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Persistent link: https://www.econbiz.de/10011325602
formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and … banks lending reaction to the net worth ratio is more elastic than investment reaction. When the steady state is the saddle …
Persistent link: https://www.econbiz.de/10009783369
This paper assesses the existence of a balance sheet channel of monetary policy transmission in Nigeria by examining … channel in Nigeria with a significant impact of DMBs balance sheet composition on output growth and price. However, output and …
Persistent link: https://www.econbiz.de/10011489517
This paper studies the effect of central banks’ targeted refinancing operations on bank lending. It utilizes data from the European Central Bank’s targeted longer-term refinancing operations (TLTROs) together with monthly bank level balance sheet data from multiple countries. The effect of...
Persistent link: https://www.econbiz.de/10012887834
In most economies the banking sector plays the major role in the financial system. Therefore, it is of great importance to analyse and understand the mechanism of transmission of monetary policy and its impact on the banking sector. One of the possible repercussions of changing the level of...
Persistent link: https://www.econbiz.de/10012197223
The article supplements the research on the effectiveness of monetary policy transmission - especially through the bank lending channel. The current study focuses on assessing the transmission of monetary impulses through commercial and cooperative banks as well as through individual loan...
Persistent link: https://www.econbiz.de/10014515074
return rates, and the lack of funding and investment sources, and iv) the relatively significant responses of Islamic banks …
Persistent link: https://www.econbiz.de/10013400126
The low interest rate environment is less due to monetary policy and more due to global trends in investment and … savings as well as a crisis-induced reduction in investment. Finishing the balance sheet recession can lead to a higher … interest rate level in the medium-run through higher investment. A higher natural real interest rate would enable central banks …
Persistent link: https://www.econbiz.de/10011603920
This paper seeks to assess the reactions of Nigeria’s stock market to monetary policy innovations during the period of … impact monetary policy innovations exerts on stock returns in the Nigeria's Stock Exchange (NSE) market during the period of …
Persistent link: https://www.econbiz.de/10011477172
, attracting foreign private investment and implementing well coordinated macroeconomic policies that impact inflation positively …The paper investigates the impact of exchange rate depreciation on the balance of payments (BOP) in Nigeria over the … variance decomposition indicate that a significant variation in Nigeria's BOP is not due to changes in exchange rate movements …
Persistent link: https://www.econbiz.de/10010474303