central bank | Economic Research Southern Africa

Keyword: central bank

Effects of South African Monetary Policy Implementation on the CMA A PVAR Approach

South Africa (SA) through its central bank, the South African Reser...

Monaheng Seleteng

Policy Brief

Is There a SADC Business Cycle? Evidence from a Dynamic Factor Model

Countries that adopt a common currency automatically relinquish the...

Ntokozo P. Nzimande, Harold P. E. Ngawala

Working Paper

Inflation dynamics in a dollarised economy: the case for Zimbabwe

The rapid and sustained loss in value of the Zimbabwean dollar, whi...

Pierre Le Roux, William Kavila

Policy Brief

An application of Panzar-Rosse Approach in assessing banking sector competition in Zimb...

An assessment of bank competition is important for a number of reas...

Pierre Le Roux, Sanderson Abel

Policy Brief

An evaluation of the cost and revenue efficiency of the banking sector in Zimbabwe

The study was meant to evaluate the cost and revenue efficiency of ...

Sanderson Abel, Pierre Le Roux

Working Paper

Qualitative Guidance and Predictability of Monetary Policy in South Africa

With the adoption of the in ation targeting (IT) regime in 2000, th...

Ntuthuko Tsokodibane, Alain Kabundi

Working Paper

What Price-Level Data Tells Us About Consumer Price Rigidity in Zimbabwe: Evidence From...

This paper documents the price setting behaviour, and the change in...

Mike Nyawo, Neil Rankin

Working Paper

Inflation Dynamics in a Dollarised Economy: The Case of Zimbabwe

This paper explores the dynamics of inflation in the dollarised Zim...

William Kavila, Pierre Le Roux

Working Paper

Financial Innovation and Money Demand in Sub-Saharan Africa

Understanding the relationship between money demand and its determi...

John P. Dunne, Elizabeth Kasekende

Policy Brief

What drives cross-border bank expansion? Answers from Kenya

This paper investigates the drivers of bank foreign expansion in Ea...

Odongo Kodongo

Working Paper

Financial Innovation and Money Demand: Evidence from Sub-Saharan Africa

While the effect of financial innovation on money demand has been w...

John P. Dunne, Elizabeth Kasekende

Working Paper

Can currency in circulation predict South African economic activity?

The forecasting of economic activity is of interest to governments,...

Jannie Rossouw, Fanie Joubert, Cobus Vermeulen, Adél Bosch

Policy Brief

Loud and Clear: Can we hear when the SARB speaks?

Communication has become critically important for modern monetary p...

Stan Du Plessis, Monique Reid

Policy Brief

The role of banks in money creation

The phrase “banks create money” forms part of popular discourse, bu...

Nicholas Spearman

Policy Brief

Some Clarity on Banks as Financial Intermediaries and Money 'Creators'

Although the phrase ‘banks create money’ forms part of popular disc...

Nicholas Spearman

Working Paper

An ERSA Research Workshop: The fiscal history of Sub-Saharan Africa

The public finances of African governments in the colonial and post...

Submit paper: 4 May 2015

ERSA

Workshop

Variance Bounds as Thresholds for ‘Excessive’ Currency Volatility: Inflation Targeting ...

At what level does a currencys volatility become excessive, in a...

Shakill Hassan, Shaista Amod

Working Paper

Private Shareholding and Public Interest: An Analysis of an Eclectic Group of Central B...

Although the title seems to be a contradictio in terminis, this pap...

Jannie Rossouw

Working Paper

Credit Procyclicality and Financial Regulation in South Africa

This study assesses the behaviour of credit extension over the econ...

James Bernstein, Eric Schaling, Leroi Raputsoane

Working Paper

Credit Procyclicality and Financial Regulation in South Africa

This study assesses the behaviour of credit extension over the econ...

James Bernstein, Eric Schaling, Leroi Raputsoane

Working Paper

A Post-Crisis Reading of the 'Role of Monetary Policy'

In 1967 Milton Friedman delivered “The Role of Monetary Policy’ as ...

Stan Du Plessis

Working Paper

Monetary Policy Response to Foreign Aid in an Estimated DSGE Model of Malawi

This paper estimates a Bayesian Dynamic Stochastic General Equilibr...

Manoel Bittencourt, Chance Mwabutwa, Nicola Viegi

Working Paper

Debt Relief under the HIPC Initiative: Why Some Countries Complete the Programme Faster...

The Highly Indebted Poor Countries (HIPC) initiative has been one o...

William Akoto

Working Paper

Institutional Quality and Debt Relief: A Political Economy Approach

Recent shifts in the global debt relief architecture has meant that...

William Akoto

Working Paper

An Alternative Approach to the Existence of Sunspot Equilibria

This paper offers an alternative approach to the existence of sunsp...

Haim Abraham

Working Paper

Inflation targeting: how the SARB is succeeding in anchoring of inflation expectations

Evidence suggest that the use of inflation targeting by the South A...

Monique Reid

Policy Brief