Analyzing macroeconomic impacts of oil price changes requires first to investigate different sources of these changes … framework. It models a small open economy and the rest of the world together to discover both accompanying effects of oil price …

This paper analyzes the relationship between oil price shocks and bank profitability. Using data on 145 banks in 11 oil …-exporting MENA countries for 1994-2008, we test hypotheses of direct and indirect effects of oil price shocks on bank profitability …. Our results indicate that oil price shocks have indirect effect on bank profitability, channeled through country …

Intro -- Content -- I. INTRODUCTION -- II. OIL PRICE VOLATILITY -- III. THE DEMAND AND SUPPLY OF CRUDE OIL -- IV. ROLE …