Financial Markets | Economic Research Southern Africa

Keyword: Financial Markets

Access to micro – and informal loans: evaluating the impact on the quality of life of p...

Background: Since the early 1980s, many governments have investigat...

Talita Dalton-Greyling, Stephanié Rossouw

Working Paper

Measuring the Financial Cycle in South Africa

We measure the financial cycle in South Africa using three differen...

Esti Kemp, Greg Farrell

Policy Brief

Optimal Monetary Policy with Output and Asset Price Volatility in an Open Economy: Evid...

This paper attempts to establish optimal response of monetary polic...

Peter Wamalwa

Working Paper

An institutional comparison of private shareholding in the central banks of South Afric...

This paper considers institutional aspects of private shareholding ...

Jannie Rossouw

Policy Brief

Flow specific capital controls for emerging markets

This paper investigates the impact of capital controls on business ...

Guangling Dave Liu, Chris Garbers

Working Paper

The effect of financial inclusion on welfare in sub-Saharan Africa: Evidence from disag...

Over two decades sub-Saharan Africa has grown an average by 4.8% pe...

Anthanasius F. Tita, Meshach J. Aziakpono

Working Paper

Credit market heterogeneity, balance sheet (in)depence, and financial shocks

We find that credit market heterogeneity plays an important role in...

Guangling Dave Liu, Chris Garbers

Policy Brief

What’s in a Name? Reputation and Monitoring in the Audit Market

We demonstrate a tension between monitoring and reputation incentiv...

Somdutta Basu, Suraj Shekhar

Policy Brief

Financial Reforms and the Finance –Growth Relationship in the Southern African Developm...

The role of finance in economic growth in SADC has been downplayed ...

Gift Mugano, Pierre Le Roux, Alex Bara

Policy Brief

Financial sector development, economic volatility and shocks in sub-Saharan Africa

The role of financial sector development in economic volatility has...

Paul Alagidede, Muazu Ibrahim

Policy Brief

Financial Reforms and the Finance-Growth Relationship in the Southern African Developme...

The role of finance in economic growth in SADC has been downplayed ...

Gift Mugano, Pierre Le Roux, Alex Bara

Policy Brief

Regionalization versus Internationalization of African Stock Markets: A frequency-time ...

This paper examines regional and global co-movemnt of Africa’s stoc...

Gideon Boako, Paul Alagidede

Policy Brief

Credit market heterogeneity, balance sheet (in) dependence, financial shocks

This paper presents a real business cycle model with financial fric...

Chris Garbers, Guangling Dave Liu

Working Paper

Financial Innovation and Economic Growth in the SADC

The study empirically establishes the causal relationship between f...

Gift Mugano, Pierre Le Roux, Alex Bara

Working Paper

The influence of financial market development on economic growth in BRICS countries

The debate about the influence of financial market development on e...

Charles V. R. Wait, Tafadzwa Ruzive

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

Financial Reforms and the Finance – Growth Relationship in the Southern African Develop...

This study seeks to establish the casual relationship between finan...

Gift Mugano, Pierre Le Roux, Alex Bara

Working Paper

Comovement between Africa and advanced economies, 1980-2011

This paper addresses that gap by analyzing business cycle comovemen...

Alain Kabundi, Elsabé Loots, Carike Claassen

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

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

Comovement and the Financialization of Commodities

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

Matteo Bonato, Luca Taschini

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

Politics, Finance and Growth

The University of Pretoria, in conjunction with the South African R...

‪Svetlana Andrianova‬, Robert Lensink, Peter Rousseau, Panicos Demetriades, David Fielding

Workshop

Third Annual Financial Economics Workshop

Keynote Speaker: Atif Mian (Princeton University) Following the fir...

Atif Mian

Workshop

Do Capital Requirements Affect Cost of Intermediation? Evidence from a Panel of South A...

Since the 2007 sub-prime financial crisis, world bank capital ratio...

Andrew Maredza

Working Paper

Art investment as a portfolio diversification strategy in South Africa

Art has been suggested as a good way to diversify investment portfo...

Brett Scott, Jen D. Snowball, Ferdi Botha

Working Paper

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

“Impending ruin” or “remarkable wealth”? The role of private credit markets in a settle...

Credit markets develop hand in hand with a market economy. Pre-indu...

Johan Fourie, Christie Swanepoel

Working Paper

Financial Liberalisation and Economic Growth in the SADC

Attaining high levels of economic growth and development has been o...

Pierre Le Roux, Clement Moyo

Policy Brief

Does Massive Research Funding Work?: Lessons from South Africa

Does research output increase significantly when funding allocation...

Johannes W. Fedderke, Marcela Goldschmidt

Policy Brief

Mechanism between mining sector and economic growth in Zimbabwe, is it a resource curse?

The study investigates the role of mineral resources in economic de...

Nyasha Mahonye, Leonard Mandishara

Working Paper

ERSA Lecture Series in Economic Theory: “Knightian Uncertainty in Economics and Finance”

Lecturer: Professor Frank Riedel (University of Bielefeld, Germany)...

Frank Riedel

Workshop

Financial Networks – State of the Art and Open Challenges

The 2008 crisis caught most policymakers, including supervisors and...

Co-Pierre Georg

Policy Brief

A Network Analysis of the Evolution of the German Interbank Market

In this paper, we report a descriptive investigation of the structu...

Stefano Battiston, Tarik Roukny, Co-Pierre Georg

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