We test the bank lending channel of monetary policy in Africa and examine the role of bank cost efficiency in this … relationship. We use the stochastic metafrontier approach to estimate cost efficiency scores of 447 commercial banks in Africa. The … strong evidence to show that higher cost efficiency leads to higher loan growth. The results further show that cost efficient …

expansion of shadow banking activities has been associated with a positive impact of bank efficiency on monetary policy …This work examines the impact of bank efficiency on the bank lending channel in China. Using a sample of 175 Chinese … bank's efficiency. While bank efficiency does not exert an impact on the effectiveness of monetary policy transmission …

study examines an emerging economy's banking system and contributes to the evolving body of literature on the topic by …

This paper studies the extent to which monetary policy may affect banks' perception of credit risk and the way banks … measure risk under the internal ratings-based approach. Specifically, we analyze the effect of different monetary policy … indicators on banks' risk weights for credit risk. We present robust evidence of the existence of the risk-taking channel in the …

trading frictions to motivate the issue of risk-spreading ‘bundled’ debt are more promising for money creation, although they … still cannot explain the the holding and valuation of money. Using the concept of team-production of Alchian and Demsetz and … purchasing power from a team-production contract can enhance output and consumption. This conclusion motivates an original …

Kenya is about to embark on an important reform to expand banking to millions of poor households by enabling third … the banking and MNO markets, and uses stylized scenarios to illustrate the channels and potential impact of anti …