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Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard
Historical analysis suggests that in the short to medium term, dollarization as a monetary policy measure, post a period of high inflation, reduces economic volatility, stabilises the inflation of goods and services, and restores economic predictability. However, in fully dollarized economics (as op...
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| Format: | Thesis |
| Language: | English |
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Research of GSB
2018
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| _version_ | 1867613342020927488 |
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| access_status_str | Open Access |
| author | Ushewokunze, Mutemwa Tendayi |
| author2 | Biekpe, Nicholas |
| author_browse | Biekpe, Nicholas Ushewokunze, Mutemwa Tendayi |
| author_facet | Biekpe, Nicholas Ushewokunze, Mutemwa Tendayi |
| author_sort | Ushewokunze, Mutemwa Tendayi |
| collection | Thesis |
| description | Historical analysis suggests that in the short to medium term, dollarization as a monetary policy measure, post a period of high inflation, reduces economic volatility, stabilises the inflation of goods and services, and restores economic predictability. However, in fully dollarized economics (as opposed to dual currency economies,) in the medium term, the effects of dollarization do not create a suitable environment for long term sustainable growth. This paper discusses the benefits and challenges of full dollarization and suggests a further policy measure of re-introducing the local currency through a managed regime. The paper looks to smoothing out money supply volatility through Zimbabwe dollar introduction. Understanding the responsiveness of the economy to monetary liquidity is explained through theoretical and extrapolative statistical analysis derived from a short-range historic time series. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/29034 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:34:36.552Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | Research of GSB |
| publisherStr | Research of GSB |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/29034 Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard Ushewokunze, Mutemwa Tendayi Biekpe, Nicholas Development Finance Historical analysis suggests that in the short to medium term, dollarization as a monetary policy measure, post a period of high inflation, reduces economic volatility, stabilises the inflation of goods and services, and restores economic predictability. However, in fully dollarized economics (as opposed to dual currency economies,) in the medium term, the effects of dollarization do not create a suitable environment for long term sustainable growth. This paper discusses the benefits and challenges of full dollarization and suggests a further policy measure of re-introducing the local currency through a managed regime. The paper looks to smoothing out money supply volatility through Zimbabwe dollar introduction. Understanding the responsiveness of the economy to monetary liquidity is explained through theoretical and extrapolative statistical analysis derived from a short-range historic time series. 2018-11-07T13:03:36Z 2018-11-07T13:03:36Z 2014 Master Thesis Masters MCom http://hdl.handle.net/11427/29034 eng application/pdf Research of GSB Faculty of Commerce University of Cape Town |
| spellingShingle | Development Finance Ushewokunze, Mutemwa Tendayi Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard |
| thesis_degree_str | Master's |
| title | Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard |
| title_full | Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard |
| title_fullStr | Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard |
| title_full_unstemmed | Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard |
| title_short | Zimbabwe dollarisation: short term gift, long term curse - reintroducing the Zimbabwe dollar using the gold standard |
| title_sort | zimbabwe dollarisation short term gift long term curse reintroducing the zimbabwe dollar using the gold standard |
| topic | Development Finance |
| url | http://hdl.handle.net/11427/29034 |
| work_keys_str_mv | AT ushewokunzemutemwatendayi zimbabwedollarisationshorttermgiftlongtermcursereintroducingthezimbabwedollarusingthegoldstandard |