alexa A Comparative Study of the Influence of Derivatives on Bank Stability in Emerging and Recently Developed Countries: Evidence from the Last Financial Crisis
E-ISSN: 2223-5833

Arabian Journal of Business and Management Review
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Research Article

A Comparative Study of the Influence of Derivatives on Bank Stability in Emerging and Recently Developed Countries: Evidence from the Last Financial Crisis

Keffala MR*

PhD from University of Lyon, France; Professor of Finance in Tunisia, Tunisia

*Corresponding Author:
Keffala MR
PhD University of Lyon, France
Professor of Finance in Tunisia, Tunisia
Tel: +33 4 37 37 26 70;
E-mail: [email protected]

Received Date: August 12, 2015;Accepted Date: October 19, 2015;Published Date: October 28, 2015

Citation: Keffala MR (2015) A Comparative Study of the Influence of Derivatives on Bank Stability in Emerging and Recently Developed Countries: Evidence from the Last Financial Crisis. Arabian J Bus Manag Review 6:180. 

Copyright: © 2015 Keffala MR. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

The major objective of this study is to inspect the differences in the effect of derivatives on the stability between banks from emerging countries and those from recently developed countries. According to the repercussions of the recent financial crisis, we divide the whole period on normal period “the pre-crisis period”, 2003-2006 and turbulent period “the crisis and post crisis period”, 2007-2011. We use the Generalized Methods of Moments (GMM) estimator technique developed by Blundell and Bond to estimate our regressions. Our main conclusions show that, in general, using derivatives by banks from emerging countries deteriorates their stability especially during the turbulent period, whereas, using derivatives do not weaken the stability of banks from recently developed countries. We deduce that banks from emerging countries are more destabilized by using derivatives than banks from recently developed countries.

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