Effect of Monetary Policy on Non-Performing Loans in Sub-Saharan Africa: A Panel Vector Autoregressive Approach
Abstract Banks play a vital role in a country’s financial system through their intermediation activities, which support economic development. However, the rise in non-performing loans (NPLs) has jeopardized the performance of banks in Sub-Saharan Africa (SSA). Moreover, the behavior of key macroeconomic factors and sho...