Bank lending channel in South Africa : bank-level dynamic panel data analysis

Sichei, Moses Muse

dc.contributor.author	Sichei, Moses Muse
dc.date.accessioned	2008-02-15T10:58:06Z
dc.date.available	2008-02-15T10:58:06Z
dc.date.issued	2005-11
dc.description.abstract	The paper investigates the bank-lending channel (BLC) of monetary policy in South Africa using quarterly bank-level data for the period 2000Q1-2004Q4. Capital adequacy and bank size are used as indicators for information problems faced by banks when they look for external finance. Utilising dynamic panel estimation methods the study shows that BLC operates in South Africa. The finding has some policy implications. First, there is need to coordinate monetary policy with financial innovations and prudential banking regulations. Second, the overall effects of monetary policy pursued by the South African Reserve Bank cannot be completely characterised by interest rates only.	en
dc.format.extent	273734 bytes
dc.format.mimetype	application/pdf
dc.identifier.citation	Sichei, MM 2005, 'Bank lending channel in South Africa : bank-level dynamic panel data analysis', University of Pretoria, Department of Economics, Working paper series, no. 2005-10. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3]	en
dc.identifier.uri	http://hdl.handle.net/2263/4513
dc.language.iso	en	en
dc.publisher	University of Pretoria, Department of Economics	en
dc.relation.ispartofseries	Working Paper (University of Pretoria, Department of Economics)	en
dc.relation.ispartofseries	2005-10	en
dc.rights	University of Pretoria, Department of Economics	en
dc.subject	Monetary policy transmission	en
dc.subject	Bank-lending channel (BLC)	en
dc.subject	Dynamic panel	en
dc.subject	GMM estimator	en
dc.subject.lcsh	Bank loans -- South Africa	en
dc.subject.lcsh	Monetary policy -- South Africa	en
dc.title	Bank lending channel in South Africa : bank-level dynamic panel data analysis	en
dc.type	Working Paper	en