The Impact of the Credit Channel on Macroeconomic Variables and Bank Characteristics in the Brazilian Economy from 2009 to 2018

Farajnezhad, Mohammad

doi:10.25115/eea.v40i1.5465

Cited by 4 publications

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“…The changes in monetary policy and interest rates in the previous year will have an effect on credit supply in the current year. According to the findings by Farajnezhad (2021), there is a significant and positive relationship between macroeconomic indicators and interest rate and loan amount. Furthermore, in Brazil, there is a large and positive association between macroeconomic variables affecting GDP and loan amount.…”

Section: Jmbmentioning

confidence: 99%

Examine the credit channel of the monetary policy transmission mechanism in an emerging market economy: the case of South Africa

Farajnezhad

2022

JMB

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PurposeThe purpose of this study is to analyze commercial bank-level data to examine a credit channel of the monetary policy transmission mechanism in emerging economies, such as South Africa from BRICS countries. Among the important questions that central banks, economists and policymakers have raised in this area are: Do bank characteristics and macroeconomic variables influence credit supply in South Africa? Do bank characteristics and macroeconomic variables interact to influence credit supply in South Africa?Design/methodology/approachStatic panel data with pooled OLS, a random effect model and the fixed-effect model are used for data analysis. Using a sample of 50 commercial banks from South Africa over 10 years from 2009 to 2018. The statistical software Stata is utilized for data analysis.FindingsThe conclusion of this study shows that in South Africa, the loan amount has a strong and positive macroeconomic variable inflation effect. The outcomes of the study also revealed that in South Africa, there is a strong but negative association between interaction macroeconomic variables inflation and bank characteristic liquidity ratio on the loan amount.Originality/valueThe authors contribute to the existing literature by identifying the key determinants of monetary policy transmission channels through credit in South Africa and, furthermore, through a country-level data analysis and disaggregation at the commercial bank level, as well as economic conditions.

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Section: Jmbmentioning

confidence: 99%

Examine the credit channel of the monetary policy transmission mechanism in an emerging market economy: the case of South Africa

Farajnezhad

2022

JMB

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Exploring the impacts of tourism development and exchange rate on renewable energy demand in China: A nonlinear perspective

Chenjie,

Yunbao,

Zhubin

et al. 2023

Energy & Environment

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The demand for carbon-free or renewable energy sources is on the rise due to their role in boosting environmental performance and controlling emissions. The majority of previous research is based on the symmetry assumption while analyzing the association between tourism demand (TD), exchange rate volatility (ERV), and renewable energy consumption (REC). To plug this hole, this research scrutinizes the impact of TD and ERV on REC in China. To investigate the short and long-run implications of TD and ERV on REC, this analysis employs the autoregressive distributed lag (ARDL) and nonlinear autoregressive distributed lag (NARDL) techniques. The study's innovative approach enhances its scientific value through a novel and insightful examination of the variables of interest. The linear model results indicate that TD has a positive and significant long-run impact on REC. Conversely, ERV has a negative and significant long-run impact on REC. The NARDL model finds that a positive TD shock significantly and positively affects REC in the long run, while a negative TD shock does not exert a noticeable impact on REC. A positive ERV shock significantly and negatively affects REC in the long term, whereas a negative ERV shock has an insignificant impact on REC. Conversely, only a positive ERV shock has a significant positive impact on REC in the short run. These findings imply that policymakers must adopt stable and reliable foreign exchange market policies and promote sustainable tourism practices at tourist hotspots.

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Cross-sectional dependence in financial openness and its influence on renewable energy consumption in Asia

Wang,

Hafeez,

Ullah

et al. 2023

Energy & Environment

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Renewable energy is known for its lower environmental impact compared to conventional fossil fuels. The integration of financial openness plays a pivotal role in driving renewable energy consumption. The existing literature has predominantly overlooked the nonlinear impact of financial openness on renewable energy consumption. This study examines the nonlinear impact of financial openness on renewable energy consumption across different regions in Asia, such as Central Asia, East Asia, South Asia, Southeast Asia, and West Asia, by employing linear and nonlinear cross-sectionally augmented autoregressive distributed lag techniques. The findings of the linear analysis confirm that financial openness favorably impacted renewable energy consumption in the long run in all regions. On the other side, the nonlinear analysis highlights that an increase in financial openness promotes renewable energy consumption in all regions except West Asia. In contrast, the fall in financial openness hurt renewable energy consumption in Asia, Central Asia, and West Asia. Greenhouse gas emissions and GDP promote renewable energy consumption in almost all regions in both linear and nonlinear analysis, and ICT and trade help the consumption of renewable energy to rise in some regions. Policymakers in Asia and its subregions should focus on increasing the collaboration between the financial sectors of the Asian economies and increasing the flow of funds to renewable energy sources in Asia.

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The Impact of the Credit Channel on Macroeconomic Variables and Bank Characteristics in the Brazilian Economy from 2009 to 2018

Cited by 4 publications

References 0 publications

Examine the credit channel of the monetary policy transmission mechanism in an emerging market economy: the case of South Africa

Examine the credit channel of the monetary policy transmission mechanism in an emerging market economy: the case of South Africa

Exploring the impacts of tourism development and exchange rate on renewable energy demand in China: A nonlinear perspective

Cross-sectional dependence in financial openness and its influence on renewable energy consumption in Asia

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