COVID-19 pandemic impact on banking sector: A cross-country analysis
Journal of Multinational Financial Management
; 67:100784, 2023.
Article
in English
| ScienceDirect | ID: covidwho-2221182
ABSTRACT
This study examines the effects of the COVID-19 outbreak on the performance and stability of the banking sector. Our sample consists of 2073 banks in 106 countries from 2016Q1 to 2021Q2. We employ several alternative bank performance and stability measures for a comprehensive analysis and robustness. The findings show that the COVID-19 outbreak has significantly reduced bank performance and stability. These results are consistently observed across several geographical regions and countries' income classifications. Additional analysis shows that the adverse impact of COVID-19 depends on the characteristics of the bank and market structure. While a better regulatory environment, institutional quality, and financial development have significantly increased the strength and resilience of banks. These findings provide practical implications for regulators and policymakers in the face of unprecedented uncertainty caused by the COVID-19 pandemic.
Full text:
Available
Collection:
Databases of international organizations
Database:
ScienceDirect
Type of study:
Experimental Studies
/
Randomized controlled trials
Language:
English
Journal:
Journal of Multinational Financial Management
Year:
2023
Document Type:
Article
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