Bank Recycling of Petro Dollars to Emerging Market Economies During the Current Oil Price Boom:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Wiegand, Johannes (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2008
Schriftenreihe:IMF Working Papers Working Paper No. 08/180
Links:http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
http://elibrary.imf.org/view/IMF001/09451-9781451870381/09451-9781451870381/09451-9781451870381.xml
Abstract:High oil prices have once again led to large external surpluses of oil exporting countries, similar to the 1970s and 1980s. This paper analyzes the extent to which (i) oil exporters use bank deposits to invest these surpluses, and (ii) banks are lending on these funds to emerging market economies. Bank recycling of petro dollars to emerging market economies is found to be almost as important as in the 1970s and 1980s, even though during the current boom, petro dollar bank flows tend to originate in countries like Russia, Libya, or Nigeria rather than in the Middle East. As one consequence, a fall in oil prices could yet again disrupt financing flows to emerging economies. Especially at risk could be countries that rely heavily on bank loans to finance external deficits, many of them in Emerging Europe
Umfang:1 Online-Ressource (26 p)
ISBN:1451870388
9781451870381