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in selected African countries. The countries considered are The Gambia, Ghana, Kenya, Mozambique, Nigeria, and Sierra …
Persistent link: https://www.econbiz.de/10014396473
This paper undertakes a survey of theoretical considerations and an analysis of the experience of five African countries with interest rate liberalization. Despite substantial progress in monetary policy reforms, liberalization has only partially affected the level and variability of interest...
Persistent link: https://www.econbiz.de/10014395864
The local sourcing of intermediate products is one the main channels for foreign direct investment (FDI) spillovers. This paper investigates whether and how participation and positioning in the global value chains (GVCs) of host countries is associated to local sourcing by foreign investors....
Persistent link: https://www.econbiz.de/10012112331
Persistent link: https://www.econbiz.de/10009488223
This paper is an empirical analysis of competitiveness in the banking system of four out of the five East African …-economic factors. By way of preview, the analysis ranks the countries in terms of banking sector competitiveness in the following order …: Kenya, Tanzania, Uganda and Rwanda …
Persistent link: https://www.econbiz.de/10014396944
Persistent link: https://www.econbiz.de/10011282762
Persistent link: https://www.econbiz.de/10009726525
Many low-income countries do not use interest rates as their main monetary policy instrument. In East Africa, for … de facto pursuing a strategy more akin to a Taylor Rule. Estimations of small-scale models for Kenya, Uganda and Tanzania … place in Kenya and Tanzania. In Uganda, these errors are much smaller, in fact similar in size to Taylor Rule deviations …
Persistent link: https://www.econbiz.de/10011445839
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/10012667479
Many central banks in low-income countries in Sub-Saharan Africa are modernising their monetary policy frameworks … 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/10012667505