Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
The Effect Of Exchange Rate Policy On The Economic Development Of Kenya
Download The Effect Of Exchange Rate Policy On The Economic Development Of Kenya full books in PDF, epub, and Kindle. Read online The Effect Of Exchange Rate Policy On The Economic Development Of Kenya ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis The Effect of Exchange Rate Policy on the Economic Development of Kenya by :
Download or read book The Effect of Exchange Rate Policy on the Economic Development of Kenya written by and published by . This book was released on 1901 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation attempts to assess the negative effect that the Kenyan government's exchange rate policy had on aggregate output and on sectoral composition of output. The Kenyan government chose a macroeconomic policy set in order to achieve certain economic, political, and social goals as part of its development objectives. The policy mix included industrialization policies, a expansionary monetary policy, a pegged exchange rate, and other policies that created a bias against the agricultural sectors. An empirical macroeconomic model was constructed to capture the economic processes that cause equilibirium exchange rate fluctuations. The exchange rate is determined by Kenya's price level relative to the rest of the world and by Kenya's productivity relative to the rest of the world. Exogenous events and government policies that affect the price level and productivity will influence the exchange rate as well. A model of equilibrium exchange rate movements can then be used to assess exchange rate misalignment: ' i.e.', when the exchange rate undervalues or overvalues the domestic currency relative to foreign currency. Given a calibrated model for Kenya's macroeconomy, a simulation was used to compare Kenya's actual experience with a counter-factual exchange rate policy that produces no relative price distortions. The results indicate, among other effects, that a floating exchange rate policy would have led to higher total output compared to the exechange rate policy that Kenya actually pursued.
Book Synopsis The Effect of Exchange Rate Policy on the Economic Development of Kenya by :
Download or read book The Effect of Exchange Rate Policy on the Economic Development of Kenya written by and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monetary and Exchange Rate Policy in Kenya by : Njuguna Ndung'u
Download or read book Monetary and Exchange Rate Policy in Kenya written by Njuguna Ndung'u and published by . This book was released on 1999 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Total Factor Productivity in Kenya by : Joseph O. Onjala
Download or read book Total Factor Productivity in Kenya written by Joseph O. Onjala and published by . This book was released on 2002 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rates and Economic Growth in Kenya by : Malcolm F. McPherson
Download or read book Exchange Rates and Economic Growth in Kenya written by Malcolm F. McPherson and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Exchange Rate and the Interest Rate Differential in Kenya by : Njuguna Ndung'u
Download or read book The Exchange Rate and the Interest Rate Differential in Kenya written by Njuguna Ndung'u and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper analyses the relationship between real exchange rate movements and the real interest rate differential. Its main objective in doing this is to argue the case for non-intervention in the foreign exchange market to sterilize short-term capital flows."--P. 21.
Book Synopsis The Effects of Real Exchange Rate Misalignment on Economic Growth by : Theresa Watwii Ndavi
Download or read book The Effects of Real Exchange Rate Misalignment on Economic Growth written by Theresa Watwii Ndavi and published by . This book was released on 2012 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effects of Diaspora Remittances on the Kenyan Economy [MBA Thesis a Ccompanied by a CD-ROM] by :
Download or read book The Effects of Diaspora Remittances on the Kenyan Economy [MBA Thesis a Ccompanied by a CD-ROM] written by and published by . This book was released on 2014 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study was to analyse the effect of remittances received from Kenyans residing abroad on macroeconomic factors in Kenya. This study was guided by the following research objectives: (i) To determine the effect of remittance flows on Kenya?s GDP; (ii) To determine the effect of remittance flows on investments in the Kenyan securities market; (iii) To determine the effect of remittance flows on bank interest rates in Kenya and (iv) To determine the effect of remittance flows on foreign exchange rates in Kenya. The research design was explanatory in nature focusing on remittances received from Kenyans residing in other countries and how they affect various macro-economic indicators such as gross domestic product (GDP), securities market data, interest rates and foreign exchange rates. The study primarily involved the examination of published data that was available from Central Bank of Kenya (CBK) and Kenya National Bureau of Statistics (KNBS), government ministries such as Ministry of Finance (MoF) and Ministry of East African Affairs, Commerce and Tourism (MEACT), as well as organisations such as the United Nations Conference on Trade and Development (UNCTAD), the World Bank and the International Monetary Fund (IMF). Descriptive and inferential statistics were used to analyse the data. In particular, means and standard deviations were calculated for all the variables in the study. Further statistical analysis was carried out by use of correlation and regression analysis where remittance flows were regressed against GDP, exchange rates for selected currencies, investments in the securities market and bank interest rates. Data was analysed using Statistical Package for Social Sciences (SPSS) and results presented in graphs and tables. The study findings indicated that that the amounts of diaspora remittances had increased consistently over the period of study. Further the findings indicated that the real exchange rate has consistently inclined over the period under study. Correlation results revealed that there was positive and significant relationship between remittance flows and GDP, bank interest rates, US Dollar exchange rate and Euro exchange rate. The study findings concluded that diaspora remittances had a positive and significant relationship with GDP, bank interest rates, the US Dollar exchange rate and Euro exchange rate. The study recommends that the country needs to consider adopting institutions that help in amplifying the growth effects of remittances into sustainable economic growth. The government in conjunction with financial institutions should come up with policies that make it cheap, easy and safe to receive remittances as well as establish efficient and effective formal channels for sending and receiving remittances. The study recommends that the various commercial banks should develop banking products that will encourage migrants to maintain bank accounts in the labour-exporting country. Such accounts should be denominated in applicable foreign currency of choice to the migrant and must be made operational in the migrant?s country of residence through the use of modern information and communication technology. The study also recommends that effective measures are needed to be taken by the central bank to control inflation by reducing money supply in the economy. The formulation of monetary policy by the central bank is an important factor for controlling inflation. It is recommended that the monetary authority should use policies aimed at strengthening the Kenya shilling as doing so would reduce the charges for sending remittances. Kenya should device a way of influencing remittance recipient households to save their income so that the proceeds can be distributed to critical sectors of the economy. For instance, policies advocating for the increased use of remittances in funding entrepreneurial activities in the economy can be formulated. This will also need an effective and efficient distribution system, that is, a vibrant financial system that can mobilise remittance funds and distribute them as investment capital to unfunded entrepreneurs.
Book Synopsis Monetary Policy Announcements and Exchange Rates in Kenya by : Ruth Wanjiru
Download or read book Monetary Policy Announcements and Exchange Rates in Kenya written by Ruth Wanjiru and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The study examines how monetary policy announcements affect the level and volatility of exchange rates in Kenya for the period 2005-2014. The exchange rates under study are: the KES/USD, KES/GBP, KES/EUR and KES/UGX. The study uses the GARCH (1, 1) and EGARCH taking into account monetary policy announcements using dummy variables to analyze the relationship between monetary policy announcements and exchange rates. We find evidence that the monetary policy announcements do not significantly influence the level of exchange rates except where the announcement directly involves the exchange rate. Only announcements regarding foreign exchange intervention significantly influenced exchange rate volatility as was the case in the period 2011-2012. The long run variance indicated lack of persistence of shocks on the exchange rate volatility which provides further evidence of the relative insignificance of monetary policy announcements on exchange rate volatility. We conclude that in Kenya, monetary policy announcements are merely secondary determinants of exchange rate volatility. The current study differs from previous studies that have focused the impact of exchange rate volatility on international trade and economic growth and the Central Bank of Kenya response to changes in inflation, exchange rate and GDP growth literature regarding the relationship between monetary policy and exchange rate volatility in a frontier market.
Book Synopsis Economic Growth and Poverty in Kenya by : Naftali N. Wambugu
Download or read book Economic Growth and Poverty in Kenya written by Naftali N. Wambugu and published by . This book was released on 2004 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Trade, Growth and Development by : Göte Hansson
Download or read book Trade, Growth and Development written by Göte Hansson and published by Routledge. This book was released on 2003-09-02 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the end of the second world war the economic gap between rich and poor countries has steadily widened. Trade, Growth and Development examines this disparity and assesses the reasons why some developing countries have been more successful than others. The book is divided into four parts: Part I examines recent developments in the theory of trade, growth and economic development; Parts II to IV present an empirical analysis of policy and performance in Latin America, Asia and Africa. As well as offering an analysis of traditional economic factors the book also emphasises the role of politics and institutions in the process of economic development.
Book Synopsis Restarting and Sustaining Economic Growth and Development in Africa by : Mwangi S. Kimenyi
Download or read book Restarting and Sustaining Economic Growth and Development in Africa written by Mwangi S. Kimenyi and published by Ashgate Publishing, Ltd.. This book was released on 2003 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A refreshing, rigorous, informative and multidisciplinary analysis of economic growth and poverty alleviation in Africa, with special reference to Kenya.
Book Synopsis Better Understanding of the Kenyan Economy by : Maureen Were
Download or read book Better Understanding of the Kenyan Economy written by Maureen Were and published by . This book was released on 2002 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper attempts to provide a better understanding of the Kenyan economy and an analysis of opportunities for economic growth by constructing different economic scenarios using the KIPPRA-Treasury Macro Model.
Book Synopsis Monetary Policy Statement by : Central Bank of Kenya
Download or read book Monetary Policy Statement written by Central Bank of Kenya and published by . This book was released on 2011 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Kenya : Policies for Prosperity by : Christopher Adam
Download or read book Kenya : Policies for Prosperity written by Christopher Adam and published by OUP Oxford. This book was released on 2011-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first volume in a new series Africa: Policies for Prosperity. For the first time in more than a generation, sustained economic growth has been achieved across the continent - despite the downturn in global economic fortunes since 2008 - and in many countries these gains have been realized through policy reforms driven by the decisive leadership of a new generation of economic policymakers. The process of reform is continuous, however, and the challenge currently facing this new generation is how to harness these favourable gains in macroeconomic stability and turn them into a coherent strategy for sustainable growth and poverty reduction over the coming decades. These challenges are substantial and encompass the broad remit of economic policy. Each volume in this series brings leading scholars into the policy arena to examine these challenges and to lay out, in a rigorous but accessible manner, key challenges and policy options facing policymakers on the continent. This first volume on Kenya explores the challenges facing an economy standing at a crossroads. Kenya has experienced a period of high and sustained growth since the mid 1990s, growth which involved economic transformation away from a heavy reliance on traditional economic activities towards an emerging manufacturing economy. But this process, and the economic and social stability that had come to characterize Kenya, have been severely tested by the post-election violence of 2008. Restoring equitable growth and sustaining the structural transformation of the economy is essential if Kenya is to leave this dark period behind. The chapters in this volume address the key issues that will face economic policy makers in the coming years. They cover the conventional but central question of finance and macroeconomic management, but also much deeper structural issues of trade, employment generation and education; of land policy, migration and urbanization; and the fiscal challenges facing an ageing but increasingly urbanized (and increasingly affluent) society.
Book Synopsis Macroeconomic Policies and Exchange Rate Management in African Economies by : F. M. Mwega
Download or read book Macroeconomic Policies and Exchange Rate Management in African Economies written by F. M. Mwega and published by . This book was released on 1996 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Macroeconomic Policy Modelling for Developing Countries by : Victor Murinde
Download or read book Macroeconomic Policy Modelling for Developing Countries written by Victor Murinde and published by . This book was released on 1993 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can developing countries design a macroeconomic policy framework that will reverse the current trend of persistent inflation, regressive real growth and foreign exchange bottlenecks? One plausible answer emerges from an intersection between the dilemma and a novel analytical approach. In this book, Victor Murinde develops one novel approach by drawing on the first principles of economic theory to construct a macroeconomic model such that the structural features and bottlenecks of a developing country are integrally incorporated. The model is small and congruent with the limited available data, but it is comprehensive enough to address the key policy instruments and targets. A battery of modern econometric techniques are called upon to estimate and test the model on Kenya, Tanzania and Uganda, since independence, in a country-specific as well as cross-country spirit. Policy experiments are performed to highlight the macroeconomic scenario generated each time a policy instrument or a stabilization policy package is implemented. The experiments fully demonstrate the practicability of the 'small-model-limited-data' methodology developed in the book.