Odhiambo, Nicholas M. - 2009
stepwisefashion. In the first model, the efficacy of interest rate liberalization isexamined by regressing the interest rate on the … interest rate liberalization on financialdeepening. In addition, the study finds that financial deepening,which resultsfrom … interest rate liberalization, Granger causes economic growth. The resultsapply irrespective of whether the causality is …