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dc.contributor.authorKosimbei, G. K.
dc.date.accessioned2016-04-20T11:55:25Z
dc.date.available2016-04-20T11:55:25Z
dc.date.issued2003-09
dc.identifier.citationDisparities in Social Sciences, Politics and Gender, Vol. 1en_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/14609
dc.descriptionFourth international conference proceeedings of the association of third world studies, inc. Kenya chapteren_US
dc.description.abstractFinancial markets are important in the process of economic growth and development in their role in savings mobilization. Despite the limited range of financial assets available to savers in developing nations, monetarization ratios are generally lower for such countries than for developed countries. The menu of assets available to private savers in developing countries from the formal financial system is often limited to cash, demand deposits, time deposits and sometimes government securities. Thepaper utilizes granger causality, unit root tests and Ordinary Least squaresregression to estimate the relevance of monetarization of the economy. Evidence from statistical data shows that causality exists from growth of GDP to monetarization of the economy, which was the main objective of this study. The unit root test reveals that growth of GDP is stationary at levels whereas Monetarization ratios are stationary atfirst difference. Theresults are consistent with economic theory. The major recommendation is that the government should reduce the restrictions on banks, especially the reserve ratio. This will allow banks to create more credit, and with competition lending rates will reduce, hence increased investments.en_US
dc.description.sponsorshipCultural Council of the Embassy of the Islamic Republic of Iran, Kenyatta University, Jomo Kenyatta Foundation,Textbook Centre, Inter-University Council for East Africa and HACO Industries.en_US
dc.language.isoenen_US
dc.titleFinancial markets disparities in developed and developing countriesen_US
dc.title.alternativeDisparities in developing countries types, challenges and the way forward.
dc.typePresentationen_US


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