This study analyses the credit channel of monetary policy transmission via major credit providers in Kenya before and during interest rate controls. Focusing on the period 2009M3- 2018m3 and employing a structural vector-autoregressive model, the study establishes whether controls on interest...

The paper examines the bank lending channel of monetary policy specifically testing if there is any asymmetric response of sectoral credit to policy innovations on the Central Bank Rate (CBR), Cash Reserve Requirement (CRR), and Foreign Exchange (FX) transactions by CBK. Using a SVAR...