Njoroge and Murinde have edited a brilliant volume, with contributions from leading researchers and eminent personalities in banking and finance, altogether providing authoritative coverage of the evolution of central banking and the financial system in Kenya, including financial innovation and rare insights into monetary policy and bank regulation. For policy makers and practitioners interested in understanding the evolution of central banking and how this intrinsically shapes the development of the financial system, this book is a must read.
Dr. Retselisitsoe Adelaide Matlanyane, Governor, Central Bank of Lesotho
This is a great book. It provides a thorough account of the evolution of central banking and the financial system in Kenya, including financial innovation such as mobile money (MPESA). Policy makers, practitioners in the financial sector, teachers and students will find this book an invaluable source of information, with many original contributions from eminent researchers.
Panicos Demetriades, Professor of Financial Economics, University of Leicester; former European Central Bank Governing Council Member and Governor of the Central Bank of Cyprus
This book represents a blueprint on central banking in Kenya. It is a comprehensive treatise, which analyses the issues involved in the evolution of central banking in Kenya, with insights into monetary policy, bank regulation, payment systems, financial innovation, and the interbank market. The volume is a useful companion to anyone who has an interest in central banking and the financial sector in Kenya, in an East African as well as a global context.
Leonce Ndikumana, Distinguished Professor & Director, African Development Policy Programme, Political Economy Research Institute (PERI), University of Massachusetts at Amherst
The volume features path-breaking contributions from top scholars and high-profile practitioners and policy makers, on important issues around the evolution of central banking in Kenya and tracing important landmarks such as the evolution of fintech in Kenya. The book is written in a clear and crisp style. It should be read by everyone who wishes to explore the evolution of central banking and the dynamics of the financial system in Kenya as well as other developing economies.
Robert Lensink, Professor of Finance and Financial Markets, University of Groningen
A superb volume. This is a book to read and enjoy for all those interested in monetary and financial issues in Kenya and the Eastern African region. The book has exemplary implications for other emerging economies.
Andrew W. Mullineux, Professor of Financial Economics, University of Birmingham