Njuguna Ndung’u: Implications of capital flight for macroeconomic management and growth in Sub-Saharan Africa Keynote address by Prof Njuguna Ndung’u, Governor of the Central Bank of Kenya, at the Senior Policy Seminar on Implications of Capital Flight and Macroeconomic Management and Growth in Sub-Saharan Africa, South African Reserve Bank, Pretoria, 30 October 2007.
Still, when it comes to Canada, it is worth noting the different reaction in domestic financial markets this time compared with our experience during the Mexican currency crisis of early 1995. Back then, the international financial turmoil had the effect of focusing market attention on Canada’s fiscal problems, causing investors to demand higher risk premiums.