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Oil booms, bank productivity and natural resource curse in finance
Using a rich monthly microdata, this study is the first one to investigate the effect of commodity booms on bank productivity in the context of resource-endowed economies. Consistent with the axiom of a natural resource curse in finance, we find significant decline in banks’ total factor productivity (TFP) during episodes of oil booms.
Economic and Social Research Council (ESRC), UK and the UK Department for International Development (DFID) , Grant No. ES/N013344/2
- Business and Economics