Browsing by Author "Mugizi, Francisco M. P."

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    The Determinants of Interest Rate Spreads in Developing Countries: Evidence on Tanzania, 1991-2009
    (2011) Aikaeli, Jehovaness; Mugizi, Francisco M. P.; Ndanshau, Michael O. A.
    The now market based financial system in Tanzania is characterized by relatively high interest rate spreads. This paper sought to establish relative importance of macroeconomic and regulatory factors in explaining persistence of interest rate spread in Tanzania during the period 1991:I - 2009:IV. A Cointegration and Error Correction Model (ECM) was used to fit the data for Tanzania. The results revealed the interest rate spreads in Tanzania were strongly influenced by net government borrowing from commercial banks, development of the banking sector, statutory minimum reserve requirement and the discount rate. Among others, the results suggest the importance of low discount rate and reduced or total dispense with reserve requirement as a monetary policy strategy to reduce interest rate spreads in Tanzania. Importance of price stability in financial deepening is also underscored by the results.
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    Household Resilience to Food and Nutrition Insecurity during COVID‑19 in Tanzania
    (Springer, 2022) Mkupete, Mkupete Jaah; Donath, Livini Tesha; Mugizi, Francisco M. P.
    We examine food and nutrition security and the household’s ability to respond adequately to shock and stressors during the COVID-19 pandemic. Specifically, we assess household resilience to food insecurity and its relation to future food security. We use two survey rounds collected during the pandemic–before and after the second wave of the pandemic– from the vulnerable population living in slums in Tanzania. The findings reveal that many households have low resilience to shock. We find that COVID-19 reduced access to food in 68% of the households and left about 30% without any food to eat. We also find that micronutrient consumption significantly declined among households who reported food insecurity following the second wave of COVID-19. We also find that the probability of experiencing food insecurity reduced with the initial resilience level. High resilient households have a higher likelihood of maintaining or diversifying more their diets even when are exposed to shock. The disruption of income-generating activities was found as a leading pathway through which COVID-19 affected household food security. The findings suggest that with persisting COVID-19 pandemic and the low level of micronutrients consumption, the nutrition of children and adult household members of the vulnerable population is at stake.