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The Global Financial Crisis and Adjustment to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective
Author:
Ms. Iyabo Masha
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Series:
Departmental Papers
Volume/Issue:
Volume 2009: Issue 007
Language:
English
Publication Date:
15 Dec 2009
DOI:
https://doi.org/10.5089/9781462360628.087
ISBN:
9781462360628
ISSN:
2616-5333
Pages:
44
Keywords:
DPPP; DP; foreign currency; share; securities; loan; currency; accounts receivable; net po; Intersectoral asset; net foreign currency position; foreign currency position; positions of Kenya; forex liability; Kenyan shilling; Currencies; Financial derivatives; Loans; Foreign currency exposure; Global
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The Departmental Paper Series presents research by IMF staff on issues of broad regional or cross-country interest. The views expressed in this paper are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper analyzes the impact of the global financial crisis on the banking systems in Kenya, Tanzania, and Uganda, and their responses to it, using information from banking system balance sheets. The paper undertakes two distinct analyses. In the first analysis, the focus is on the trend in intersectoral balances and positions in the long run, using annual data for 2001–08. The second analysis uses monthly data for December 2007–May 2009 to determine how intersectoral balance sheets adjusted in the short run to sudden changes in the economic environment during the recent global financial crisis.
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Cover Departmental Papers
Departmental Papers
ISSN:
2616-5333
Publisher:
International Monetary Fund