Dwumfour, Richard Adjei; Oteng-Abayie, Eric Fosu; … - 2021
We test the bank lending channel of monetary policy in Africa and examine the role of bank cost efficiency in this … existence of the bank lending channel in Africa: thus, bank credit responds to changes in monetary policy rate. Again, we find … banks are less responsive to monetary policy shocks. The evidence suggests that bank cost efficiency weakens the bank …