Dynamics of Domestic Debt in Kenya: Composition, Risks, and Financial Market Stability
Introduction Domestic debt is that part of public debt that is payable to creditors within the country. In Kenya, domestic debt is composed of treasury bills, treasury bonds, pre-1997 government overdraft at the Central Bank of Kenya (CBK), tax reserve certificates and commercial bank advances. Treasury bills and treasury bonds have on average accounted for […]
Dynamics of Domestic Debt in Kenya: Composition, Risks, and Financial Market Stability Read More »
