Is the Bank Lending Channel of Monetary Policy Evident in the Philippines ? A Dynamic Panel Data Approach*

2021 ◽  
Vol 35 (3) ◽  
pp. 246-269
Author(s):  
Jean Christine A. Armas
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Bank Lending ◽  
The Philippines ◽  
Dynamic Panel Data ◽  
Bank Lending Channel ◽  
Dynamic Panel ◽  
Lending Channel

scholarly journals Bank Lending Channel of Monetary Policy: Dynamic Panel Data Evidence from Sierra Leone

2021 ◽  
Vol 12 (05) ◽  
pp. 1035-1058
Author(s):  
Morlai Bangura ◽  
Augustine Ngombu ◽  
Sandy Pessima ◽  
Isatu Kargbo
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Sierra Leone ◽  
Bank Lending ◽  
Dynamic Panel Data ◽  
Bank Lending Channel ◽  
Dynamic Panel ◽  
Lending Channel

scholarly journals Bank Lending Channel of Monetary Policy: Dynamic Panel Data Study of Malaysia

2011 ◽  
Vol 12 (3) ◽  
pp. 225-243 ◽  
Author(s):  
Zulkefly Abdul Karim ◽  
W. N. W. Azman-Saini ◽  
Bakri Abdul Karim
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Bank Lending ◽  
Dynamic Panel Data ◽  
Bank Lending Channel ◽  
Dynamic Panel ◽  
Lending Channel

Bank lending channel and banking sector efficiency: panel data of Egypt

2018 ◽  
Vol 13 (5) ◽  
pp. 1291-1310 ◽  
Author(s):  
Mohamed Aseel Shokr ◽  
Anwar Al-Gasaymeh
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Banking Sector ◽  
Generalized Method Of Moments ◽  
Bank Lending ◽  
Bank Loan ◽  
Bank Lending Channel ◽  
Bank Efficiency ◽  
Content Type ◽  
Lending Channel

Purpose The purpose of this paper is to examine the relevance of the bank lending channel (BLC) of monetary policy and the bank efficiency in Egypt. Design/methodology/approach This paper examines the effectiveness of bank lending channel using generalized method of moments GMM model during the period from 1996 to 2014. Also, it uses stochastic frontier approach (SFA) to examine the bank efficiency in Egypt. Findings This study supports the relevance of the BLC using panel data. Moreover, applying SFA, this paper computes cost efficiency taking account of both time and country effects directly. The finding suggests that banks with low inflation and high GDP tend to perform more efficiently. Research limitations/implications The limitation of the study is examining one country only. Practical implications The finding signals that the Central Bank of Egypt (CBE) should adjust interest rate in order to stabilize the bank loan supply. Social implications It is important for the CBE and Egyptian banks because it highlights the importance of BLC. Originality/value It examines one channel of monetary policy and bank efficiency in Egypt.

Bank lending channel in Zambia: empirical evidence from bank level data

2015 ◽  
Vol 42 (6) ◽  
pp. 1159-1174 ◽  
Author(s):  
Anthony Simpasa ◽  
Boaz Nandwa ◽  
Tiguéné Nabassaga
Keyword(s):  
Monetary Policy ◽  
Bank Lending ◽  
Dynamic Panel Data ◽  
Policy Framework ◽  
Relationship Lending ◽  
Bank Lending Channel ◽  
Content Type ◽  
Lending Channel ◽  
Level Data ◽  
Effect Of Monetary Policy

Purpose – The purpose of this paper is to explore the effect of monetary policy on the lending behaviour of commercial banks in Zambia using bank-level data. Design/methodology/approach – Dynamic panel data econometric analysis is used to uncover the evidence of monetary transmission mechanism in Zambian banking industry. Other specifications are used as robustness checks. Findings – Contrary to received evidence, the authors find that the bank lending channel in Zambia operates mainly through large banks. The effect of monetary policy on medium-sized banks is moderate while it is virtually non-existent for smaller banks. Furthermore, the data does not show evidence of relationship lending for smaller banks. Originality/value – Overall, the findings of this investigation suggest that price signals, rather than quantity aggregates, matter the most in the transmission of monetary policy in Zambia. The results therefore lend support to the central bank’s recent shift in monetary policy framework from using monetary aggregates to interest rate targeting as a means to strengthen effectiveness of monetary policy.

Sign in / Sign up

Export Citation Format

Share Document