capital market | Economic Research Southern Africa

Keyword: capital market

International Lending Channel, Bank Heterogeneity and Capital Inflows (Mis)Allocation

This paper explores the role of banks’ heterogeneity in internation...

Published: 16 August 2023

Working Paper

Local-Currency sovereign risk on South African government bonds

While local-currency bond markets have become a dominant source of ...

Published: 10 November 2022

Working Paper

Contagion across financial markets during COVID-19: A look at volatility spillovers bet...

The onset of the novel coronavirus pandemic (COVID-19) and previous...

Published: 8 February 2022

Working Paper

Prof Nicola Viegi on evaluating the near future of monetary policy in SA: Sailing into ...

Only three times in the last century has monetary policy been re-ev...

Published: 1 July 2021

Podcast

Part 1: Monetary policy and Covid-19 in South Africa

The discussion is based on Sailing into the Wind: evaluating the (n...

Published: 1 July 2021

Dialogue

Corporate taxation and firm-level investment in South Africa

This paper investigates the responsiveness of firm-level investment...

Published: 15 June 2021

Working Paper

Sailing into the Wind: evaluating the (near) future of Monetary Policy in South Africa

Policy Paper 25 This paper evaluates the main challenges facing Sou...

Published: 9 April 2021

Policy Paper

Examining the determinants of electricity demand by South African households per income...

For the period 1975 – 2016, this paper examines the determina...

Published: 4 September 2020

Working Paper

The South African - United States Sovereign Bond Spread and its Association with Macroe...

The yield spread of South African to United States 10 year governme...

Published: 18 August 2020

Working Paper

Prof Johannes W. Fedderke on the South African – US sovereign bond spread: how is this ...

In this podcast, Prof. Johannes W. Fedderke, the Director of ERSA s...

Published: 29 May 2020

Podcast

Redistribution, Inequality, and Efficiency with Credit Constraints

We develop a model that characterizes the joint determination of in...

Published: 14 April 2020

Working Paper

Inequality in South Africa: what does a composite index of wellbeing reveal?

Policymakers need better information regarding wellbeing inequality...

Published: 18 September 2019

Working Paper

Quality of life: validation of an instrument and analysis of relationships between dime...

Background The conventional approach to measuring quality of life w...

Published: 23 April 2019

Policy Brief

Order flow and rand/dollar exchange rate dynamic

This study investigates the impact of order flow on the rand/dollar...

Published: 9 April 2019

Policy Brief

Quality of life: Validation of an instrument and analysis of relationships between domains

Quality of life (QoL) is now widely recognised as a multidimensiona...

Published: 5 February 2019

Working Paper

Order flow and rand/dollar exchange rate dynamics

This paper uses the microstructure approach for the South African f...

Published: 7 December 2018

Working Paper

Can creditor bail-in trigger contagion? The experience of an emerging market

The successful bail-in of creditors in African Bank, a small South ...

Published: 17 July 2018

Working Paper

Credit frictions and co-movement of durable and non-durable goods in a small open economy

In this paper I investigate, numerically, the co-movement puzzle by...

Published: 8 February 2018

Working Paper

The impact of Monetary Policy Announcements and Political Events on the Exchange Rate: ...

Since 2000 the South African rand has been among the most volatile ...

Published: 17 August 2017

Working Paper

The behaviour of the real effective rate of South Africa: is there a misalignment

The debate about the equilibrium level of the South African rand an...

Published: 18 July 2017

Policy Brief

How are Africa’s emerging stock markets related to advanced markets? Evidence from copulas

This paper focuses on two key questions: How are Africa’s emerging ...

Published: 7 March 2017

Policy Brief

How are Africa's emerging stock markets related to advanced markets? Evidence from copulas

This paper examines the dependence structure between two developed ...

Published: 20 July 2016

Working Paper

Stock Return Predictability in South Africa: An Alternative Approach

There is considerable debate internationally as to whether share re...

Published: 24 May 2016

Policy Brief

On the Causal Links between the Stock Market and the Economy of Hong Kong

There is a bulk of literature that identifies the major economic dr...

Published: 24 March 2016

Working Paper

Comovement and the Financialization of Commodities

Commodity markets have experienced a surge in participation by fina...

Published: 29 February 2016

Policy Brief

Global commodities and African stocks: insights for hedging and diversification strategies

Owing to frequent fluctuations in global markets, diversifying acro...

Published: 15 December 2015

Policy Brief

Portfolio Flows in a two-country RBC model with financial intermediaries

The paper presents a two-country real business cycle model with a f...

Published: 25 September 2015

Policy Brief

The effectiveness of countercyclical capital requirements and contingent convertible ca...

This paper studies the effectiveness of countercyclical capital req...

Published: 23 September 2015

Working Paper

How do we explain the persistently high rate of unemployment in South Africa? Exploring...

Our research attempted to quantify the magnitude of shifts in indus...

Published: 26 May 2015

Policy Brief

Institutionalisation of Derivatives Trading and Economic Growth: Evidence from South Af...

The purpose of this paper is to foresee the likely developmental im...

Published: 2 March 2015

Working Paper

Addressing structural change issues in the context of South Africa's political dispensa...

The current structure of South Africa’s economy is partly a product...

Published: 21 November 2014

Policy Brief

Construction and analysis of a composite quality of life index for a region of South Af...

This study employs a novel approach to measure and analyse quality ...

Published: 21 November 2014

Working Paper

Political transition in a small open economy: Retracing the economic trail of South Afr...

This paper seeks to offer an economic explanation for the emergence...

Published: 8 September 2014

Working Paper

Credit spread variability in U.S. business cycles: The Great Moderation versus the Grea...

This paper establishes the prevailing financial factors that influe...

Published: 20 August 2014

Working Paper

The Welfare Cost of Sovereign Default and Liquidity Injections

This paper develops a dynamic general equilibrium model with endoge...

Published: 24 June 2014

Working Paper

The Welfare Cost of Sovereign Default and Liquidity Injections

This paper develops a dynamic general equilibrium model with endoge...

Published: 24 June 2014

Working Paper