Search

Economic theory on trade flows postulates that depreciation does not guarantee an automatic improvement of the Balance of Payment (BoP) unless the Marshall-Lerner (M-L) condition is fulfilled. In this regard, most Sub-Saharan African countries (including Zambia) are still grappling with the...

This study investigated the empirical evidence on the effect of exchange volatility on private capital inflows in Zambia. The investigation used monthly time series data for the period 1992-2012 relating to exchange rate, gross domestic product, foreign direct investment and foreign portfolio...