This conference is very timely for several reasons. First, macroeconomic and financial stability is being pursued all over the world including India, following the Global Financial Crisis. Recovery from recessions following financial crises takes much longer due to the overhang of debt because high leverage is almost invariably the cause of all the financial crises.
CENTRAL BANK OF KENYA 7TH KENYA BANKERS ASSOCIATION ANNUAL BANKING CONFERENCE Thursday, September 27, 2018 Keynote Address by Dr. Patrick Njoroge, Governor, Central Bank of Kenya As Prepared for Delivery  Good morning! I want to begin by thanking the Kenya Bankers Association (KBA) for inviting me to speak at this auspicious Annual Banking Conference.