capital market | Economic Research Southern Africa

Keyword: capital market

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

Working Paper 887 This paper explores the role of banks’ heterogene...

Silvia Marchesi, Lucas A. Mariani

Working Paper

Local-Currency sovereign risk on South African government bonds

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

Mulalo Mamburu

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...

Reneé van Eyden, Goodness C. Aye, Chevaughn van der Westhuizen

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...

Nicola Viegi

Podcast

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

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

Matthew Simmonds, Nicola Viegi, Mamokete Lijane, Konstantin Makrelov, Gina Schoeman

Dialogue

Corporate taxation and firm-level investment in South Africa

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

Mashekwa Maboshe

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...

Nicola Viegi, Tumisang Loate, Ekaterina Pirozhkova

Policy Paper

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

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

Roula Inglesi-Lotz, Jessika A. Bohlmann

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...

Johannes W. Fedderke

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...

Johannes W. Fedderke

Podcast

Redistribution, Inequality, and Efficiency with Credit Constraints

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

Yoseph Y. Getachew, Stephen J. Turnovsky

Working Paper

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

Policymakers need better information regarding wellbeing inequality...

Talita Dalton-Greyling, Stephanié Rossouw

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...

Talita Dalton-Greyling

Policy Brief

Order flow and rand/dollar exchange rate dynamic

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

Alta Joubert, Alain Kabundi, Aadila Hoosain

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...

Talita Dalton-Greyling, Fiona Tregenna

Working Paper

Order flow and rand/dollar exchange rate dynamics

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

Alta Joubert, Alain Kabundi, Aadila Hoosain

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 ...

Roy Havemann

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...

Hilary Patroba

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 ...

Amos C. Peters, Trust R. Mpofu

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...

Meshach J. Aziakpono, Melvin M. Khomo

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 ...

Paul Alagidede, Jones O. Mensah

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 ...

Jones O. Mensah, Paul Alagidede

Working Paper

Stock Return Predictability in South Africa: An Alternative Approach

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

Barry Strydom, Ailie Charteris

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...

Bernard N. Iyke, Sin-Yu Ho

Working Paper

Comovement and the Financialization of Commodities

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

Matteo Bonato, Luca Taschini

Policy Brief

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

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

Paul Alagidede, Gideon Boako

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...

Haakon Kavli, Nicola Viegi

Policy Brief

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

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

Hylton Hollander

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...

Marthinus C. Breitenbach, Heinrich R. Bohlmann

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...

Audrey N. Bekale, Erika Botha, Cobus Vermeulen

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...

Biniam E. Bedasso

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 ...

Talita Dalton-Greyling, Fiona Tregenna

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...

Biniam E. Bedasso

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...

Hylton Hollander, Guangling Dave Liu

Working Paper

The Welfare Cost of Sovereign Default and Liquidity Injections

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

Guangling Dave Liu

Working Paper

The Welfare Cost of Sovereign Default and Liquidity Injections

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

Guangling Dave Liu

Working Paper