Bank financial stability and international oil prices: Evidence from listed Russian public banks

Claudiu Tiberiu Albulescu (1)

1 CRIEF [Poitiers] - Centre de recherche sur l'intégration économique et financière

Using data on 17 listed public banks from Russia over the period 2008 to 2016, we analyse 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.

Mots clés: bank financial stability; international oil prices; bank valuation; Russian public banks; panel data estimation

Domaines: Finance quantitative [q-fin.CP]

Claudiu Tiberiu Albulescu. Bank financial stability and international oil prices: Evidence from listed Russian public banks. 2022. ⟨hal-02554299v2⟩