Alper, C. Emre; Morales, R. Armando; Yang, Fan - 2016
This paper analyzes the degree to which volatility in interbank interest rates leads to volatility in financial …, Sweden, Thailand, and Uganda). Kenya shows strong volatility transmission and high persistence similar to other countries in … instruments with longer maturities (e.g., T-bills) in Kenya since 2012, year in which the monetary policy framework switched to a …