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About DFI 301 Lecture Four - Central Banking
This document discusses central banking. It outlines the roles and functions of the Central Bank of Kenya, including implementing monetary policy, issuing currency, acting as a bank for the government and banks, and maintaining foreign exchange reserves. The document emphasizes the importance of central bank independence for credibility. It describes four ways for the government to achieve fiscal credibility: establishing a track record, tying its hands to preclude inflation, locking in future adjustments, and signaling change. Central bank independence can be measured by the governor's tenure, the bank's role in policy formulation, its objectives, and restrictions on lending to the government.
Detailed Information
| Author: | ['Kelvin Oronge'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 6 |
| Language: | English |
| Format: | |
| Price: | FREE |
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