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The Exchange Rate And The Interest Rate Differential In Kenya
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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 Liberalization of the Foreign Exchange Market in Kenya and the Short-term Capital Flows Problem by : Njuguna Ndung'u
Download or read book Liberalization of the Foreign Exchange Market in Kenya and the Short-term Capital Flows Problem written by Njuguna Ndung'u and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Kenya's Exchange Rate Movement in a Liberalized Environment by :
Download or read book Kenya's Exchange Rate Movement in a Liberalized Environment written by and published by . This book was released on 2001 with total page 54 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 Exchange Rates and Economic Growth in Kenya by : Malcolm F. MacPherson
Download or read book Exchange Rates and Economic Growth in Kenya written by Malcolm F. MacPherson and published by . This book was released on 1998 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters by : Mr.Alun H. Thomas
Download or read book Exchange Rate and Foreign Interest Rate Linkages for Sub-Saharan Africa Floaters written by Mr.Alun H. Thomas and published by International Monetary Fund. This book was released on 2012-08-01 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper considers the determinants of exchange rate movements among sub-Saharan countries that have flexible exchange rate regimes. The determinants are based on the law of one price and interest parity conditions. Results indicate that the exchange rates have responded significantly to changes in the US Treasury bill rate and to the EMBI spread in recent years. The effects are more important for countries with open capital accounts. On the other hand the paper does not provide any support for the interest rate parity theory because domestic interest rates have no bearing on exchange rate movements.
Book Synopsis Price and Exchange Rate Dynamics in Kenya by : Njuguna Ndung'u
Download or read book Price and Exchange Rate Dynamics in Kenya written by Njuguna Ndung'u and published by . This book was released on 1997 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rate Overshooting and Its Transmission Through the Monetary Policy in Kenya by : Jacob Oduor
Download or read book Exchange Rate Overshooting and Its Transmission Through the Monetary Policy in Kenya written by Jacob Oduor and published by . This book was released on 2009 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Cointegration Between Exchange Rates, Inflation and Interest Rates in Kenya by : Cynthia Mutheu Musembi
Download or read book A Cointegration Between Exchange Rates, Inflation and Interest Rates in Kenya written by Cynthia Mutheu Musembi and published by . This book was released on 2013 with total page 150 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 Banking Sector Interest Rate Spread in Kenya by : Njuguna Ndung'u
Download or read book Banking Sector Interest Rate Spread in Kenya written by Njuguna Ndung'u and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Relationship Between Interest Rates and Exchange Rates in Kenya [MBA Thesis] by :
Download or read book The Relationship Between Interest Rates and Exchange Rates in Kenya [MBA Thesis] written by and published by . This book was released on 2003 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism: How Does the Central Bank's REPO Rate Affect the Economy? by : Kevin C. Cheng
Download or read book A VAR Analysis of Kenya's Monetary Policy Transmission Mechanism: How Does the Central Bank's REPO Rate Affect the Economy? written by Kevin C. Cheng and published by International Monetary Fund. This book was released on 2006-12 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate for Kenya using data during 1997–2005. Based on techniques commonly used in the vector autoregression literature, the main results suggest that an exogenous increase in the short-term interest rate tends to be followed by a decline in prices and appreciation in the nominal exchange rate, but has insignificant impact on output. Moreover, the paper finds that variations in the short-term interest rate account for significant fluctuations in the nominal exchange rate and prices, while accounting little for output fluctuations.
Book Synopsis Kenya by : International Monetary Fund
Download or read book Kenya written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-01-26 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Second Review for Kenya under the Extended Credit Facility (ECF). Program implementation during the first half of 2011 was in line with the objectives. All quantitative performance criteria and indicative targets for June 2011 have been met. The authorities have requested augmentation of access under the ECF arrangement to deal with the impact of the drought and higher-than-anticipated international prices. They have adopted additional measures to address macroeconomic imbalances.
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 The Exchange Rate and Interest Rate Differential Relationship by : Kui-Wai Li
Download or read book The Exchange Rate and Interest Rate Differential Relationship written by Kui-Wai Li and published by . This book was released on 2015 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the contemporaneous and inter-temporal interaction between real exchange rate and real interest rate differential in the two financial crises of 1997 and 2008 by using data from thirteen countries from different world regions. The empirical result shows that negative contemporaneous relationship exists in most countries. In addition, there is little evidence on a systematic inter-temporal relationship between the real interest rate differential and the real exchange rate, and an absence of consistent result in supporting a negative relationship among the thirteen economies. An extremely low change in the conditional correlation between real interest rate differential and real exchange rates can be found in small countries.