in Journal of African Economies
January 2015; p ublished online December 2014 .
Journal Article. Subjects: Banking; Single Equation Models; Single Variables; Monetary Policy, Central Banking, and the Supply of Money and Credit; Money and Interest Rates. 9393 words.
This study investigates the effect of financial innovation on monetary policy in Kenya during the period 1998–2013; that is, whether the waves of financial innovation that have occurred...
in The Review of Financial Studies
November 2011; p ublished online September 2011 .
Journal Article. Subjects: Game Theory and Bargaining Theory; Production and Organizations; Money and Interest Rates; Economics; Financial Institutions and Services. 17910 words.
This article develops a model of a self-fulfilling credit market freeze and uses it to study alternative governmental responses to such a crisis. We study an economy in which operating...