Keyword: capital market

International Lending Channel, Bank Heterogeneity and Capital Inflows (Mis)Allocation
Working Paper 887 This paper explores the role of banks’ heterogene...
Published: 16 August 2023
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 ...
Published: 10 November 2022
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...
Published: 8 February 2022
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...
Published: 1 July 2021
Nicola Viegi
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
Matthew Simmonds, Nicola Viegi, Mamokete Lijane, Konstantin Makrelov, Gina Schoeman
Corporate taxation and firm-level investment in South Africa
This paper investigates the responsiveness of firm-level investment...
Published: 15 June 2021
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...
Published: 9 April 2021
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...
Published: 4 September 2020
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...
Published: 18 August 2020
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...
Published: 29 May 2020
Johannes W. Fedderke
Redistribution, Inequality, and Efficiency with Credit Constraints
We develop a model that characterizes the joint determination of in...
Published: 14 April 2020
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...
Published: 18 September 2019
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...
Published: 23 April 2019
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...
Published: 9 April 2019
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...
Published: 5 February 2019
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...
Published: 7 December 2018
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 ...
Published: 17 July 2018
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...
Published: 8 February 2018
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 ...
Published: 17 August 2017
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...
Published: 18 July 2017
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 ...
Published: 7 March 2017
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 ...
Published: 20 July 2016
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...
Published: 24 May 2016
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...
Published: 24 March 2016
Bernard N. Iyke, Sin-Yu Ho
Working Paper
Comovement and the Financialization of Commodities
Commodity markets have experienced a surge in participation by fina...
Published: 29 February 2016
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...
Published: 15 December 2015
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...
Published: 25 September 2015
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...
Published: 23 September 2015
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...
Published: 26 May 2015
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...
Published: 2 March 2015
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...
Published: 21 November 2014
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 ...
Published: 21 November 2014
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...
Published: 8 September 2014
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...
Published: 20 August 2014
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...
Published: 24 June 2014
Guangling Dave Liu
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
Guangling Dave Liu
Working Paper

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