Financial liberalisation in Zimbabwe : what went wrong?

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dc.contributor.advisorStandish, Barryen_ZA
dc.contributor.authorMaravanyika, Edwarden_ZA
dc.date.accessioned2016-02-24T11:17:11Z
dc.date.available2016-02-24T11:17:11Z
dc.date.issued1999en_ZA
dc.descriptionBibliography: pages 84-86.en_ZA
dc.description.abstractZimbabwe officially abandoned financial repression when it introduced financial liberalisation in 1991. Since independence in 1980, the government had used interest rate controls and strict foreign exchange regulations in order to control the economy. This mini-dissertation will analyse financial reforms in Zimbabwe from 1991 to 1997. The analysis will consider whether there were statistical grounds to believe that the financial liberalisation hypothesis would work. That is, do real interest rates in Zimbabwe have a statistically significant and positive relationship with real money demand and real savings? This paper will show that in Zimbabwe this relationship does indeed exist. The existence of such a relationship suggests that the freeing of interest rates in 1991 should have raised savings and financial intermediation as the theory predicts. However, as this did not happen, this paper will put forward reasons why, from 1991 to 1997, lifting controls in the economy did not increase savings as expected.en_ZA
dc.identifier.apacitationMaravanyika, E. (1999). <i>Financial liberalisation in Zimbabwe : what went wrong?</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/17238en_ZA
dc.identifier.chicagocitationMaravanyika, Edward. <i>"Financial liberalisation in Zimbabwe : what went wrong?."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 1999. http://hdl.handle.net/11427/17238en_ZA
dc.identifier.citationMaravanyika, E. 1999. Financial liberalisation in Zimbabwe : what went wrong?. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Maravanyika, Edward AB - Zimbabwe officially abandoned financial repression when it introduced financial liberalisation in 1991. Since independence in 1980, the government had used interest rate controls and strict foreign exchange regulations in order to control the economy. This mini-dissertation will analyse financial reforms in Zimbabwe from 1991 to 1997. The analysis will consider whether there were statistical grounds to believe that the financial liberalisation hypothesis would work. That is, do real interest rates in Zimbabwe have a statistically significant and positive relationship with real money demand and real savings? This paper will show that in Zimbabwe this relationship does indeed exist. The existence of such a relationship suggests that the freeing of interest rates in 1991 should have raised savings and financial intermediation as the theory predicts. However, as this did not happen, this paper will put forward reasons why, from 1991 to 1997, lifting controls in the economy did not increase savings as expected. DA - 1999 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 1999 T1 - Financial liberalisation in Zimbabwe : what went wrong? TI - Financial liberalisation in Zimbabwe : what went wrong? UR - http://hdl.handle.net/11427/17238 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/17238
dc.identifier.vancouvercitationMaravanyika E. Financial liberalisation in Zimbabwe : what went wrong?. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 1999 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/17238en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleFinancial liberalisation in Zimbabwe : what went wrong?en_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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