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...

Полное описание

Библиографические подробности
Главный автор: Alper, Emre
Другие авторы: Clements, Benedict, Hobdari, Niko, Porcel, Rafel Moya
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2019.
Серии:IMF Working Papers; Working Paper ; No. 2019/119
Online-ссылка:Full text available on IMF