| Título : |
Achieving Price, Financial and Macro-Economic Stability in South Africa : The Role of the Central Bank Balance Sheet, Macro-Prudential Tools, Financial Regulations and Analysis |
| Tipo de documento: |
documento electrónico |
| Autores: |
Gumata, Nombulelo, Autor ; Ndou, Eliphas, Autor |
| Mención de edición: |
1 ed. |
| Editorial: |
[s.l.] : Springer |
| Fecha de publicación: |
2021 |
| Número de páginas: |
XLIV, 556 p. 361 ilustraciones, 69 ilustraciones en color. |
| ISBN/ISSN/DL: |
978-3-030-66340-7 |
| Nota general: |
Libro disponible en la plataforma SpringerLink. Descarga y lectura en formatos PDF, HTML y ePub. Descarga completa o por capítulos. |
| Palabras clave: |
Economía africana |
| Índice Dewey: |
330.96 |
| Resumen: |
Este libro explora los efectos macrofinancieros de los balances de los bancos centrales, las herramientas macroprudenciales y la regulación financiera en Sudáfrica. Se examina cómo se puede maximizar el empleo manteniendo la inflación baja y estable en relación con los cambios estructurales necesarios para alterar la composición de los balances de los bancos sudafricanos. Se utilizan métodos y enfoques cuantitativos para resaltar el impacto de las políticas sugeridas. Este libro tiene como objetivo delinear estrategias e intervenciones políticas que pueden ayudar a lograr el Plan Nacional de Desarrollo en Sudáfrica. Será de interés para investigadores y formuladores de políticas que trabajan en economía del desarrollo, economía africana, finanzas para el desarrollo y política financiera. |
| Nota de contenido: |
1. Introduction -- 2. Do capital inflows relieve banks' credit constraints and boost credit growth? Evidence from credit conditions and bank credit risk -- 3. Credit conditions and the amplification of macroeconomic responses to unexpected shocks: Implications for monetary policy -- 4. Output and inflation responses to single and double credit threshold effects in South Africa -- 5. Do contractionary fiscal shocks transmitted via GDP growth dampen credit growth? -- 6. Do synchronised credit and house price booms impact the monetary policy reaction to inflationary pressures? -- 7. Do synchronised boom and non-boom episodes in credit, commodity and equity prices impact the response of the repo rate to positive inflation shocks? -- 8. To what extent do capital inflows impact response of South African economic growth to positive SA-US interest rate differential shocks? -- 9. Is there a compelling case to increase the SARB holdings of government securities to supplement interest income and neutralize loses due foreign investments and foreign currency reserves accumulation? -- 10. Are the amplification effects of positive shocks to SARB assets and forex reserves on long-term yields dependent on government debt regimes? -- 11. Foreign Currency Reserves: Do they contribute to GDP and employment growth? -- 12. What is the impact of large-scale asset purchases and banks' balance sheets? -- 13. Is the interest rate corridor an effective instrument to dampen the accumulation of excess reserves and inter-bank rate volatility? -- 14. Is the impact of the unexpected positive required reserves ratio shock on inflation expectations different to that due to positive excess LAH and forex reserves shock? -- 15. How potent is the required reserves impact tightening shock on funding and consumer interest rates? -- 16. The impact of large-scale asset purchases on non-resident purchases of South African assets -- 17. Large scale asset purchases and activity in the primary and secondary share and bond markets -- 18. The stock and flow effects of large-scale asset purchases: Evidence from persistent vs transitory shocks -- 19. Has the inflation target band impacted the natural rate of unemployment in South Africa? Evidence from the accelerationist Philips curve -- 20. Do regulatory tools impact the transmission of capital inflow shocks into credit extension and induce the reallocation of sectoral credit shares? -- 21. What role do non-performing loans play in propagating the excess LAH shock effects on sectoral credit re-allocation? -- 22. Is excess CAR beneficial in neutralising excessive credit growth and inflationary pressures? What are the implications for monetary and financial policy? -- 23. Do non-performing loans propagate the transmission of monetary policy tightening shocks to sectorial credit? -- 24. How effective is the relaxation of the countercyclical capital buffer at a time when other residential macro-prudential tools are tight? -- 25. Revisiting the role of money demand function: Does the short fall in money demand impact the inflation responses of rand depreciation shocks? -- 26. Do the shortfalls and overhangs derived from money demand in South Africa augmented with portfolio balances impact inflation dynamics? -- 27. Do the exchange rate depreciation and volatility shocks impact money demand in South Africa? -- 28. Does economic policy uncertainty impact real money demand in South Africa? -- 29. Is a single sectorial credit growth threshold too restrictive? Evidence from the output and inflation -- 30. Does the threshold for household debt growth matter for GDP growth and response of monetary policy to inflation shocks? -- 31. How does a positive repo rate shock affect the household sector intermediation? Evidence from households' flow-of-funds data -- 32. To what extent are the public and private's sector financial asset flows impacted by monetary policy tightening shock?. |
| En línea: |
https://link-springer-com.biblioproxy.umanizales.edu.co/referencework/10.1007/97 [...] |
| Link: |
https://biblioteca.umanizales.edu.co/ils/opac_css/index.php?lvl=notice_display&i |
Achieving Price, Financial and Macro-Economic Stability in South Africa : The Role of the Central Bank Balance Sheet, Macro-Prudential Tools, Financial Regulations and Analysis [documento electrónico] / Gumata, Nombulelo, Autor ; Ndou, Eliphas, Autor . - 1 ed. . - [s.l.] : Springer, 2021 . - XLIV, 556 p. 361 ilustraciones, 69 ilustraciones en color. ISBN : 978-3-030-66340-7 Libro disponible en la plataforma SpringerLink. Descarga y lectura en formatos PDF, HTML y ePub. Descarga completa o por capítulos.
| Palabras clave: |
Economía africana |
| Índice Dewey: |
330.96 |
| Resumen: |
Este libro explora los efectos macrofinancieros de los balances de los bancos centrales, las herramientas macroprudenciales y la regulación financiera en Sudáfrica. Se examina cómo se puede maximizar el empleo manteniendo la inflación baja y estable en relación con los cambios estructurales necesarios para alterar la composición de los balances de los bancos sudafricanos. Se utilizan métodos y enfoques cuantitativos para resaltar el impacto de las políticas sugeridas. Este libro tiene como objetivo delinear estrategias e intervenciones políticas que pueden ayudar a lograr el Plan Nacional de Desarrollo en Sudáfrica. Será de interés para investigadores y formuladores de políticas que trabajan en economía del desarrollo, economía africana, finanzas para el desarrollo y política financiera. |
| Nota de contenido: |
1. Introduction -- 2. Do capital inflows relieve banks' credit constraints and boost credit growth? Evidence from credit conditions and bank credit risk -- 3. Credit conditions and the amplification of macroeconomic responses to unexpected shocks: Implications for monetary policy -- 4. Output and inflation responses to single and double credit threshold effects in South Africa -- 5. Do contractionary fiscal shocks transmitted via GDP growth dampen credit growth? -- 6. Do synchronised credit and house price booms impact the monetary policy reaction to inflationary pressures? -- 7. Do synchronised boom and non-boom episodes in credit, commodity and equity prices impact the response of the repo rate to positive inflation shocks? -- 8. To what extent do capital inflows impact response of South African economic growth to positive SA-US interest rate differential shocks? -- 9. Is there a compelling case to increase the SARB holdings of government securities to supplement interest income and neutralize loses due foreign investments and foreign currency reserves accumulation? -- 10. Are the amplification effects of positive shocks to SARB assets and forex reserves on long-term yields dependent on government debt regimes? -- 11. Foreign Currency Reserves: Do they contribute to GDP and employment growth? -- 12. What is the impact of large-scale asset purchases and banks' balance sheets? -- 13. Is the interest rate corridor an effective instrument to dampen the accumulation of excess reserves and inter-bank rate volatility? -- 14. Is the impact of the unexpected positive required reserves ratio shock on inflation expectations different to that due to positive excess LAH and forex reserves shock? -- 15. How potent is the required reserves impact tightening shock on funding and consumer interest rates? -- 16. The impact of large-scale asset purchases on non-resident purchases of South African assets -- 17. Large scale asset purchases and activity in the primary and secondary share and bond markets -- 18. The stock and flow effects of large-scale asset purchases: Evidence from persistent vs transitory shocks -- 19. Has the inflation target band impacted the natural rate of unemployment in South Africa? Evidence from the accelerationist Philips curve -- 20. Do regulatory tools impact the transmission of capital inflow shocks into credit extension and induce the reallocation of sectoral credit shares? -- 21. What role do non-performing loans play in propagating the excess LAH shock effects on sectoral credit re-allocation? -- 22. Is excess CAR beneficial in neutralising excessive credit growth and inflationary pressures? What are the implications for monetary and financial policy? -- 23. Do non-performing loans propagate the transmission of monetary policy tightening shocks to sectorial credit? -- 24. How effective is the relaxation of the countercyclical capital buffer at a time when other residential macro-prudential tools are tight? -- 25. Revisiting the role of money demand function: Does the short fall in money demand impact the inflation responses of rand depreciation shocks? -- 26. Do the shortfalls and overhangs derived from money demand in South Africa augmented with portfolio balances impact inflation dynamics? -- 27. Do the exchange rate depreciation and volatility shocks impact money demand in South Africa? -- 28. Does economic policy uncertainty impact real money demand in South Africa? -- 29. Is a single sectorial credit growth threshold too restrictive? Evidence from the output and inflation -- 30. Does the threshold for household debt growth matter for GDP growth and response of monetary policy to inflation shocks? -- 31. How does a positive repo rate shock affect the household sector intermediation? Evidence from households' flow-of-funds data -- 32. To what extent are the public and private's sector financial asset flows impacted by monetary policy tightening shock?. |
| En línea: |
https://link-springer-com.biblioproxy.umanizales.edu.co/referencework/10.1007/97 [...] |
| Link: |
https://biblioteca.umanizales.edu.co/ils/opac_css/index.php?lvl=notice_display&i |
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Achieving Price, Financial and Macro-Economic Stability in South Africa
