How using derivatives affects bank stability in emerging countries? Evidence from the recent financial crisis

Mohamed Rochdi Keffala

Research in International Business and Finance, 2015, vol. 35, issue C, 75-87

Abstract: Based on banks exclusively from emerging countries over the whole period 2003–2011, this paper aims to investigate whether the use of derivative instruments are responsible in the amplification of the recent and global financial crisis. To do that, we measure the effect of derivatives use on stability of banks from emerging countries during 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.

Keywords: Banks; Derivatives; Stability; Emerging countries; Crisis; GMM (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:35:y:2015:i:c:p:75-87

DOI: 10.1016/j.ribaf.2015.03.007

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