Does interest rate liberalisation positively or negatively affect financial deepening in Lesotho? The study examines this linkage by regressing the financial depth variable on real income, deposit rate, foreign aid, the expected inflation and the lagged value of financial depth. Using the ARDL -Bounds...
interest rate spreadsLesothoThis article investigates the determinants of commercial bank interest rate spreads in Lesotho using monthly time series data from January 2009 to December 2018. The Autoregressive Distributed Lag (ARDL) bounds testing approach is used to measure long‐run co﹊ntegration ...