Do Interest Rate Controls Work? : Evidence from Kenya /

This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the controls was to reduce the cost of borrowing, expand access to credit, and increase the return on savings. However, we find that the law on interest rate controls has had the opposite ef...

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Detalhes bibliográficos
Autor principal: Alper, Emre
Outros Autores: Clements, Benedict, Hobdari, Niko, Porcel, Rafel Moya
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2019.
Colecção:IMF Working Papers; Working Paper ; No. 2019/119
Acesso em linha:Full text available on IMF