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

journal contribution
posted on 2023-05-19, 15:01 authored by Seedwell SitholeSeedwell Sithole, Mtetwa, G
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.

History

Publication title

UniSwa Research Journal

Volume

24

Pagination

44-56

ISSN

1017-7442

Department/School

TSBE

Publisher

University of Swaziland

Place of publication

Swaziland

Rights statement

Copyright 2018 University of Eswatini

Repository Status

  • Restricted

Socio-economic Objectives

Expanding knowledge in commerce, management, tourism and services

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