Capital Flows, Credit Markets and Growth in South Africa : the Role of Global Economic Growth, Policy Shifts and Uncertainties /: the Role of Global Economic Growth, Policy Shifts and Uncertainties. (©2019)

• Record Type: Book
• Further Information: Note: Nombulelo Gumata, Eliphas Ndou.
• Other Names: Gumata, Nombulelo; Ndou, Eliphas
• Contents: 1 Introduction.- Part I Global Economic Growth, Economic Policy Uncertainty and The Influence of Trade Dynamics2 Is BRICS GDP Growth a Source of Shocks or an Amplifier of Global Growth Responses? What Are the Policy Implications for South Africa?3 Does the Trade-Openness Channel Impact the Effects of Business Confidence Shocks on Investment Growth?4 Trade-Openness, Consumer Price Inflation and Exchange Rate Depreciation Shocks5 Global Growth and Economic Policy Uncertainty Shock Effects on the South African Economy: Do These Reinforce Each Other?6. Heightened Foreign Economic Policy Uncertainty Shock Effects on the South African Economy: Transmission via Capital Flows, Credit Conditions and Business Confidence ChannelsPart II Global Policy Rates and The South African Economy7 In Which Direction Is There a Momentum Effect in the Changes in the Spread Between the Repo Rate and Federal Funds Rate?8 How Do Global Real Policy Rates Impact the South African GDP Growth and Labour Market Conditions?9 To What Extent Do Capital Inflows Impact the Response of the South African Economic Growth to Positive SA-US Interest Rate Differential Shocks?Part III Capital Flow Surges, Sudden Stops and Elevated Portfolio Inflows Volatility Effects10 Economic Costs of Capital Flow Episodes in South Africa11 Capital Flow Surges, Sudden Stops and Elevated Portfolio Inflow Volatility Shocks: What is the Nature of Their Interaction with GDP Growth and Credit?12 Bank and Non-bank Capital Flows and The Sectorial Reallocation of Credit Away from the Household Sector13 Banking and Non-banking Capital Flows and The Sectorial Reallocation of Credit Away from Companies14 Equity, Debt Inflows and the Price Stability Mandate15 Do Local Investors Play a Stabilising Role Relative to Foreign Investors After Economic Shocks?16 Do Investors' Net Purchases and Capital Retrenchment Activities Impact the Monetary Policy Response to Positive Inflation Shocks?Part IV The Transmission of Sovereign Debt Credit Ratings Downgrades and Upgrades into the Credit Markets and the Real Economy17 What Role Does Business Confidence Play in Transmitting Sovereign Debt Credit Ratings Upgrades and Downgrades Shocks into the Real Economy?18 Are Sovereign Debt Credit Ratings Shocks Transmitted Via Economic Growth to Impact Credit Growth?19 Does the Cost of Government Borrowing Transmit Sovereign Debt Credit Ratings Downgrades Shocks to Credit Growth? Part V The Output–Inflation Trade-off, External Shocks, Labour Market Conditions and Inflation Expectations20 The Output-gap, Nominal Wage and Consumer Price Inflation Volatility Trade-off21 The Output-Gap and Inflation Volatility Trade-off: Do External Shocks and Inflation Expectations Shift the Taylor Curve22 Do Adverse Global Trade Shocks Impact the Trade-off Between the Inflation and Output-Gap Volatilities23 Do the Labour Market Conditions Shocks Impact the Trade-off Between the Inflation and Output-Gap Volatilities?Part VI The Policy Ineffectiveness Issues24 The Output Gap–Inflation Trade-off and the Policy Ineffectiveness25 Inflation Regimes and the Transmission of Positive Nominal Demand Shocks to the Price Level.
• Publisher Details: Cham : Palgrave Macmillan
• Publication Date: 2019
• Copyright Date: 2019
• Extent: 1 online resource (406 pages)
• Subjects: 338.968; Economic development -- South Africa; Economic development; Economic policy; South Africa -- Economic policy; South Africa; Electronic books
• Languages: English
• ISBNs: 9783030308889
• Related ISBNs: 303030888X; 9783030308872
• Notes: Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.