ANGELIS, C; AZIAKPONO, MJ; FAURE, A PIERRE - In: South African Journal of Economics 73 (2005) 4, pp. 657-673
The study examines the influence of the repo rate on the interbank rate and analyses whether the transmission channels of interest rates have changed since the adjustment to the repo system in September 2001. The paper employs the Granger causality test using the ECM framework. The results...