to shed light on the impact on the growth of banking development, which is measured by broad money and bank credit. The … banking system in a typical bank-based financial system in mobilizing and supplying capital to the economy, thus contributing … development are estimated to be around 107% and 101% of the GDP, respectively. This finding suggests that bank credit expansion …

Our study investigates the link between bank lending behavior and macroeconomic uncertainty. We develop a dynamic model … of a bank's value maximization that results in a negative relationship between loan to capital ratio and macroeconomic … in uncertainty is not uniform and depends on bank-specific characteristics. …