Coverart for item
The Resource Monetary policy implementation and volatility transmission along the yield curve : the case of Kenya, prepared by C. Emre Alper, Armando Morales, and Fan Yang

Monetary policy implementation and volatility transmission along the yield curve : the case of Kenya, prepared by C. Emre Alper, Armando Morales, and Fan Yang

Label
Monetary policy implementation and volatility transmission along the yield curve : the case of Kenya
Title
Monetary policy implementation and volatility transmission along the yield curve
Title remainder
the case of Kenya
Statement of responsibility
prepared by C. Emre Alper, Armando Morales, and Fan Yang
Creator
Contributor
Author
Publisher
Sponsor
Subject
Genre
Language
eng
Summary
This paper analyzes the degree to which volatility in interbank interest rates leads to volatility in financial 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 transition to a more forward-looking monetary policy framework. These results emphasize the importance of a strong commitment to an interbank rate as an operational target and suggest that the central bank could reduce uncertainty in short-term yields significantly by smoothing out the overnight interest rates around the policy rate
Member of
Cataloging source
DJB
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Alper, C. Emre,
Government publication
international or intergovernmental publication
Illustrations
illustrations
Index
no index present
LC call number
HG3881.5.I58
LC item number
W67 No. 16/120 ONLINE
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorDate
1951-
http://library.link/vocab/relatedWorkOrContributorName
  • Méndez Morales, Armando
  • Yang, Fan
  • International Monetary Fund
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/16/120
http://library.link/vocab/subjectName
  • Interest rates
  • Monetary policy
  • Interest rates
  • Monetary policy
  • Kenya
Label
Monetary policy implementation and volatility transmission along the yield curve : the case of Kenya, prepared by C. Emre Alper, Armando Morales, and Fan Yang
Instantiates
Publication
Copyright
Note
  • "June 2016."
  • At head of title: African Department
Bibliography note
Includes bibliographical references (page 17)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
956428058
Extent
1 online resource (29 pages)
Form of item
online
Isbn
9781498313377
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498313377.001
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2016120
  • (IMF)WPIEA2016120
  • (OCoLC)956428058
Label
Monetary policy implementation and volatility transmission along the yield curve : the case of Kenya, prepared by C. Emre Alper, Armando Morales, and Fan Yang
Publication
Copyright
Note
  • "June 2016."
  • At head of title: African Department
Bibliography note
Includes bibliographical references (page 17)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
956428058
Extent
1 online resource (29 pages)
Form of item
online
Isbn
9781498313377
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.5089/9781498313377.001
Other physical details
color illustrations
Specific material designation
remote
System control number
  • imfWPIEA2016120
  • (IMF)WPIEA2016120
  • (OCoLC)956428058

Library Locations

    • Pardee Legal Research CenterBorrow it
      5998 Alcalá Park, San Diego, CA, 92110-2492, US
      32.771471 -117.187496
Processing Feedback ...