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South Africa : the financial sector-sovereign nexus

Hesse, Heiko; Miyajima, Ken - 2022

Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the...

Persistent link: https://www.econbiz.de/10013170007

Analyzing capital flow drivers using the "at-risk" framework : South Africa’s case

Goel, Rohit; Miyajima, Ken - 2021

Cross-border capital flows are important for South Africa. They fund the nation's relatively large external financing needs and have important financial stability implications evidenced by the large capital outflows and asset price selloffs during the COVID-19 pandemic. This paper adds to the...

Persistent link: https://www.econbiz.de/10012796323

Monetary policy, inflation, and distributional impact : South Africa’s case

Miyajima, Ken - 2021

low and stable inflation could at the same time reduce consumption inequality over a 12-18 month horizon, commonly …

Persistent link: https://www.econbiz.de/10012518926

Mobile phone ownership and welfare : evidence from South Africa's household survey

Miyajima, Ken - 2020

Persistent link: https://www.econbiz.de/10012392413

Inflation expectations anchoring across different types of agents : the case of South Africa

Miyajima, Ken; Yetman, James - 2018

Inflation forecasts are modelled as monotonically diverging from an estimated long-run anchor point, or 'implicit anchor', towards actual inflation as the forecast horizon shortens. Fitting the model with forecasts by analysts, businesses and trade unions for South Africa, we find that inflation...

Persistent link: https://www.econbiz.de/10011905874

Exchange rate volatility and pass-through to inflation in South Africa

Miyajima, Ken - 2019

Does the South African rand's relatively large volatility affect inflation? To shed some light on this question, a standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility. Estimated results suggest that higher exchange rate...

Persistent link: https://www.econbiz.de/10012155038

Dynamic Gains From Trade : Evidence From South Africa

Subramanian, Arvind - 2000

trade and TFP growth both over time and across sectors …

Persistent link: https://www.econbiz.de/10014399824

What Does South Africa's Pattern of Trade Say About its Labor Markets?

Subramanian, Arvind - 2001

This paper examines the factor intensity of South Africa''s trade. The conclusion is that South Africa is revealed though its trade pattern to be capital abundant (relative to labor). Surprisingly, this result holds especially for South Africa''s trade with its high income partners, which should...

Persistent link: https://www.econbiz.de/10014403673

Aid and Growth : What Does the Cross-Country Evidence Really Show?

Rajan, Raghuram - 2005

We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid … evidence of a positive (or negative) relationship between aid inflows into a country and its economic growth. We also find no …: what aspects of aid offset what ought to be the indisputable growth enhancing effects of resource transfers? Thus, our …

Persistent link: https://www.econbiz.de/10014400078

Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development

Subramanian, Arvind - 2002

We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions ""trumps"" everything else. Controlling for...

Persistent link: https://www.econbiz.de/10014401492