Agung, Raphael; Muli, Anthony; Ndwiga, David; Njoroge, … - 2025
The paper examines the effect of macroeconomic imbalances on bank lending with emphasis on the exchange rate movement …, inflation differential and fiscal deficit. In the study, bank lending is modelled by gross loans and advances, assets quality … and risk appetite. The panel GMM model results show that the Kenya shilling depreciation increased bank lending, improved …