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 /: the role of the central bank balance sheet, macro-prudential tools, financial regulations and analysis. (2021)

• Record Type: Book
• Further Information: Note: Nombulelo Gumata, Eliphas Ndou.
• Authors: Gumata, Nombulelo; Ndou, Eliphas
• Contents: 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?.
• Publisher Details: Basingstoke : Palgrave Macmillan
• Publication Date: 2021
• Extent: 1 online resource, illustrations (black and white)
• Subjects: 330.968; Macroeconomics; Banks and banking, Central -- South Africa; South Africa -- Economic conditions -- 1991-
• Languages: English
• ISBNs: 9783030663407
• Related ISBNs: 9783030663391
• Notes: Note: Description based on CIP data; resource not viewed.
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