Abstract:The banking industry is one of the main regulators of the economy; therefore, a possible decline in performance or risk to operations could trigger a chain of unexpected economic events. In consideration of this, this paper sought to evaluate the risk imposed by the oil and gas sector on the banking industry in the United Kingdom (UK) by evaluating the spillover effects and the exposure of the banking industry to shocks caused by changes in oil prices. In order to reach this objective, the present study evalua… Show more
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