Ankündigung Erscheint vsl. Januar 2020 Abbildung von Gumata / Ndou | Capital Flows, Credit Markets and Growth in South Africa | 1st ed. 2019 | 2020 | The Role of Global Economic Gr...

Gumata / Ndou

Capital Flows, Credit Markets and Growth in South Africa

The Role of Global Economic Growth, Policy Shifts and Uncertainties

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ca. 106,99 €

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1st ed. 2019 2020. Buch. xlv, 379 S. 257 s/w-Abbildungen, Bibliographien. Hardcover

Palgrave Macmillan. ISBN 978-3-030-30887-2

Format (B x L): 14,8 x 21 cm

In englischer Sprache

Produktbeschreibung

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, various economic policy uncertainties and, the availability of global liquidity. Central banks in advanced economies engage in unconventional monetary policy tools such as balance sheet policies, negative interest rate policies 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 and whether global economic and policy uncertainty reinforce each other on the domestic economy. Further, whether heightened foreign policy uncertainty impacts the South African economy via capital flows, credit conditions and business confidence channels. The authors demonstrate that there is a momentum in the changes in the spread between the repo rate and federal funds rate (FFR) and that global real policy rates impact domestic GDP growth and labor market conditions, strengthening the argument for lowering the current inflation target band. 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, and show that equity and debt inflows matter in the attainment of the price stability mandate.

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