Artikel

The Bank lending channel of monetary policy ? the Panel evidence from egypt

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This paper examines the relevance of the bank lending channel of monetary policy in Egypt using bank-level data. Previous empirical studies in Egypt that used macro-level data have not supported the relevance of the bank lending channel. However, using a sample of 32 commercial banks for the period from 1998 until 2011 and a dynamic panel GMM technique, the empirical findings revealed the relevance of the bank lending channel of monetary policy in Egypt. Moreover, there is a heterogeneity effect of monetary policy on bank loans according to bank size, in which the small banks are more affected during a monetary contraction than larger banks. This finding signals that the monetary authorities in Egypt should take cognizance of the stability of interest rates in order to stabilize the bank loan supply.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

J 650 Int

Penerbit

Yogyakarta : Gadjah Mada University., 2014

Deskripsi Fisik

i, 16 hlm. 255-274.; 28 cm.

Bahasa

English

ISBN/ISSN

1411-1128

Klasifikasi

650

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Vol.16, No.3, Sep-Dec 2014: 255-274

Subjek

Monetary Policy
bank lending channel

Info Detail Spesifik

https://jurnal.ugm.ac.id/gamaijb/article/view/5659

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