About the KBA Centre for Research on Financial Markets and Policy®

The Kenya Bankers Association Centre for Research on Financial Markets and Policy® was established in 2012 to offer an array of research, commentary, and dialogue regarding critical policy matters that impact on financial markets in Kenya. The Centre sponsors original research, provides thoughtful commentary, and hosts dialogues and conferences involving scholars and practitioners on key financial market issues. Through these activities, the Centre acts as a platform for intellectual engagement and dialogue between financial market experts, the banking sector and the policy makers. It therefore contributes to an informed discussion that influences critical financial market debates and policies.

The Kenya Bankers Association (KBA) Working Papers Series (WPS) disseminates research findings of studies conducted by the Centre. The Working Papers constitute “Work-in-Progress” and are published to stimulate discussion and contribute to the advancement of the banking industry’s knowledge on matters of markets, economic outcomes, and policy. Constructive feedback on the Working Papers is welcome.

The Working Papers are published in the names of the author(s). Therefore, their views do not necessarily represent those of the KBA.

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