The exchange rate and the interest rate differential in Kenya: a monetary and fiscal policy dilemma

"This paper analyses the relationship between real exchange rate movements and the real interest rate differential. Its main objective in doing this is to argue the case for non-intervention in the foreign exchange market to sterilize short-term capital flows."--P. 21.

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Bibliographic Details
Main Author: Ndung'u, Njuguna (Author)
Format: Book
Language:English
Published: Nairobi, Kenya Kenya Institute for Public Policy Research and Analysis 2000
Series:KIPPRA discussion paper 1
Subjects:
Summary:"This paper analyses the relationship between real exchange rate movements and the real interest rate differential. Its main objective in doing this is to argue the case for non-intervention in the foreign exchange market to sterilize short-term capital flows."--P. 21.
Physical Description:X, 26 S.
ISBN:9966949011

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