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As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity transformation risk in the banking sector and promoting funding stability. The revised package has been issued for public consultation with a plan of making the rule binding in 2018. This...
Persistent link: https://www.econbiz.de/10011142026
Economic activity in Kenya has remained resilient to uncertainty surrounding the elections, the impact of the European …
Persistent link: https://www.econbiz.de/10011244272
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper (PRSP) for Kenya. Kenya’s second …
Persistent link: https://www.econbiz.de/10011244468
KEY ISSUES Context: Kenya has embarked on major reforms in line with the 2010 constitution. The new government has …. Kenya placed its first US$2 billion Eurobond at favorable terms, with proceeds to be used to upgrade power generation and … fiscal resources. Kenya is actively participating in the integration of East Africa, showing progress in reducing delays from …
Persistent link: https://www.econbiz.de/10011244508
This paper discusses Kenya’s Sixth and Final Review Under the Three-Year Arrangement Under the Extended Credit Facility. Fiscal consolidation and the introduction of major reforms contributed to the program’s success despite emerging challenges. All end-June 2013 quantitative...
Persistent link: https://www.econbiz.de/10011245239
Persistent link: https://www.econbiz.de/10005826695
in the analysis of monetary policy in low-income countries (LICs), with an application to Kenya. We provide a general … target misses in terms of structural shocks (aggregate demand, policy, shocks to money demand, etc). In the case of Kenya, we …
Persistent link: https://www.econbiz.de/10010790361
Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their...
Persistent link: https://www.econbiz.de/10011123874
policy that took place in 2011 in four members of the East African Community: Kenya, Uganda, Tanzania and Rwanda. We find …
Persistent link: https://www.econbiz.de/10011242205
forecasting and monetary policy analysis in low-income countries and apply it to Kenya. We use the model to run several policy … recover the sequence of domestic and foreign macroeconomic shocks that account for business cycle dynamics in Kenya over the …
Persistent link: https://www.econbiz.de/10011242400