则会产生相反的效果。但是，在短期内没有记录到重大影响。我们的研究结果对不同的银行稳定性规范和不同的样本具有鲁棒性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Eastern European Economics ECONOMICS-

CiteScore

2.20

自引率

9.10%

发文量

期刊介绍： Eastern European Economics publishes original research on the newly emerging economies of Central and Eastern Europe, with coverage of the ongoing processes of transition to market economics in different countries, their integration into the broader European and global economies, and the ramifications of the 2008-9 financial crisis. An introduction by the journal"s editor adds context and expert insights on the articles presented in each issue.