The Impact of Oil Price Fluctuations on Bank Lending Power in Iran: An Application of GMM Approach

Q4 Economics, Econometrics and Finance Revista de Metodos Cuantitativos para la Economia y la Empresa Pub Date : 2022-09-19 DOI:10.46661/revmetodoscuanteconempresa.5537

Mohammad Abdi Seyyedkolaee, Majid Aghaei, Parisa Abbaspoor

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Abstract

The abundance of oil resources and the dependence of the state budget on crude oil exports have exposed Iran's single-product economy to oil price fluctuations and its consequences. On the other hand, according to the country's financial system and its being bank-centric, one of the sectors that are constantly affected by oil price fluctuations is the banking system and its performance. To this end, the present study investigated the impact of oil price fluctuations on lending power of specialized banks in Iran using seasonal data from 1999 to 2018 using by Generalized Method of Moments (GMM). The results of this study indicate that during the period under review, oil price fluctuations has been a negative and significant effect (coefficient of -0.01) on the credit growth of specialized banks. In addition, GDP growth and inflation have been, respectively, a positive and negative effect (coefficients of 0.09 and -0.09) on the lending power of specialized banks during the period under review.

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石油价格波动对伊朗银行贷款能力的影响:GMM方法的应用

石油资源的丰富和国家预算对原油出口的依赖使伊朗的单一产品经济受到石油价格波动及其后果的影响。另一方面，根据该国的金融体系及其以银行为中心的特点，不断受到油价波动影响的部门之一是银行体系及其绩效。为此，本研究利用1999年至2018年的季节数据，采用广义矩量法(GMM)研究了油价波动对伊朗专业银行贷款能力的影响。本研究结果表明，在本报告所述期间，油价波动对专业银行的信贷增长产生了负的显著影响(系数为-0.01)。此外，在本报告所述期间，国内生产总值增长和通货膨胀分别对专业银行的贷款能力产生正面和负面影响(系数分别为0.09和-0.09)。

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来源期刊

Revista de Metodos Cuantitativos para la Economia y la Empresa Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

0.80

自引率

0.00%

发文量

审稿时长

15 weeks

期刊介绍： The Journal of Quantitative Methods for Economics and Business Administration wants to be a useful mean of communication for all those who research on mathematical, statistical or econometrical techniques and their possible applications in the world of business and economy. It is edited by a group of professors in the Department of Economics, Quantitative Methods and Economic History Department at Pablo de Olavide University in Seville ( Spain ).