of 2001:3 to 2011:3. Drawing on the literature, two reduced form equations, one representing nominal bank credit and the … other real bank credit was estimated following an approach similar to Hendry’s general-to-specific method. It finds that …, besides the positive influence of economic activity on bank credit, policy induced expansion or contraction in deposit or …

, exchange rate channel, bank lending channel, and monetary channel. First, we design a VAR framework for each CIS member …

In this empirical study, we perform cointegrated relation to analyze the effects of monetary policy on bank credit to … aggregate data of ten MENA countries show that bank credit to private sector and foreign asset increasing with a monetary … that bank lending channel is likely to be an effective monetary transmission mechanism in MENA countries. …