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Discussion Paper No. 01 of 2000 on the Exchange Rate and the Interest Rate Differential in Kenya: A Monetary and Fiscal Policy Dilemma
(The Kenya Institute for Public Policy Research and Analysis, 2000)
The paper analyses the relationship between the real exchange rate and the
real interest rate differential on one hand and the implications they have on
portfolio capital flows on the other. It shows that the nominal ...
Discussion Paper No. 10 of 2001 on Kenya's Exchange Rate Movement in a Liberalized Environment: An Empirical Analysis
(The Kenya Institute for Public Policy Research and Analysis, 2000)
With globalization has come increased emphasis on an outward- looking
and a market-oriented economy. Consequently, the 1990s were associated
with a greater degree of liberalization of the financial, foreign exchange ...