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For a very long time, the history of banks in Zambia was that of firm, stable and reliable institutions. The events of the past ten years have however sadly changed this picture. Depositors no longer have the confidence and guaranteed security over their investments. The reputation and image of...

This study investigated the impact of public investment on private investment and real output in Zambia, utilising time series data for the period 1980-2008. A Cointergrated Vector Autoregressive Model (VAR) was employed. Based on the existence of a long run Cointergrating relationship, the short...

This study has investigated the sustainability of Zambia’s domestic debt (mainly composed of Government securities). Most of Zambia’s external debt has been forgiven and donors have put in place measures to avoid a repeat of an accumulation of an unsustainable external debt stock. Zambia’s...

Financial intermediation is essential for economic development. The consensus is that Zambia needs a stable and efficient banking system in order to finance both private and public investment and expenditures. The effectiveness of the banking system in channelling funds from surplus to deficit...

This study considers the impact of financial liberalisation policy on savings and investment in Zambia for the period 1964 to 1996. It examines the relationship between positive real domestic interest rates and savings and investment. Real domestic interest rates are a proxy for financial...

Financial intermediation is essential for economic development. The consensus is that Zambia needs a stable and efficient banking system in order to finance both private and public investment and expenditures. The effectiveness of the banking system in channelling funds from surplus to deficit...

Economic theory states that in situations of few well established enterprises, competition and consumer welfare is usually affected. The reduction in competition among other things results into consumers facing poorer service, and higher prices of goods and services. A number of studies in the...

The question of foreign investment has many dimensions and is accompanied by varied opinions especially in the context of the developing countries. In the newly independent countries of Africa, Asia and South America the admission of foreign investors to the economies of the nation states has met...