Exchange Rates and Economic Growth in Kenya
Author | : Malcolm F. MacPherson |
Publisher | : |
Total Pages | : 30 |
Release | : 1998 |
Genre | : |
ISBN | : |
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Author | : Malcolm F. MacPherson |
Publisher | : |
Total Pages | : 30 |
Release | : 1998 |
Genre | : |
ISBN | : |
Author | : Malcolm F. McPherson |
Publisher | : |
Total Pages | : 54 |
Release | : 1997 |
Genre | : |
ISBN | : |
Author | : Malcolm F. McPherson |
Publisher | : |
Total Pages | : 28 |
Release | : 2000 |
Genre | : Foreign exchange rates |
ISBN | : |
Author | : International Monetary Fund |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2008-10-17 |
Genre | : Business & Economics |
ISBN | : 1451821190 |
This Selected Issues paper on Kenya reviews Kenya’s external stability in a context where the exchange rate has strengthened and capital inflows are playing an increasingly important role. Kenya’s external current account deficit has widened, reflecting strong import volumes as well as rising import prices, particularly for oil, but external debt as a percent of GDP has declined steadily. Underlying these developments have been a steady increase in capital inflows and a remarkable rebound of economic growth since 2003 after two decades of stagnation.
Author | : Njuguna Ndung'u |
Publisher | : |
Total Pages | : 50 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : |
Author | : David Mwiti Mukiri |
Publisher | : IPR Journals and Book Publishers |
Total Pages | : 126 |
Release | : 2022-12-30 |
Genre | : Business & Economics |
ISBN | : 9914728723 |
TOPICS IN THE BOOK Effects of Institutional Reforms on Financial Sector Development in Selected East Africa Community Member States Determinants of Equilibrium Real Exchange Rate and It’s Misalignment in Kenya 2000-2016: An Autoregressive Distributed Lag Approach Effect of Macroeconomic Factors on Economic Growth in Kenya Wage Determination in the Domestic Services Sector in Kahawa and Githurai Estates in Kiambu County, Kenya
Author | : Ruth Wanjiru |
Publisher | : |
Total Pages | : |
Release | : 2015 |
Genre | : |
ISBN | : |
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.
Author | : Joseph O. Onjala |
Publisher | : |
Total Pages | : 72 |
Release | : 2002 |
Genre | : Industrial productivity |
ISBN | : |
Author | : Naftali N. Wambugu |
Publisher | : |
Total Pages | : 60 |
Release | : 2004 |
Genre | : Kenya |
ISBN | : |
Author | : Theresa Watwii Ndavi |
Publisher | : |
Total Pages | : 138 |
Release | : 2012 |
Genre | : Commerce |
ISBN | : |