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The Impact of the 2008 Global Financial Crisis on the Jordanian Banking Sector

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  • Fouzan Alqaisi

    (Department of Banking and Finance, Faculty of Business and Finance, American University of Madaba (AUM), Madaba, Jordan.)

Abstract

Key aspects of the global financial crisis (GFC) need to be uncovered and comprehended further in order to investigate its impact on the wider globalfinancial systems. The paper evaluates the impacts on the Jordanian banking sector since the financial market in Jordan is still underdeveloped and banks are the most important source of finance in the country. This would help to determine levels of stability and security within the Jordanian banking system. This paper aims to: (1) Investigate the roots and consequences of the 2008 GFC, and (2) explore whether this crisis affected the banking sector in Jordan or not. Data used from a sample of three Jordanian commercial banks during 2008 and 2010. The paper found that the crisis did not have major impacts on the Jordanian banking sector.

Suggested Citation

  • Fouzan Alqaisi, 2018. "The Impact of the 2008 Global Financial Crisis on the Jordanian Banking Sector," International Journal of Economics and Financial Issues, Econjournals, vol. 8(3), pages 127-136.
    • Handle: RePEc:eco:journ1:2018-03-16
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Global Financial Crisis; Banking Sector; Financial System; Jordan;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services

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