OXFORD UNIVERSITY PRESS

Economic Management in a Hyperinflationary Environment: The Political Economy of Zimbabwe, 1980-2008

ISBN : 9780198747505

Price(incl.tax): 
¥15,158
Author: 
George Kararach; Raphael O. Otieno
Pages
576 Pages
Format
Hardcover
Size
156 x 234 mm
Pub date
Feb 2016
Send mail
Print

This volume provides an accessible and up-to-date account of the difficulties that the Zimbabwean economy and its population experienced during the crisis which 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.

Index: 

Introduction
1 George Kararach, Raphael Otieno, and Tiviniton Makuve: The Political Economy and Evolution of Development Policy in Zimbabwe

PART I: OVERVIEW OF THE CRISIS
2 Arnold M. Chidakwa and Gibson Chigumira: Pre-Crisis Macroeconomic Performance and Triggers of the Economic Crisis in Zimbabwe

PART II: PRODUCTIVE SECTOR PERFORMANCE
3 Cornelius Dube and Erinah Chipumho: Response of the Manufacturing Sector to the Zimbabwe Economic Crisis
4 Sanderson Abel and Evengelista Mudzonga: The Performance of the Tourism Sector in Zimbabwe during the 2000-2008 Economic Crisis
5 Miriam Mugwati, Doreen Nkala, and Eukeria Mashiri: Experiences in the Zimbabwe Hotel Industry during Hyper-Inflation
6 Brighton Shayanewako, Elson Chuzu, and Adonis Ntuli: The Impact of Hyperinflation on the Agriculture Sector: Lessons from Zimbabwe 1998-2008

PART III: BANKING, CAPITAL MARKETS AND FINANCIAL SERVICES
7 Jonathan Tembo: Bank Failures in Zimbabwe: Evidence and Lessons, 2000 to 2009
8 Sehliselo Mpofu and Jecob Nyamadzawo: Operations, Regulation and Practices of the Zimbabwe Stock Exchange during the Hyper Inflationary Period (2000-2008)
9 Nyasha Mahonye and Leonard Mandishara: Stock Market Returns and Hyperinflation in Zimbabwe (1998-2008)
10 Desire T. Mutsawu and Davison Sarawoi: The Pension Fund Industry Experiences during Hyperinflation

PART IV: MONETARY POLICY AND PUBLIC FINANCIAL MANAGEMENT
11 Mark Ellyne and Michael Daly: Zimbabwe Monetary Policy 1998-2012: From Hyperinflation to Dollarization
12 Leonard Mandishara and David Mupamhadzi: Relegating the Core Business: The Case of the Reserve Bank of Zimbabwe Undertaking Quasi - Fiscal Activities 2000- 2008
13 Jecob Nyamadzawo and Bothwell Nyajena: Management of Public Debt in Zimbabwe During the Hyper Inflationary Period
14 Gladys Shumbambiri: Monetary Policy Formulation and Implementation in a Hyperinflationary Environment: The Case of Zimbabwe: 2000-2008

PART V: SOCIAL DIMENSIONS OF THE CRISIS
15 Tawanda Chinembiri: The Impact of Human Capital Losses in Zimbabwe: A focus on the Public Sector for the Crisis Period (2000-2008)
16 Evengelista Mudzonga: The Social Protection Policy Responses in the Primary and Secondary Education sector during the crisis period
17 Shepard Mutsau: The Health Sector's response to the impact of Hyperinflation: Case of Zimbabwe
18 Sanderson Abel: Social Challenges of Hyperinflation: A Case of Health and Education in Zimbabwe, 2000-2008
19 Nicholas Masiyandima: Health Care Finance and Health Outcomes during Zimbabwe's Economic Crisis

PART VI: CONCLUDING REMARKS
20 George Kararach: Development Policy and Managing Shocks in Developing Countries: Lessons on Currency Reform in Zimbabwe

About the author: 

George Kararach is Senior Consultant in the Statistics Department at The African Development Bank. He holds a PhD in Economics from Leeds University. He published three books: Macro-economic policy and the political limits of reforms in developing countries (ARRF, 2011), Rethinking development challenges for public policy in Africa (with K. Hanson and T. Shaw, Palgrave Macmillan, 2012), and Development Policy in Africa: mastering the future? (Palgrave Macmillan, 2014). Dr Kararach has previously worked for UNICEF, UNDP, and the African Capacity Building Foundation. ; Raphael O. Otieno is Director of Debt Management Programme at Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) in Harare. He holds an M.A. in Public Policy from the National Graduate Institute for Policy Studies (GRIPS), Tokyo, Japan, and a B.A. in Economics from the University of Nairobi. Mr Otieno has much experience in public finance and macroeconomic analysis. He has held senior positions in Kenya's public service including the Ministries of Finance and Planning, as Policy Analyst at the Kenya Institute for Public Policy Research and Analysis (KIPPRA), and as Senior Research Officer/Economist at the Central Bank of Kenya.

The price listed on this page is the recommended retail price for Japan. When a discount is applied, the discounted price is indicated as “Discount price”. Prices are subject to change without notice.