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Zimbabwean Commercial Banks Performance under Multiple-Currency System: A Dynamic Panel Data Analysis

Caroline Makumbe et al.

African Finance Journal2020https://doi.org/10.10520/ejc-finj-v22-n2-a3article
AJG 1
Weight
0.34

What the paper says

This paper econometrically examines commercial bank performance during the multiple currency period from 2009-2018. A dynamic panel-data model theorized on the Structure-Conduct-Performance paradigm was estimated using the differencegeneralized method-of-moments (GMM) approach. The key finding is that the multiple currency system, through growth in deposits and money supply, delivered a statistically significant but weak improvement in bank performance. Accordingly, we welcome the recent scrapping of the multiple currency system. Nonetheless, monetary authorities should focus on money supply targeting to contain inflation and preserve the value of the local currency. Furthermore, banks should employ competitive strategies and be resilient to systematic risk to enhance performance.

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https://doi.org/https://doi.org/10.10520/ejc-finj-v22-n2-a3

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@article{caroline2020,
  title        = {{Zimbabwean Commercial Banks Performance under Multiple-Currency System: A Dynamic Panel Data Analysis}},
  author       = {Caroline Makumbe et al.},
  journal      = {African Finance Journal},
  year         = {2020},
  doi          = {https://doi.org/https://doi.org/10.10520/ejc-finj-v22-n2-a3},
}

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Zimbabwean Commercial Banks Performance under Multiple-Currency System: A Dynamic Panel Data Analysis

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Evidence weight

0.34

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.