Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard

 

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dc.contributor.advisor Biekpe, Nicholas en_ZA
dc.contributor.author Ushewokunze, Mutemwa Tendayi en_ZA
dc.date.accessioned 2018-11-07T13:03:36Z
dc.date.available 2018-11-07T13:03:36Z
dc.date.issued 2014 en_ZA
dc.identifier.citation Ushewokunze, M. 2014. Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/29034
dc.description.abstract Historical analysis suggests that in the short to medium term, dollarization as a monetary policy measure, post a period of high inflation, reduces economic volatility, stabilises the inflation of goods and services, and restores economic predictability. However, in fully dollarized economics (as opposed to dual currency economies,) in the medium term, the effects of dollarization do not create a suitable environment for long term sustainable growth. This paper discusses the benefits and challenges of full dollarization and suggests a further policy measure of re-introducing the local currency through a managed regime. The paper looks to smoothing out money supply volatility through Zimbabwe dollar introduction. Understanding the responsiveness of the economy to monetary liquidity is explained through theoretical and extrapolative statistical analysis derived from a short-range historic time series. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Development Finance en_ZA
dc.title Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard en_ZA
dc.type Master Thesis
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department Research of GSB en_ZA
dc.type.qualificationlevel Masters
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image
dc.identifier.apacitation Ushewokunze, M. T. (2014). <i>Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,Research of GSB. Retrieved from http://hdl.handle.net/11427/29034 en_ZA
dc.identifier.chicagocitation Ushewokunze, Mutemwa Tendayi. <i>"Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard."</i> Thesis., University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014. http://hdl.handle.net/11427/29034 en_ZA
dc.identifier.vancouvercitation Ushewokunze MT. Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard. [Thesis]. University of Cape Town ,Faculty of Commerce ,Research of GSB, 2014 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/29034 en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Ushewokunze, Mutemwa Tendayi AB - Historical analysis suggests that in the short to medium term, dollarization as a monetary policy measure, post a period of high inflation, reduces economic volatility, stabilises the inflation of goods and services, and restores economic predictability. However, in fully dollarized economics (as opposed to dual currency economies,) in the medium term, the effects of dollarization do not create a suitable environment for long term sustainable growth. This paper discusses the benefits and challenges of full dollarization and suggests a further policy measure of re-introducing the local currency through a managed regime. The paper looks to smoothing out money supply volatility through Zimbabwe dollar introduction. Understanding the responsiveness of the economy to monetary liquidity is explained through theoretical and extrapolative statistical analysis derived from a short-range historic time series. DA - 2014 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2014 T1 - Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard TI - Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard UR - http://hdl.handle.net/11427/29034 ER - en_ZA


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