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Chokri Zehri

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Sep 2026

Capital Controls and Monetary Policy: Impact on Credit Growth in Emerging Market Economies

We examine if capital flow management (CFM) and monetary policies effectively reduce external lending in emerging economies. We estimate a dynamic panel of 21 countries over 2000–2020 with the difference and system GMM estimators. We interpret lagged policy variables as measures of the prevailing policy stance rather...

Chokri Zehri, Wissem Ajili Ben Youssef · 0 citations

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