Interest rate reforms, financial depth and savings in Tanzania: A dynamic linkage

dc.contributor.author	Odhiambo N.M.	en
dc.date.accessioned	2012-11-01T16:31:26Z
dc.date.available	2012-11-01T16:31:26Z
dc.date.issued	2008	en
dc.identifier.citation	Savings and Development	en
dc.identifier.citation	32	en
dc.identifier.citation	2	en
dc.identifier.issn	3934551	en
dc.identifier.uri	http://hdl.handle.net/10500/7205
dc.description.abstract	In this paper, the impact of interest rate reforms on financial deepening and savings in Tanzania is examined using two models, namely the financial deepening model and the savings model. Using cointegration and error-correction techniques, the empirical results of this study reveal that there is abundant support for the positive impact of interest rate reforms on financial deepening in Tanzania. Likewise, the study finds financial deepening, which results from interest rate reforms, to have a positive influence on domestic savings. However, the study failed to find any strong support for the direct positive interest rate elasticity of savings in Tanzania.	en
dc.language.iso	en	en
dc.subject	Africa; Interest rate reforms; Savings; Tanzania cointegration analysis; error correction; financial system; interest rate; savings behavior; Africa; East Africa; Sub-Saharan Africa; Tanzania	en
dc.title	Interest rate reforms, financial depth and savings in Tanzania: A dynamic linkage	en
dc.type	Article	en