Central bank coordinated policies and bank market power: an insight from the African context

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dc.contributor.authorOfori-Sasu, D.
dc.contributor.authorAgbloyor, E.K.
dc.contributor.authorSarpong-Kumankoma, E.
dc.contributor.authorAbor, J.Y.
dc.date.accessioned2024-08-19T11:44:10Z
dc.date.available2024-08-19T11:44:10Z
dc.date.issued2023
dc.descriptionResearch Articleen_US
dc.description.abstractThe paper examines the impact of central bank regulatory policies on market power in Africa. The study presents a representative sample of 52 African economies over the period 2006–2020. The study shows that the individual regulatory policies of the central bank (i.e. monetary and macro-prudential policies) enhance banks’ market power. Also, it reveals that central bank's regulatory policies are better coordinated, as complements, in achieving greater market power. banks in countries with strong central bank independence (CBI) framework. However, the coordinated policies are substitutes in determining bank’s market power in countries with weak CBI framework. The policy implication is that the right policy mix of coordinated central bank regulatory policy framework is important in determining an optimal outcome of bank’s market power in both an inclusive central bank (monetary-prudential) policy targeting economies and an independent policy targeting economies.en_US
dc.identifier.otherhttps://doi.org/10.1080/23322039.2023.2196851
dc.identifier.urihttps://ugspace.ug.edu.gh/handle/123456789/42285
dc.language.isoenen_US
dc.publisherCogent Economics & Financeen_US
dc.subjectCentral bank independence and market poweren_US
dc.subjectMonetary and Macro-prudential policiesen_US
dc.subjectAfrican contexten_US
dc.titleCentral bank coordinated policies and bank market power: an insight from the African contexten_US
dc.typeArticleen_US

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