Do Interest Rate Controls Work? Evidence from Kenya

Do Interest Rate Controls Work? Evidence from Kenya
This paper reviews the impact of interest rate controls in Kenya, introduced in September 2016. The intent of the controls was to reduce the cost of borrowing, expand access to credit, and increase the return on savings. However, we find that the law on interest rate controls has had the opposite effect of what was intended. Specifically, it has... READ MORE...

Publication date: May 2019
ISBN 9781498313957
$18.00

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