: they all relate the volume of bank intermediation to gross domestic product (GDP). It is argued that since transition … banking sector is the ratio of bank assets to a proxy of the stock of financial wealth rather than to GDP. Findings – There is …

Bank of Central African's States (BEAC). First, with a GMM adapted for a forward looking rule, we propose a reaction … function for this central bank. The result shows that from 1986 to 2006, the formulation of the monetary policy strongly …

variable. As for explanatory variables, we put together a set of proxies for quality of bank governance and management, such as ….g. degree of Board independence, qualification of external auditors), stability of bank’s governing bodies (Management Board and … bank, stability of the governing bodies, involvement of well-established external auditors and also that strategic …