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sovereign-bank nexus

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Fiscal risks and their impact on banks’ capital buffers in South Africa

Konstantin Makrelov, Neryvia Pillay and Bojosi Morule
South Africa’s fiscal balances have deteriorated significantly over the last decade, while the economy has been recording disappointing economic growth rates even prior to the COVID-19 crisis. In this paper, we estimate a series of equations using the Arellano and Bond (1991) estimator to test how...
Jun 2021
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