The Global Financial Crisis and Adjustment to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective

December 15, 2009

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Iyabo Masha. The Global Financial Crisis and Adjustment to Shocks in Kenya, Tanzania, and Uganda: A Balance Sheet Analysis Perspective, (USA: International Monetary Fund, 2009) accessed September 19, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

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.

Subject: Currencies, Financial derivatives, Financial institutions, Foreign currency exposure, Insurance, Loans, Money, Securities

Keywords: Accounts receivable, Currencies, Currency, DP, DPPP, Financial derivatives, Foreign currency, Foreign currency exposure, Foreign currency position, Forex liability, Global, Intersectoral asset, Kenyan shilling, Loan, Loans, Net foreign currency position, Net po, Positions of Kenya, Securities, Share

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No 2009/007
Stock No:

GFCASEA
ISBN:

9781462360628
ISSN:

2616-5333

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