The Bank Lending Channel in the CEMAC Zone

By Gilbert Galibaka

This paper examines the existence of a bank lending channel in the monetary policy transmission mechanism in the CEMAC zone, based on banking data from the BEAC and COBAC. Using a dynamic panel GMM approach, the paper highlights four findings: First, confirmation of the existence of a bank lending channel in the CEMAC zone. Second, the central bank's monetary policy decisions have a greater impact on banks with predominantly foreign capital than on those with predominantly domestic capital. Third, small and medium-sized banks, whether foreign or domestic, are more responsive to changes in the central bank's policy rate. Finally, liquidity is a factor that can render monetary policy decisions ineffective in influencing the behavior of commercial banks in the CEMAC zone.

• Format: Paperback
• Language: English
• ISBN: 6209764339
• ISBN13: 9786209764332
• Release Date: March 2026
• Publisher: Our Knowledge Publishing
• Length: 52 Pages
• Weight: 0.18 lbs.
• Dimensions: 0.1" x 6.0" x 9.0"