Browsing by Author "Zgambo, Peter"

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    Financial sector reforms and interest rate determination in Zambia
    (2005) Zgambo, Peter; Fedderke, Johannes
    This thesis is concerned with an empirical investigation of the determinants of lending rates in Zambia in the aftermath of financial sector reforms. Cointegration techniques in a multivariate framework are employed to investigate the issue. Empirical findings indicate the presence of long-run cointegrating relationships between the lending rate, money supply, expected inflation, domestic debt, expected domestic currency depreciation or appreciation and foreign interest rates.