The Impact of Financial Liberalization Policies: The Case of Botswana

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Ahmed, Abdullahi D (2006) The Impact of Financial Liberalization Policies: The Case of Botswana. Journal of African Development, 1 (1). pp. 13-38. ISSN 1060-6076

Abstract

Financial liberalization enables market forces to play a greater role in mobilizing resources, allocating credit, setting fi nancial asset prices and improving fi nancial intermediation. Many studies have claimed that these changes enhance savings, and improve effi ciency of investment, which ultimately ameliorate economic growth. This paper attempts to analyse the Botswana experience, where despite having an open economy for many decades, fi nancial liberalization was a major policy in the recent structural change. Our analysis show that, in line with the objectives of fi nancial liberalization program in Botswana, both the level of savings and effi ciency of investment, have shown some sign of improvement.

Item type Article
URI https://vuir.vu.edu.au/id/eprint/2889
Official URL http://www.afea.info/index.php?option=com_wrapper&...
Subjects Historical > Faculty/School/Research Centre/Department > Centre for Strategic Economic Studies (CSES)
Current > FOR Classification > 1401 Economic Theory
Keywords ResPubID11032; financial liberalization, mobilizing resources, allocating credit, financial asset prices, financial intermediation
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