Economic and Financial Review

Alternative Title

Financial Reforms and Interest Rate Spreads in the Commercial Banking System in Malawi by E. W. Chirwa and Mlachila, IMF Staff Papers, Vol. 51, No.1, 2004.


R. O. Olaitan


Central Bank of Nigeria, Research Department.


Financial reforms, Interest rate spread, Commercial banking system, Malawi


The specific objective of the paper was to carry out an empirical investigation on the impact of financial sector reforms (pre-and-post liberalization periods) on interest rate spreads in the commercial banking system of the Malawian economy. The paper posits that pre-liberalization period of the Malawian financial sector was predominantly under the control regime. This policy regime also encompassed the country's monetary policy design and management. specifically, the ceiling on interest rates, credit limits, and the specification of a fixed exchange rate regime, among others.

Author Bio

R. O. Olaitan is a staff of the Central bank of Nigeria.

Publication Title

CBN Economic and Financial Review (EFR)





Recommended Citation

Olaitan, R.O. (2004). Financial reforms and interest rate spreads in the commercial banking system in Malawi - a review. Economic and Financial Review, 42(3), 151-154.

Included in

Economics Commons



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