Economics, Econometrics and Finance
4 years ago

Stable Money Demand in Kenya Paves the Way for Effective Monetary Policy

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The International Journal of Business & Management
Stability and Determinants of the Demand for Money in Kenya
Erickson Matundura, Leon Nyikuli

Paper Summary

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The study looked at how stable the demand for money is in Kenya and what factors influence it. Researchers used data from 1982 to 2014 and found that the demand for money in Kenya is stable. This means that the current system of using M2 as a target for monetary policy is working well. Policymakers should pay attention to how different factors affect money demand to make successful monetary and fiscal policies in Kenya.