Monetary and Exchange Rate Policy in Kenya

Ndung'u, N.S.

Working Papers from African Economic Research Consortium

Abstract: The paper assesses whether the exchange rate is affected by monetary policy and whether these effects are permanent or transitory. The paper takes the position that the exchange rate regime determines the flexibility of monetary policy.

Keywords: MONETARY POLICY; EXCHANGE RATE; AFRICA (search for similar items in EconPapers)
JEL-codes: E52 F31 (search for similar items in EconPapers)
Date: 1999

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