Full Professor
Telephone: +27 31 260 7558
Email ngalawa@ukzn.ac.za
Campus: Westville
Building & Room: J Block room 301


Professor Harold Ngalawa is a Full Professor in the School of Accounting, Economics and Finance (SAEF). In 2017 to 2019 he served as the acting College Dean of Research, following his appointment as the Academic Leader Research and Higher Degrees in SAEF. His research is Macroeconomics and Monetary Theory and Practice.

Academic Qualifications:

  • PhD (UCT)
  • MA (Econ) (Mlw)
  • BSocSc (Mlw)

Professional Qualification

  • ACAIB (SA)

Undergraduate courses currently teaching

  • Macroeconomics

Postgraduate courses

  • Macroeconomics
  • Monetary Theory and Practice

Research Interests

  • Monetary theory and practice
  • Banking Instability
  • Deposit Insurance
  • Informal Finance
  • Monetary-fiscal policy interdependence
  • Dynamic stochastic general equilibrium modeling
  • capital formation
  • economic growth and regional integration.


  • Ngalawa, H.P.E. (2012). Banking Instability and Deposit Insurance in Low Income Countries, Journal for Studies in Economics and Econometrics, 36(3), pp. 1-24.
  • Ngalawa, H. and Viegi, N. (2011). Dynamic Effects of Monetary Policy Shocks in Malawi, South African Journal of Economics, 79(3), pp. 224-250.
  • Chirwa, E.W. and Ngalawa, H.P.E. (2008). Determinants of Child Nutrition in Malawi. South African Journal of Economics, 76(4), pp. 628-640.
  • Tchereni, B.H.M., Ngalawa, H.P.E. and Sekhampu, T.J. (2012). Technical Efficiency of Smallholder Sugarcane farmers in Malawi: The Case of Kasinthula Cane growing Scheme, Studia Oeconomica, 59(2), pp. 3-13.

Recent Publications and Papers

  • Banking Instability and Deposit Insurance: The Role of Moral Hazard, Paper presented at the 13th International Conference on Finance and Banking, Ostrava, Czech republic, October 12-13, 2011.
  • Public Health Expenditure Implications of the Southern African Customs Union in BLNS Countries, Paper presented at the Amsterdam Institute for International Development, Amsterdam, The Netherlands, December 20-21, 2010.
  • Southern African Customs Union Revenue Volatility and Public Health Expenditures in BLNS Countries, Southern African Customs Union Civil Society Conference, Ezulwini, Swaziland, August 24-27, 2010.
  • Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies, International Economic Modelling Conference, Istanbul-Bilgi University, Istanbul, Turkey, July 7-9, 2010.
  • Interaction of Formal and Informal Financial Markets in Quasi-Emerging Market Economies, Annual DYNARE Conference, Norges Bank, Oslo, Norway, August 31-September 1, 2009.
  • Dynamic Effects of Monetary Policy Shocks in Malawi, African Economic Research Consortium Bi-Annual Conference, Intercontinental Hotel, Nairobi, Kenya, December 9-13, 2008.
  • Design, Operational Framework and Performance of Monetary Policy in Malawi: A Case of a Quasi-Emerging Market Economy, AERC Bi-Annual Conference, Imperial Beach Hotel, Entebbe, Uganda, June 2-6, 2008.

Useful Websites:l

  • www.nviegi.net
  • www.resbank.co.za
  • www.statsa.gov.za
  • www.rbm.mw
  • http://databank.worldbank.org