Browsing by Subject "Internal Shocks"

Now showing items 1-1 of 1

Discussion Paper No. 106 of 2009 on Implications of the Global Financial Crisis on the Kenyan Economy

Kenya Institute for Public Policy Research and Analysis (KIPPRA) (The Kenya Institute for Public Policy Research and Analysis (KIPPRA), 2009)

The Global Financial Crisis (GFC) has been traced back to the late 1990s when the United State (US)’s interest rates on the federal funds were considerably low, leading to liberal lending practices by commercial banks ...