An Empirical Analysis of Interest Rate Spread in Kenya |
Common terms and phrases
Adjustment adverse selection AERC bank's banking sector capital market cash ratio central bank Cointegration Cointegration results collateral commercial banks competitive credit market credit risk Demirguc-Kunt and Huizinga deposits and loans discount window Equation Excess liquidity Exchange Rate Policy exogenous expansionary fiscal policy F-statistic faced financial institutions financial market financial reform financial sector Foreign Exchange Ghana government securities growth implicit costs implicit tax inflation inflationary pressure information asymmetry inter-bank market Inter-bank rate interest margin interest rate risk interest rate spread interest spread intermediation process investment Kenya loan and deposit loan rate Macroeconomic market power maximum lending rate money supply NBFIs Nigeria non-performing loans percentage points performing loans period positive relationship prerequisites for successful profit Real deposits real loans reduced Regression results Research Paper reserve requirement risk premium saving rate successful financial liberalization Table Tanzania tight monetary policy treasury bill rate variables weak legal system widening spread