This study investigates the role of remittances and financial development on economic growth in a panel of 36 countries in Africa over the period 1980–2009. It uses a panel econometrics framework and the main findings of the study are as follows: (1) Remittances appear to be an important...

In an effort to increase access to effective anti-malaria drugs to the rural poor, the Kenyan government has partnered with a local non-governmental organisation to distribute the drugs free of charge using a microfranchise system in small privately-owned rural shops. This study uses...

Purpose – The purpose of this paper is to assess the suitability of adopting inflation targeting in an emerging market, based on the pre-conditions of inflation targeting identified in the literature. Design/methodology/approach – The study uses Granger causality and VAR approaches to assess...

This paper investigates the dual role of financial liberalization on growth using a bank crisis model and a growth model. It applies panel econometric techniques on data covering 34 countries in Sub-Saharan Africa over the period 1983–2008. The results indicate that the growth retarding...

Purpose – The purpose of this paper is to investigate the effectiveness of asset price channel in monetary policy transmission and the effect of stock market volatility on monetary policy in Kenya. Design/methodology/approach – Empirical analysis is based on quantitative analysis which...