Mobile phone payments in Kenya

I took my oldest grandson, 16 year old Bryce Davidson, with me to Nairobi where I continued advising the Central Bank of Kenya for the IMF on formulating and implementing monetary policy. The CBK has lowered the inflation rate from over 20% in 2008 to under 5% over the last 12 months. Bryce helped me enjoy many of the beautiful sights of Kenya (see some of our picture in Facebook). Between our sightseeing and my work at the CBK, I managed to prepare a note on the fascinating development of mobile phone payments, which was published a few days ago in The Daily Caller.  http://dailycaller.com/2010/04/10/kenya-owes-monetary-advances-to-imf-world-bank/. Please rate it at the end of the article. Thanks

About wcoats

I specialize in advising central banks on monetary policy and the development of the capacity to formulate and implement monetary policy.  I joined the International Monetary Fund in 1975 from which I retired in 2003 as Assistant Director of the Monetary and Financial Systems Department. While at the IMF I led or participated in missions to the central banks of over twenty countries (including Afghanistan, Bosnia, Croatia, Egypt, Iraq, Israel, Kazakhstan, Kenya, Kosovo, Kyrgystan, Moldova, Serbia, Turkey, West Bank and Gaza Strip, and Zimbabwe) and was seconded as a visiting economist to the Board of Governors of the Federal Reserve System (1979-80), and to the World Bank's World Development Report team in 1989.  After retirement from the IMF I was a member of the Board of the Cayman Islands Monetary Authority from 2003-10 and of the editorial board of the Cayman Financial Review from 2010-2017.  Prior to joining the IMF I was Assistant Prof of Economics at UVa from 1970-75.  I am currently a fellow of Johns Hopkins Krieger School of Arts and Sciences, Institute for Applied Economics, Global Health, and the Study of Business Enterprise.  In March 2019 Central Banking Journal awarded me for my “Outstanding Contribution for Capacity Building.”  My most recent book is One Currency for Bosnia: Creating the Central Bank of Bosnia and Herzegovina. I have a BA in Economics from the UC Berkeley and a PhD in Economics from the University of Chicago. My dissertation committee was chaired by Milton Friedman and included Robert J. Gordon.
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