Affiliation: | Professor of Banking and Finance, University of Namibia, Windhoek, and Assistant Lecturer in Economics, University of the Witwatersrand, Johannesburg, respectively. A first draft of this paper was presented at the 20th Southern African Universities Social Science Conference (SAUSSC) in Lusaka, Zambia, November 1997. With the usual disclaimer, we acknowledge the comments of participants and are grateful for the incisive comments of referees. |