Impact of exchange rate volatility on inflation rates in Kenya: GARCH model approach

dc.contributor.author	Maina, Nathaniel Mugambi
dc.date.accessioned	2019-05-07T12:46:31Z
dc.date.available	2019-05-07T12:46:31Z
dc.date.issued	2018
dc.description	A Research project Submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Financial Economics at Strathmore University	en_US
dc.description.abstract	The purpose of this research is to find out the effect of exchange rate volatility on inflation rates in Kenya. The methodology involves the use of generalized autoregressive conditional heteroskedastic (GARCH) approach in modeling exchange rate volatility in Kenya and finding the effect it has on the inflation rate. The research applies both asymmetric and symmetric models that capture most common stylized facts about exchange rate returns such as volatility clustering and leverage effect. The period of focus is between 2005 and 2015 and the empirical results show that there is volatility clustering and that exchange rates have an impact on inflation rates. The study is valuable to the central bank of Kenya, research institutes, commercial banks and investment firms.	en_US
dc.identifier.uri	http://hdl.handle.net/11071/6481
dc.language.iso	en_US	en_US
dc.publisher	Strathmore University	en_US
dc.subject	Exchange rates	en_US
dc.subject	inflation	en_US
dc.subject	GARCH model	en_US
dc.subject	Volatility	en_US
dc.title	Impact of exchange rate volatility on inflation rates in Kenya: GARCH model approach	en_US
dc.type	Thesis	en_US

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