scholarly journals Monetary Policy Effectiveness and Financial Inclusion in Nigeria: FinTech, ‘the Disrupter’ or ‘Enabler’

2021 ◽  
Vol 9 (1) ◽  
pp. 19-27
Author(s):  
Tonuchi E. Joseph ◽  
Nwolisa U. Chinyere ◽  
Obikaonu C. Pauline ◽  
Alase A. Gbenga
Keyword(s):  
Monetary Policy ◽  
Financial Inclusion ◽  
Policy Effectiveness ◽  
Monetary Policy Effectiveness

scholarly journals Financial inclusion and monetary policy effectiveness: A sustainable development approach of developed and under-developed countries

PLoS ONE ◽  
2021 ◽  
Vol 16 (12) ◽  
pp. e0261337
Author(s):  
Muhammad Usman Arshad ◽  
Zeeshan Ahmed ◽  
Ayesha Ramzan ◽  
Muhammad Nadir Shabbir ◽  
Zahid Bashir ◽  
...  
Keyword(s):  
Monetary Policy ◽  
Developed Countries ◽  
Financial Inclusion ◽  
Reduced Form ◽  
Reverse Causality ◽  
Policy Effectiveness ◽  
Auto Regressive ◽  
Monetary Policy Effectiveness ◽  
The Relationship ◽  
Structural Vector

The study explores the causal relationship between monetary policy effectiveness and financial inclusion in developed and under-developed countries. Structural Vector Auto-regressive techniques have been inducted to explore the relationship between monetary policy effectiveness and financial inclusion. The study covers the secondary data of 10 developed and 30 underdeveloped countries throughout 2004–2018. It is concluded that monetary policy effectiveness and financial inclusion do not have a contemporaneous impact on each other. Nevertheless, the reduced-form Vector Auto-regressive witness the reverse causality between financial inclusion and monetary policy effectiveness in developed countries. Thus, effective monetary policy enhances financial inclusion in a country, and a higher degree of financial inclusion lowers the inflation rate and makes monetary policy effective. One way causality from monetary policy effectiveness to financial inclusion can be observed in under-developed countries. Using the Structural Vector auto-regressive technique and financial inclusion index composed of three-dimension to examine the relationship of monetary policy effectiveness and financial inclusion in developed and developing countries is considered the study’s significant contribution.

Reference Rates and Monetary Policy Effectiveness in Korea

2015 ◽  
Author(s):  
Heung Soon Jung ◽  
Dong Jin Lee ◽  
Taehyo Gwon ◽  
Se Jin Yun
Keyword(s):  
Monetary Policy ◽  
Policy Effectiveness ◽  
Monetary Policy Effectiveness

Determinants of Non-Performing Assets of Commercial Banks in India

2021 ◽  
Keyword(s):  
Monetary Policy ◽  
Panel Data ◽  
Commercial Banks ◽  
Financial Stability ◽  
Policy Effectiveness ◽  
Credit Growth ◽  
Dynamic Provisioning ◽  
The Past ◽  
Economic Slowdown ◽  
Monetary Policy Effectiveness

Banks’ credit growth continues to decelerate in India due to huge non-performing assets (NPAs) overhangs in banks. Using the panel data methodology, this study empirically analyzed the determinants of NPAs of scheduled commercial banks in India during 2009-2020. Results indicated that the excessive credit growth in the past increased the surge in the current NPAS. The economic slowdown also aggravated loan delinquencies in Indian commercial banks. While higher priority sector lending created higher loan delinquencies, higher banks size and higher profitability reduced it. This study suggested that counter capital buffer, dynamic provisioning and a sound credit appraisal NPA improved the financial stability and monetary policy effectiveness. These findings are useful for policymakers, bankers and other stakeholders to make appropriate strategies to resolve the NPA issue in India.

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