Economic management in a hyperinflationary environment : the political economy of Zimbabwe, 1980-2008 / edited by George Kararach and Raphael O. Otieno.

Format:

Book

Contributor:

Kararach, George, editor.

Otieno, Raphael O., editor.

Language:

English

Subjects (All):

Inflation (Finance).

Zimbabwe--Economic conditions--1980-.

Zimbabwe.

Economic conditions.

Zimbabwe--Economic policy--1980-.

Economic policy.

Structural adjustment (Economic policy)--Zimbabwe.

Structural adjustment (Economic policy).

Inflation (Finance)--Zimbabwe.

Physical Description:

xx, 554 pages : illustrations ; 24 cm

Edition:

First edition.

Place of Publication:

Oxford : Oxford University Press, 2016.

Summary:

This volume provides an accessible and up-to-date account of the difficulties that the Zimbabwean economy and its population experienced during the crisis that peaked in 2008. It details the suffering and chaos that befell the country with dramatic socio-economic consequences on growth, macroeconomic stability, service delivery, livelihoods, and development. The volume seeks to provide a political economy analysis of leadership and economic management in developing economies based on Zimbabwe's experience. It examines the triggers of the crisis, and the negative impact on productive sectors such as manufacturing and agriculture, social sectors such as education and health, and on financial services. The volume will be of interest to students of policy and economic management as well as to government departments, central banks in developing countries, development agencies, donors, and NGOs. Book jacket.

Contents:

1 The Political Economy and Evolution of Development Policy in Zimbabwe / George Kararach Kararach, George, Raphael O. Otieno Otieno, Raphael O., Tiviniton Makuve Makuve, Tiviniton 3

Part I Overview of the Crisis

2 Pre-Crisis Macroeconomic Performance and Triggers of the Economic Crisis in Zimbabwe / Arnold M. Chidakwa Chidakwa, Arnold M., Gibson Chigumira Chigumira, Gibson 23

Part II Productive Sector Performance

3 Response of the Manufacturing Sector to the Zimbabwe Economic Crisis / Cornelius Dube Dube, Cornelius, Erinah Chipumho Chipumho, Erinah 55

4 The Performance of the Tourism Sector in Zimbabwe during the 2000-08 Economic Crisis / Sanderson Abel Abel, Sanderson, Evengelista Mudzonga Mudzonga, Evengelista 85

5 Experiences in the Zimbabwe Hotel Industry during Hyperinflation / Miriam Mugwati Mugwati, Miriam, Doreen Nkala Nkala, Doreen, Eukeria Mashiri Mashiri, Eukeria 106

6 The Impact of Hyperinflation on the Agriculture Sector: Lessons from Zimbabwe, 1998-2008 / Brighton Shayanewako Shayanewako, Brighton, Elson Chuzu Chuzu, Elson, Adonis Tafirenyika Ntuli Ntuli, Adonis Tafirenyika 125

Part III Banking, Capital Markets, and Financial Services

7 Bank Failures in Zimbabwe: Evidence and Lessons, 2000-09 / Jonathan Tembo Tembo, Jonathan 139

8 Operations, Regulation, and Practices of the Zimbabwe Stock Exchange during the Hyperinflationary Period, 2000-08 / Sehliselo Mpofu Mpofu, Sehliselo, Jecob Nyamadzawo Nyamadzawo, Jecob 157

9 Stock Market Returns and Hyperinflation in Zimbabwe, 1998-2008 / Nyasha Mahonye Mahonye, Nyasha, Leonard Mandishara Mandishara, Leonard 199

10 The Pension Fund Industry Experiences during Hyperinflation / Desire T. Mutsawu Mutsawu, Desire T., Davison Sarawoi Sarawoi, Davison 213

Part IV Monetary Policy and Public Financial Management

11 Zimbabwe Monetary Policy, 1998-2012: From Hyperinflation to Dollarization / Mark J. Ellyne Ellyne, Mark J., Michael R. Daly Daly, Michael R. 249

12 Relegating the Core Business: The Case of the Reserve Bank of Zimbabwe Undertaking Quasi-Fiscal Activities, 2000-08 / Leonard Mandishara Mandishara, Leonard, David Mupamhadzi Mupamhadzi, David 290

13 Management of Public Debt in Zimbabwe during the Hyperinflationary Period / Jecob Nyamadzawo Nyamadzawo, Jecob, Bothwell Nyajena Nyajena, Bothwell 305

14 Monetary Policy Formulation and Implementation in a Hyperinflationary Environment: The Case of Zimbabwe, 2000-08 / Gladys Shumbambiri Shumbambiri, Gladys 336

Part V Social Dimensions of the Crisis

15 The Impact of Human Capital Losses in Zimbabwe: A Focus on the Public Sector for the Crisis Period, 2000-08 / Tawanda Chinembiri Chinembiri, Tawanda 379

16 The Social Protection Policy Responses in the Primary and Secondary Education Sector during the Crisis Period / Evengelista Mudzonga Mudzonga, Evengelista 403

17 The Health Sector's Response to the Impact of Hyperinflation: The Case of Zimbabwe / Shepard Mutsau Mutsau, Shepard 428

18 Social Challenges of Hyperinflation: A Case of Health and Education in Zimbabwe, 2000-08 / Sanderson Abel Abel, Sanderson 441

19 Health Care Finance and Health Outcomes during Zimbabwe's Economic Crisis / Nicholas Masiyandima Masiyandima, Nicholas 465

Part VI Concluding Remarks

20 Development Policy and Managing Shocks in Developing Countries: Lessons on Currency Reform in Zimbabwe / George Kararach Kararach, George 497.

Notes:

Includes bibliographical references and index.

ISBN:

9780198747505

0198747500

OCLC:

944314118