Keyword: Financial Stability

The optimal monetary and macroprudential policies for the South African economy
We investigate the optimal design and effectiveness of monetary and...
Published: 7 February 2020
Working Paper
The effectiveness of counter-cyclical loan-to-value regulations: generic versus sector-...
This paper considers the implications of the counter-cyclical loan-...
Published: 16 August 2019
Working Paper
Is Basel III counter-cyclical: The case of South Africa?
This paper develops a dynamic general equilibrium model with bankin...
Published: 7 August 2018
Working Paper
Macroprudential policy and foreign interest rate shocks: A comparison of different inst...
This paper presents a generic small open economy real business cycl...
Published: 27 October 2017
Working Paper
The welfare cost of macro-prudential policy in a two-country DSGE model
This paper builds a two-country DSGE model with financial frictions...
Published: 30 May 2017
Working Paper
A Network View on Interbank Market Freezes
We study the liquidity allocation among European banks around the L...
Published: 9 January 2015
Working Paper
A Post-Crisis Reading of the 'Role of Monetary Policy'
In 1967 Milton Friedman delivered “The Role of Monetary Policy’ as ...
Published: 11 February 2014
Working Paper
Returns Correlation Structure and Volatility Spillovers Among the Major African Stock M...
The paper analyses the structure of returns comovements and the vol...
Published: 26 September 2012
Working Paper