This work assesses the impact of monetary policy shocks on the extension of bank credit by local banks and foreign banks in general. We however employ the impulse response functions and the variance decomposition analysis as part of our study in assessing the responses of these types of...

Monetary policy is undeniably an effective tool in global financial systems; that notwithstanding it sometimes comes with unanticipated consequences. For there to be a successful monetary policy arrangement in place, there is the need for policymakers and or regulators to have a precise...