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Coping with Falling Oil Prices
The Different Fortunes of African Banks

by Cheikh A. Gueye, Asithandile Mbelu, and Amadou N. Sy

Series:Working Paper No. 19/129
ISBN 9781498317795
Code: #WPIEA2019129

Publication year: 2019

Cdn: $27.00; US: $25.00
Paperback
Language: English
28 pages
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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.
Coping with Falling Oil Prices
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 125151 Added: 2019.6.20