Browsing Discussion Papers by Subject "Liberalization policies"
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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 ...