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Bank Failures in Zimbabwe: Lessons from the 2003-2004 Bank-wide Liquidity Crisis
Citation
Sithole, STM and Mtetwa, G, Bank Failures in Zimbabwe: Lessons from the 2003-2004 Bank-wide Liquidity Crisis, UniSwa Research Journal, 24 pp. 44-56. ISSN 1017-7442 (2009) [Refereed Article]
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Copyright Statement
Copyright 2018 University of Eswatini
Official URL: http://www.uniswa.sz/research/urc
Abstract
The question of bank failures using econometric models has been widely researched
worldwide but not in Zimbabwe. This paper builds and applies the logit and survival time
models to establish the factors that caused banks to fail in Zimbabwe after the December
2003 monetary policy statement. Overall results show that bank-specific, macroeconomic
and political factors have all contributed immensely to the collapse of the economy’s banks.
Surprisingly, events that happened prior to the monetary policy statement are still in
existence, thus policy makers can use the models herein to develop early warning systems
and setting screening conditions for bank license applications.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Keywords: | Banks, bank failures, econometric models, liquidity, Zimbabwe |
| Research Division: | Commerce, Management, Tourism and Services |
| Research Group: | Banking, finance and investment |
| Research Field: | Financial institutions (incl. banking) |
| Objective Division: | Expanding Knowledge |
| Objective Group: | Expanding knowledge |
| Objective Field: | Expanding knowledge in commerce, management, tourism and services |
| UTAS Author: | Sithole, STM (Dr Seedwell Sithole) |
| ID Code: | 123620 |
| Year Published: | 2009 |
| Deposited By: | TSBE |
| Deposited On: | 2018-01-15 |
| Last Modified: | 2018-08-20 |
| Downloads: | 1 View Download Statistics |
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