Financial sector reforms and interest rate determination in Zambia

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.

Grantor dc:publisher.institution

School of Economics

Year dc:date.issued

2005

Author dc:creator

• Zgambo, Peter

Advisor dc:contributor.advisor

• Fedderke, Johannes

Language dc:language.iso

eng

Handle dc:identifier.uri

http://hdl.handle.net/11427/5672

OAI identifier oai:identifier

oai:open.uct.ac.za:11427/5672