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Economic performance

Inflating our troubles: South Africa’s economic performance and the exchange rate

D. Fowkes, C. Loewald and M. Marinkov
South Africa’s export performance has been disappointing, and this is likely related to weak growth outcomes. We investigate the effect of the exchange rate on these outcomes, through two possible channels: its level and its volatility. We find little evidence in the literature or in our own tests...
Jun 2016
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On the Causal Links between the Stock Market and the Economy of Hong Kong

Sin-Yu Ho and Bernard Njindan Iyke
There is a bulk of literature that identifies the major economic drivers of Hong Kong’s rapid and steady economic performance over the last three decades. Of these major economic drivers identified, the performance of the stock market has received less attention. This paper examines the causal...
Mar 2016
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