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Bank Failures in Zimbabwe: Lessons from the 2003-2004 Bank-wide Liquidity Crisis


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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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
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