Global Growth and Financial Spillovers and the South African Macro-economy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Growth and Financial Spillovers and the South African Macro-economy write by Mthuli Ncube. This book was released on 2016-04-29. Global Growth and Financial Spillovers and the South African Macro-economy available in PDF, EPUB and Kindle. To what extent is South Africa affected by G8 economies and BRIC growth shocks? This book identifies channels that amplify these shock effects, the relevance of third country transmission effects and the effects of the first and second rounds of US quantitative easing. The changing reactions of South African variables over time to financial shocks emanating from the US and selected countries in the Euro area, is presented. The book quantifies the effects of capital flow shocks, determines the counterfactuals of asset prices and economic growth variables, and compares the contribution of capital flows and domestic macro factors on asset prices. The effects of the exchange rate depreciation are contrasted to the decline in investment as key drivers of the trade balance. Stock market interdependence is determined amongst South African, Indian and Brazilian equities. The contributions of stock price returns and volatility on South African economic growth are contrasted. The authors construct a financial stress index for South Africa and determine how it amplifies shocks.
Capital Flows, Credit Markets and Growth in South Africa
Capital Flows, Credit Markets and Growth in South Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Capital Flows, Credit Markets and Growth in South Africa write by Nombulelo Gumata. This book was released on 2019-12-11. Capital Flows, Credit Markets and Growth in South Africa available in PDF, EPUB and Kindle. This book examines the dynamics in capital flows, credit markets and growth in South Africa. The authors explore the role of global economic growth, policy shifts and various economic policy uncertainties. Central banks in advanced economies are engaged in unconventional monetary policy tools such as balance sheet policies, negative interest rates and extended forward guidance to assist them to meet their price, financial and macro-economic stability objectives. This book determines whether BRICS GDP growth is a source of shocks or an amplifier of global growth shocks. The authors find that global economic growth and policy uncertainty reinforce each other via capital flows, credit conditions and business confidence on the domestic economy. Furthermore, they demonstrate that there is momentum in the changes in the spread between the repo rate and federal funds rate. In addition, global real policy rates impact domestic GDP growth and labor market conditions. The authors examine the economic costs of capital flow surges, sudden stops and elevated portfolio volatility shocks and their interaction with GDP growth and credit. They show that equity and debt inflows matter in the attainment of the price stability mandate. Moreover, business confidence transmits sovereign credit ratings upgrades and downgrades shocks to the real economy via GDP growth, the cost of government debt and borrowing to impact credit growth. High GDP growth increases the likelihood of sovereign credit ratings upgrades, hence policymakers should implement pro-growth policies. Inflation regimes impact the transmission of positive nominal demand shocks to the price level. Low and stable inflation (inflation below 4.5 per cent) reduces the pass-through of positive nominal demand shocks to inflation.
Global Economic Uncertainties and Exchange Rate Shocks
Global Economic Uncertainties and Exchange Rate Shocks - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Economic Uncertainties and Exchange Rate Shocks write by Eliphas Ndou. This book was released on 2018-01-08. Global Economic Uncertainties and Exchange Rate Shocks available in PDF, EPUB and Kindle. This book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy’s eventual recovery from the crisis and the prospect of higher US interest rates in future. Told in three parts, the book explores associations between economic growth, policy uncertainty and the key domestic and international transmission channels, and transmission effects, of global financial regulatory and domestic macro-economic uncertainties on subdued and volatile economic recovery, financial channels, lending rate margins, and credit growth. The book concludes by extending its focus to the role of US monetary policy, capital flows and rand/US dollar volatility on the South African economy.
Global Economic Prospects, June 2021
Global Economic Prospects, June 2021 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Global Economic Prospects, June 2021 write by World Bank. This book was released on 2021-08-03. Global Economic Prospects, June 2021 available in PDF, EPUB and Kindle. The world economy is experiencing a very strong but uneven recovery, with many emerging market and developing economies facing obstacles to vaccination. The global outlook remains uncertain, with major risks around the path of the pandemic and the possibility of financial stress amid large debt loads. Policy makers face a difficult balancing act as they seek to nurture the recovery while safeguarding price stability and fiscal sustainability. A comprehensive set of policies will be required to promote a strong recovery that mitigates inequality and enhances environmental sustainability, ultimately putting economies on a path of green, resilient, and inclusive development. Prominent among the necessary policies are efforts to lower trade costs so that trade can once again become a robust engine of growth. This year marks the 30th anniversary of the Global Economic Prospects. The Global Economic Prospects is a World Bank Group Flagship Report that examines global economic developments and prospects, with a special focus on emerging market and developing economies, on a semiannual basis (in January and June). Each edition includes analytical pieces on topical policy challenges faced by these economies.
Monetary Policy and the Economy in South Africa
Monetary Policy and the Economy in South Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Monetary Policy and the Economy in South Africa write by M. Ncube. This book was released on 2013-08-30. Monetary Policy and the Economy in South Africa available in PDF, EPUB and Kindle. Monetary Policy and the Economy in South Africa covers both modern theories and empirical analysis, linking monetary policy with relating house wealth, drivers of current account based on asset approach, expenditure switching and income absorption effects of monetary policy on trade balance, effects of inflation uncertainty on output growth and international spill overs. Each chapter uses data and relevant methodology to answer empirical and pertinent policy questions in South Africa. The book gives new insights into understanding these areas of economic policy and the wider emerging-markets.
