Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009
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| Format: | Other |
| Language: | English |
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Midlands State University
2016
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| Online Access: | http://hdl.handle.net/11408/1354 |
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| _version_ | 1779905228355665920 |
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| author | Nkomazana, Njabulo Tambudzai, Zachary |
| author_facet | Nkomazana, Njabulo Tambudzai, Zachary |
| author_sort | Nkomazana, Njabulo |
| collection | DSpace |
| description | Conference Paper |
| format | Other |
| id | ir-11408-1354 |
| institution | My University |
| language | English |
| publishDate | 2016 |
| publisher | Midlands State University |
| record_format | dspace |
| spelling | ir-11408-13542022-06-27T13:49:05Z Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 Nkomazana, Njabulo Tambudzai, Zachary Foreign exchange crises, Zimbabwe Conference Paper The paper explores the main causes and effects as well as possible solutions to the foreign exchange crisis in Zimbabwe. It analyses the currency crisis development from 1997 to 2009. In the process, some of its economic consequences are explored. Since 1997, Zimbabwe experienced various socio-economic and political crises, and there seems to be causal linkages among them. The paper identified the major causes of the foreign currency crisis, among other factors, as the rigidity of the exchange rate, political instability, failure of the financial system, lack of international balance of payments support, lack of manufactured exports and a significant decline in traditional exports due to recurrent droughts and a chaotic land reform process. The crisis led to other socio-economic and political problems like inflation, unemployment, negative economic growth and unprecedented poverty levels. Possible remedies to the crisis include fiscal restraint, ensuring political stability, value addition to exports and re-engagement of the international community. 2016-05-17T11:54:50Z 2016-05-17T11:54:50Z 2009 Other http://hdl.handle.net/11408/1354 en open Midlands State University |
| spellingShingle | Foreign exchange crises, Zimbabwe Nkomazana, Njabulo Tambudzai, Zachary Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 |
| title | Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 |
| title_full | Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 |
| title_fullStr | Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 |
| title_full_unstemmed | Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 |
| title_short | Cause and effect analysis of the Zimbabwean foreign exchange crisis:This paper was presented at ‘Business and Management Conference’ at the University of KwaZulu Natal, Durban, South Africa. on the 5th – 7th November 2009 |
| title_sort | cause and effect analysis of the zimbabwean foreign exchange crisis:this paper was presented at ‘business and management conference’ at the university of kwazulu natal, durban, south africa. on the 5th – 7th november 2009 |
| topic | Foreign exchange crises, Zimbabwe |
| url | http://hdl.handle.net/11408/1354 |
| work_keys_str_mv | AT nkomazananjabulo causeandeffectanalysisofthezimbabweanforeignexchangecrisisthispaperwaspresentedatbusinessandmanagementconferenceattheuniversityofkwazulunataldurbansouthafricaonthe5th7thnovember2009 AT tambudzaizachary causeandeffectanalysisofthezimbabweanforeignexchangecrisisthispaperwaspresentedatbusinessandmanagementconferenceattheuniversityofkwazulunataldurbansouthafricaonthe5th7thnovember2009 |