Purpose

Serious concerns about the stability of the international financial systems have arisen recently, resulting from the mounting inflation rates and the accompanying procedures to control them. Consequently, this study aims at examining empirically the impact of inflationary pressures/shocks on the stability of banking sectors.

Design/methodology/approach

The study adopts a dynamic GMM models and exploits a sample of 188 banks operating in 14 MENA economies, over the period 1999–2021.

Findings

This research finds that high inflation does indeed harm bank financial stability and deteriorates banks credit risk. Furthermore, the examination of the impact of interaction terms between inflation and bank-specific and institutional quality variables shows that better capitalisation levels, higher liquidity buffers, larger asset size, greater market power, foreign ownership and overall political stability, all can counterbalance the impact of inflationary pressures on MENA banks financial stability.

Originality/value

In addition to empirically revealing how inflationary shocks can deteriorate financial stability, the main novelty of this research is examining how the interactions between inflation on one hand, and bank-specific and institutional quality on the other, affect bank stability.

中文翻译：

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通货膨胀对银行稳定性的影响：来自中东和北非银行的证据

目的

由于通货膨胀率不断上升以及随之而来的控制程序，最近出现了对国际金融体系稳定性的严重担忧。因此，本研究旨在实证检验通胀压力/冲击对银行业稳定性的影响。

设计/方法论/途径

该研究采用动态 GMM 模型，并利用 1999 年至 2021 年期间在 14 个中东和北非经济体运营的 188 家银行作为样本。

发现

研究发现，高通胀确实损害了银行金融稳定，恶化了银行信用风险。此外，对通货膨胀与银行特定变量和制度质量变量之间相互作用项的影响的研究表明，更好的资本水平、更高的流动性缓冲、更大的资产规模、更大的市场力量、外资所有权和整体政治稳定，都可以抵消这种影响。通胀压力对中东和北非地区银行金融稳定的影响。

原创性/价值

除了从实证上揭示通胀冲击如何恶化金融稳定之外，这项研究的主要新颖之处在于研究了通胀与银行特定质量和制度质量之间的相互作用如何影响银行稳定性。