This paper has the dual objective of establishing whether episodes of market shocks necessarily trigger the choice between more liquidity and more profitability and ascertaining whether the post-shock recovery path is one of liquidity giving way to non-liquid assets growth and, therefore, more...

The Kenyan credit market is characterised by imperfections that manifest themselves in imbalances in the form of credit gaps where supply deviates from its long-run trend. This paper extends the analysis of the credit market adjustment process beyond the conventional price mechanism, recognising...

Contrary to predictions that brick-and-mortar banking declines with increased financial innovations and technological adoptions, bank branch network between 2006 and 2018 has tripled and ATM networks have increased four-fold. In this paper, we examine whether network convenience matter for price...

This paper seeks to examine the nexus between market power and intermediation efficiency in the Kenyan banking system. Using bank-specific, annual balance sheet and profit and loss data for the period 2003-2018, we construct three measures of efficiency; overall efficiency, allocative efficiency...

The Kenyan credit market is characterised by imperfections that manifest themselves in imbalances in the form of credit gaps where supply deviates from its long-run trend. This paper extends the analysis of the credit market adjustment process beyond the conventional price mechanism, recognising...

This paper has the dual objective of establishing whether episodes of market shocks necessarily trigger the choice between more liquidity and more profitability and ascertaining whether the post-shock recovery path is one of liquidity giving way to non-liquid assets growth and, therefore, more...

Contrary to predictions that brick-and-mortar banking declines with increased financial innovations and technological adoptions, bank branch network between 2006 and 2018 has tripled and ATM networks have increased four-fold. In this paper, we examine whether network convenience matter for price...

With most economies seeking to tap on MSMEs to navigate beyond the devastating impact of Covid-19, this paper seeks to create an understanding of the MSMEs demand-side credit perspectives. Using 279 MSMEs from the KBA Inuka Enterprise program, we anchor our analysis on a three-step probit model...

Globally, credit scoring adoption has been on the rise on account of increased access to data, computing power, and the need for efficient credit allocation that is supportive of entrenching financial inclusion and economic growth. Relatedly, the adoption of risk-based pricing has gained...

With most economies seeking to tap on MSMEs to navigate beyond the devastating impact of Covid-19, this paper seeks to create an understanding of the MSMEs demand-side credit perspectives. Using 279 MSMEs from the KBA Inuka Enterprise program, we anchor our analysis on a three-step probit model...