[Home ] [Archive]   [ فارسی ]  
:: Main :: About :: Current Issue :: Search :: Submit ::
Main Menu
Home::
Journal Information::
Articles archive::
For Authors::
For Reviewers::
Registration::
Contact us::
Site Facilities::
::
:: Volume 27, Issue 91 (Quarterly journal of economic research and policies 2019) ::
qjerp 2019, 27(91): 227-259 Back to browse issues page
Investigating the Effects of Oil Price Changes on Fragility of Banks in Iran, with an Emphasis on linkages between Macroeconomic and Banking Sector
Seyed Kamal Sadeghi * , Zahra Karimi , Reza Ranjpour , Reihaneh Larijani
Tabriz University , Sadeghiseyedkamal@gamil.com
Abstract:   (3304 Views)
In this paper, the linkages between oil price changes, macroeconomic fluctuations and fragility of banks in Iran have been examined by taking account of some macroeconomic variables as well as bank-level variables of 11 Iranian banks from 1384 to 1396. For the empirical investigation, dynamic panel data models have been used. The models have been estimated by Generalized Method of Moments and Panel Vector Autoregressive. The results suggest that a low growth of oil price has been led to a decreasing growth rate of loans, which cause a relatively slower growth rate of non-performing loans ratio (NPL). However, in most oil-exporting countries, the reduction of oil price growth lead to an increase in NPL. On the other hand, non-oil GDP growth and stock index growth have negative relationship with NPL. There is also a negative feedback relationship between NPL and non-oil GDP growth. An unfavorable oil price and non-oil GDP growth shocks would lead to an increases in NPL. As a result, the negative effect of non-oil GDP growth, due to the increases in NPL (Fragility of Banks) , has a negative effect on the real sector of economy.
Keywords: Macro-financial linkages, Non-performing Loans, Dynamic Panel Model, Generalized Method of Moments, Panel Vector Autoregressive
Full-Text [PDF 903 kb]   (591 Downloads)    
Type of Study: Research | Subject: Special
Send email to the article author

Add your comments about this article
Your username or Email:

CAPTCHA


XML   Persian Abstract   Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

Sadeghi S K, Karimi Z, Ranjpour R, Larijani R. Investigating the Effects of Oil Price Changes on Fragility of Banks in Iran, with an Emphasis on linkages between Macroeconomic and Banking Sector. qjerp 2019; 27 (91) :227-259
URL: http://qjerp.ir/article-1-2465-en.html


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Volume 27, Issue 91 (Quarterly journal of economic research and policies 2019) Back to browse issues page
فصلنامه پژوهشها و سیاستهای اقتصادی Journal of Economic Research and Policies
Persian site map - English site map - Created in 0.06 seconds with 37 queries by YEKTAWEB 4645