This paper examines the dynamic impact of interest ratereforms on economic growth in Zambia—using two models in a stepwisefashion. In the first model, the efficacy of interest rate liberalization isexamined by regressing the interest rate on the level of financial deepening.In the second...

This paper studies the institutional factors, that tend to matter for capital inflows, for middle-income Sub-Saharan African (SSA) countries. Previous studies have focused more on macroeconomic push and pull factors and less on institutional factors. The paper aims to contribute to a better...