Bank Lending Channel and Monetary Policy in Nigeria

Matousek, R. and Solomon, H. 2018. Bank Lending Channel and Monetary Policy in Nigeria. Research in International Business and Finance. 45, pp. 467-474. https://doi.org/10.1016/j.ribaf.2017.07.180

TitleBank Lending Channel and Monetary Policy in Nigeria
TypeJournal article
AuthorsMatousek, R. and Solomon, H.
Abstract

We find that the Central Bank of Nigeria's (CBN) policy of consolidation and restructuring from 2002 to 2008 strengthened the bank lending channel (BLC). We use the Generalised Method of Moments (GMM) two step estimator to test the existence of the BLC using a sample of 23 banks. Our results show that the loan growth is more sensitive to changes in bank size and capitalization. Furthermore, the central bank's restructuring activities improved the impact of the BLC.

KeywordsMonetary Transmssion Mechanism, Bank Lending Channel, Panel, Nigeria, GMM
JournalResearch in International Business and Finance
Journal citation45, pp. 467-474
ISSN0275-5319
Year2018
PublisherElsevier
Accepted author manuscript
Digital Object Identifier (DOI)https://doi.org/10.1016/j.ribaf.2017.07.180
Web address (URL)https://www.sciencedirect.com/science/article/pii/S0275531917304762
Publication dates
Published15 Jul 2017
Published in printOct 2018
LicenseCC BY-NC-ND 4.0

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