Reserve ratios as monetary policy instruments in Kenya
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Date
1985-06Author
Kanga, Maurice John P
Type
ThesisLanguage
enMetadata
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In this study, the possibility of making reserve ratios effective monetary policy instruments in Kenya was examined. Deposit components of money stock were found to be sensitive to changes in the ratio of the reserve assets to all deposit liabilities.ths suggested effectiveness of reserve ratio as a monetary policy control instrument. It was also found that banks do not maintain separate reserve ratios for different categories of deposits.
Sponsorhip
University of NairobiPublisher
Department of Economics, University of Nairobi