CEU Electronic Theses and Dissertations, 2014
| Author | Mutahi, Njoroge |
|---|---|
| Title | The Effects of the East African Monetary Integration on County Financing in Kenya |
| Summary | The purpose of this thesis is to form a county financing structure in Kenya that enables county borrowing in the cheapest, most risk-averse manner with respect to the upcoming East African Monetary Union. The research question is therefore: Considerate of the East African Monetary Union, what fiscal policies can Kenya pursue at the East African Community to safeguard the optimal structure of county financing in Kenya? This thesis deduces through process of elimination and reference to other countries a method of county financing that minimizes costs and risk. This thesis then analyzes the EAC with economic theory on regional integration. The limitations of economic theory are illuminated and alternatives are presented. Through analyzing what the EU did when forming a monetary union, this thesis formulates a way of harmonizing county borrowing in Kenya with a proposed EAC fiscal policy that ensures economic stability within the region. This thesis appreciates the relative limitations that the EAC may have on county financing but proposes a structure that instead ensures macroeconomic stability. |
| Supervisor | Lajos Bokros |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2014/mutahi_njoroge.pdf |
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