Determining if Kenya’s foreign debt portfolio management is optimal

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dc.contributor.authorSigey, Mercy Chepkoech
dc.date.accessioned2021-03-03T08:20:19Z
dc.date.available2021-03-03T08:20:19Z
dc.date.issued2017
dc.descriptionA Research project submitted in partial fulfillment of the requirements for the Degree of Bachelor of Business Science in Financial Economics at Strathmore Universityen_US
dc.description.abstractThe study seeks to define Kenya's optimal external debt portfolio. The optimization scheme employed minimizes foreign liabilities in a foreign debt portfolio which includes a combination of foreign assets and liabilities of the country in question, which in this case is Kenya. It will involve comparing the optimal foreign debt portfolio with the currency exchange rates. The time series data that will be used consists of exchange rate data for the period from 1970 to 2016 and the percentage of external long-term public and publicly guaranteed debt share contracted in Japanese yen, Swiss Franc, U .K pound sterling for Kenya. The study will apply the cointegration methodology where it involves first carrying out unit root tests on the data to find out whether it is stationary. Thereafter, introduce the cointegration tests which will be used to form the results and discussions of this study. Ideally, a debt portfolio will be deemed optimal if movements in the exchange rates do not granger cause changes in the debt shares denominated in the corresponding currency.en_US
dc.identifier.urihttp://hdl.handle.net/11071/10166
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectCointegration testsen_US
dc.subjectForeign debt portfolio optimizationen_US
dc.titleDetermining if Kenya’s foreign debt portfolio management is optimalen_US
dc.typeLearning Objecten_US
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