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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...
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instruments with longer maturities (e.g., T-bills) in Kenya since 2012, year in which the monetary policy framework switched to a … forward-looking approach, relative to seven other inflation targeting (IT) countries (Ghana, Hungary,Poland, South Africa …, Sweden, Thailand, and Uganda). Kenya shows strong volatility transmission and high persistence similar to other countries in …
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One of the most important steps towards a greener economy is assessing the path through which climate risks are internalized in to bank portfolios. Aligned with literature on market risks and credit risks emanating from climate risk exposure, this paper sought to assess the feedback effect...
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