Antidote to promoting a savings culture: Zimbabwe post dollarisation
Zimbabwe adopted the multiple currency exchange rate system in 2009. There is general consensus on the benefits that accompanied the adoption of this exchange rate system, notably macroeconomic stability and improved financial intermediation. Deposits rose from US$1.3 billion in December 2009 to US$...
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| Language: | English |
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International Journal of Economics, Commerce and Management
2016
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| Online Access: | http://hdl.handle.net/11408/1437 |
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| author | Chikoko, Laurine |
| author_facet | Chikoko, Laurine |
| author_sort | Chikoko, Laurine |
| collection | DSpace |
| description | Zimbabwe adopted the multiple currency exchange rate system in 2009. There is general consensus on the benefits that accompanied the adoption of this exchange rate system, notably macroeconomic stability and improved financial intermediation. Deposits rose from US$1.3 billion in December 2009 to US$4.4 billion in January 2014 and further growing to US$5.1 billion by December 2014. Despite the upward trend, deposits have however remained short-term in nature signifying a low savings culture in Zimbabwe. The aim of this research is to provide insights on various strategies that can be adopted on part of the policy makers, industry developers and designers to promote a savings culture in Zimbabwe. These programs or
strategies range from ones that literally compel households to save, to those that make it hard not to save. The study recommends that policy makers, industry developers and designers underscore the range of possibilities that exist to meet the needs of heterogeneous savers. |
| format | Article |
| id | ir-11408-1437 |
| institution | My University |
| language | English |
| publishDate | 2016 |
| publisher | International Journal of Economics, Commerce and Management |
| record_format | dspace |
| spelling | ir-11408-14372022-06-27T13:49:06Z Antidote to promoting a savings culture: Zimbabwe post dollarisation Chikoko, Laurine Savings Culture; Policy Makers; Industry Developers, Designers, Strategies Zimbabwe adopted the multiple currency exchange rate system in 2009. There is general consensus on the benefits that accompanied the adoption of this exchange rate system, notably macroeconomic stability and improved financial intermediation. Deposits rose from US$1.3 billion in December 2009 to US$4.4 billion in January 2014 and further growing to US$5.1 billion by December 2014. Despite the upward trend, deposits have however remained short-term in nature signifying a low savings culture in Zimbabwe. The aim of this research is to provide insights on various strategies that can be adopted on part of the policy makers, industry developers and designers to promote a savings culture in Zimbabwe. These programs or strategies range from ones that literally compel households to save, to those that make it hard not to save. The study recommends that policy makers, industry developers and designers underscore the range of possibilities that exist to meet the needs of heterogeneous savers. 2016-05-20T09:51:26Z 2016-05-20T09:51:26Z 2015-12 Article 2348-0386 http://hdl.handle.net/11408/1437 en International Journal of Economics, Commerce and Management;Vol.3, Issue 12; p.609-617 open International Journal of Economics, Commerce and Management |
| spellingShingle | Savings Culture; Policy Makers; Industry Developers, Designers, Strategies Chikoko, Laurine Antidote to promoting a savings culture: Zimbabwe post dollarisation |
| title | Antidote to promoting a savings culture: Zimbabwe post dollarisation |
| title_full | Antidote to promoting a savings culture: Zimbabwe post dollarisation |
| title_fullStr | Antidote to promoting a savings culture: Zimbabwe post dollarisation |
| title_full_unstemmed | Antidote to promoting a savings culture: Zimbabwe post dollarisation |
| title_short | Antidote to promoting a savings culture: Zimbabwe post dollarisation |
| title_sort | antidote to promoting a savings culture: zimbabwe post dollarisation |
| topic | Savings Culture; Policy Makers; Industry Developers, Designers, Strategies |
| url | http://hdl.handle.net/11408/1437 |
| work_keys_str_mv | AT chikokolaurine antidotetopromotingasavingsculturezimbabwepostdollarisation |