Pantaleo Kessy

Content by Pantaleo Kessy

• Project

  Exchange rate study (Phase 1)

  This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

  4 Sep 2014 | Christopher Adam, Pantaleo Kessy, Camillus Kombe, Stephen O'Connell

• Publication - Working Paper

  The Demand for Money in Tanzania (Working Paper)

  2 Sep 2014 | Christopher Adam, Pantaleo Kessy, Johnson J. Nyella, Stephen O'Connell

  
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• Blog post

  Beating the addiction to dollars: Policy options for Tanzania

  "The use of the US dollar as a unit of account, medium of exchange and store of value in Tanzania has raised concerns among policymakers and the general public. The percentage share of Tanzania’s bank deposits that are denominated in US dollars is higher than that of Kenya, which has the biggest economy and most developed financial sector in the region. Also, absolute...

  6 Dec 2013 | Pantaleo Kessy

• Project

  Support to the Monetary Affairs Committee (MAC) of the East African Community (EAC)- 2

  This paper was commissioned by the Economic Affairs sub-committee of the East African Community Monetary Affairs Committee. The paper offers a template for Partner State central banks to employ in developing common operational and analytical approaches to understanding the evolution and behaviour of the money multiplier in the context of reserve money-based monetary...

  1 May 2012 | Pantaleo Kessy

• Project

  Support to the Monetary Affairs Committee (MAC) of the East African Community (EAC) -1

  This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

  1 Apr 2012 | Stephen O'Connell, Christopher Adam, Pantaleo Kessy,

• Publication - Working Paper

  Exchange Rate Arrangements in the Transition to East African Monetary Union (Working Paper)

  1 Feb 2012 | Christopher Adam, Pantaleo Kessy, Camillus Kombe, Stephen O'Connell

  
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• Project

  Exchange Rate Study

  This report considers alternative exchange rate arrangements for EAC countries in the transition to a monetary union. This paper by Christopher S. Adam (Oxford University), Pantaleo Kessy (Bank of Tanzania and IGC), Camillus Kombe (Bank of Tanzania) and Stephen A O’Connell (Swarthmore College) is the outcome of research collaboration between staff of the Department of...

  1 Aug 2011 | Christopher Adam, Pantaleo Kessy, Stephen O'Connell

• Publication - Working Paper

  Assessing the stability and predictability of the money multiplier in the EAC: The Case of Tanzania (Working Paper)

  1 May 2011 | Christopher Adam, Pantaleo Kessy

  
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• Publication - Working Paper

  Dollarisation in Tanzania (Working Paper)

  1 Apr 2011 | Pantaleo Kessy

  
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• Project

  Dollarisation in Tanzania

  The use of U.S dollar as unit of account, medium of exchange and store of value in Tanzania has raised concerns among policy makers and the general public. This paper attempts to shed some light on the key stylized facts of dollarization in Tanzania and the EAC region. We show that compared to other EAC countries, financial dollarization in Tanzania is high, but steadily...

  1 Oct 2009 | Pantaleo Kessy, Christopher Adam

• Project

  The Demand for Money in Tanzania

  We develop an econometric model of the demand for M2 in Tanzania, using quarterly data from 1998 to the present. The continuous decline in velocity since the late 1990s is associated with a transformation of economic activity that has cumulatively increased the monetary intensity of GDP. Portfolio behavior also responds to expected inflation and to exchange rate...

  1 Sep 2009 | Stephen O'Connell, Pantaleo Kessy, Christopher Adam, Johnson J. Nyella