alexa Abstract | 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
Open Access

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Research Article Open Access

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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Author(s): Keffala MR

Keywords

Banks, Derivatives, Stability, Emerging countries, Recently developed countries, Crisis, GMM, General finance, HRM, Microfinance, Multinational finance, Business Research, Corporate governance system, Financial Management services, Managerial accounting, Health Management, Logistics management , Entrepreneurship , CRM, BCM, Risk management

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