Since 2014
The Measurement of Credit Channel in the CEMAC Zone
Journal of Economics and Political Economy
View Archive Info| Field | Value | |
| Title |
The Measurement of Credit Channel in the CEMAC Zone
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| Creator |
EKOMANE, Jean Louis; University of Douala
YAMB, Benjamin; University of Douala |
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| Subject |
Credit channel measurement, Monetary policy, Autoregressive vectors, CEMAC.
E51; E52; E58. |
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| Description |
AbstractThis article measures the credit channel’s parameters in monetary policy transmission in the CEMAC zone. Having highlighted the limitations of other channels with a theoretical and factual assessment, we check the effectiveness of bank credit channel through the autoregressive vectors’ method, using consolidated monetary and macroeconomic data from six countries in the Zone, from 1960 to 2012. It appears that credit channel is narrow. It has a low outflow and a depth-based credit as far as the private sector is concerned, while the GDP reacts with a two-year period following a monetary policy impulse. Key words: Credit channel measurement, Monetary policy, Autoregressive vectors, CEMAC.JEL: E51, E52, E58, G32.
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| Publisher |
Journal of Economics and Political Economy
Journal of Economics and Political Economy |
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| Contributor |
—
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| Date |
2016-12-18
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://www.kspjournals.org/index.php/JEPE/article/view/1080
10.1453/jepe.v3i4.1080 |
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| Source |
Journal of Economics and Political Economy; Vol 3, No 4 (2016): December; 744-766
Journal of Economics and Political Economy; Vol 3, No 4 (2016): December; 744-766 2148-8347 |
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| Language |
eng
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| Relation |
http://www.kspjournals.org/index.php/JEPE/article/view/1080/1107
http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1080/475 |
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| Rights |
Copyright (c) 2017 Journal of Economics and Political Economy
http://creativecommons.org/licenses/by-nc/4.0 |
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