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Monetary Policy in Rwanda

1964—Present

  • Book
  • © 2021

Overview

Authors:
  1. Thomas Kigabo Rusuhuzwa

    1. College of Business and Economics, University of Rwanda, Kigali, Rwanda

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  • Explains how monetary policy can be strategically adjusted to be aligned with progressive development in the financial system of Rwanda
  • Elaborates on how key monetary policy concepts can be practically assessed and applied considering country specifics
  • Evaluates the impact and role of monetary policy communication

Part of the book series: Frontiers in African Business Research (FABR)

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Table of contents (5 chapters)

  1. Front Matter

    Pages i-x
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  2. Financial System Development and Monetary Policy

    • Thomas Kigabo Rusuhuzwa
    Pages 1-30

  3. Evolution of Monetary Policy Implementation in Rwanda

    • Thomas Kigabo Rusuhuzwa
    Pages 31-54

  4. Development of the Monetary Policy Framework in Rwanda

    • Thomas Kigabo Rusuhuzwa
    Pages 55-85

  5. Monetary Transmission Mechanism in Rwanda

    • Thomas Kigabo Rusuhuzwa
    Pages 87-110

  6. Monetary Policy Communication at the National Bank of Rwanda

    • Thomas Kigabo Rusuhuzwa
    Pages 111-131

  7. Back Matter

    Pages 133-161
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Keywords

About this book

This book analyzes evolution of monetary policy in Rwanda since it was first implemented by the National Bank of Rwanda in 1964 when the bank was established. It contributes to the understanding of monetary policy which is formulation and implementation in different stages of development of a financial system that comprises the financial market (money market and capital market), financial intermediaries such as commercial banks, and the financial sector infrastructures such as payment systems and the credit reference bureau. The book breaks down applied empirical research on the assessment of key assumptions of a monetary targeting framework, namely the stability of money multiplier and money demand using econometrics of time series, through a number of case studies. Presenting a detailed empirical analysis of the monetary transmission mechanism, one of the most analyzed topics in central banks in advanced economies, this book is a valuable read for central bankers and other researchers of monetary policy, particularly in developing economies. 

Authors and Affiliations

  • College of Business and Economics, University of Rwanda, Kigali, Rwanda

    Thomas Kigabo Rusuhuzwa

About the author

Thomas Kigabo Rusuhuzwa is Economist with over 15 years’ expertise in economic policy formulation and implementation both in Rwanda and in the East African Community (EAC). He has extensive experience in economic research and analysis, first as Chief Economist of the National Bank of Rwanda (Central Bank) and then as Researcher and Academic. He is currently Associate Professor at the College of Business, University of Rwanda, and Chief Economist and Director in Charge of monetary policy, research, and statistics at the National Bank of Rwanda. 

Bibliographic Information

  • Book Title: Monetary Policy in Rwanda

  • Book Subtitle: 1964—Present

  • Authors: Thomas Kigabo Rusuhuzwa

  • Series Title: Frontiers in African Business Research

  • DOI: https://doi.org/10.1007/978-981-33-6746-3

  • Publisher: Springer Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021

  • Hardcover ISBN: 978-981-33-6745-6Published: 08 February 2021

  • Softcover ISBN: 978-981-33-6748-7Published: 08 February 2022

  • eBook ISBN: 978-981-33-6746-3Published: 07 February 2021

  • Series ISSN: 2367-1033

  • Series E-ISSN: 2367-1041

  • Edition Number: 1

  • Number of Pages: X, 161

  • Number of Illustrations: 1 b/w illustrations, 54 illustrations in colour

  • Topics: African Economics, Macroeconomics/Monetary Economics//Financial Economics, Econometrics

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