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The Derivatives Market in South Africa : Lessons for Sub-Saharan African Countries

Adelegan, Olatundun Janet - 2009

This paper examines the role of the derivatives market in South Africa and provides policy options for promoting the development of derivatives markets in sub-Saharan Africa. South Africa''s derivatives market has grown rapidly in recent years, supporting capital inflows and helping market...

Persistent link: https://www.econbiz.de/10014403069

Measuring Integrated Market and Credit Risks in Bank Portfolios : An Application to a Set of Hypothetical Banks Operation in South Africa

Papapanagiotou, Panagiotis - 2000

The banking crises of the 1990s emphasize the need to model the connections between volatility and the potential losses faced by financial institutions due to correlated market and credit risks. We present a simulation model that explicitly links changes in the financial environment and the...

Persistent link: https://www.econbiz.de/10014403473

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

Sources of Nominal Exchange Rate Fluctuations in South Africa

Gottschalk, Jan - 2003

rates in South Africa and the United States, along with growth rates in both narrow and broad monetary aggregates in South …

Persistent link: https://www.econbiz.de/10014403865

Estimation of the Equilibrium Real Exchange Rate for South Africa

MacDonald, Ronald - 2003

Based on the Johansen cointegration estimation methodology, much of the long-run behavior of the real effective exchange rate of South Africa can be explained by real interest rate differentials, GDP per capita (both relative to trading partners), real commodity prices, trade openness, the...

Persistent link: https://www.econbiz.de/10014403906

Replacing customs revenue with taxes on income and domestic consumption : the South African experience

Freytag, Andreas; Siebrits, Krige - 2023

The African Continental Free Trade Agreement (AfCFTA) was signed by 54 member states of the African Union and is the largest free trade area in the world. Among other things, dismantling tariffs will have effects on public revenues in member states; this will require a revenue transition from...

Persistent link: https://www.econbiz.de/10014383692

The Quest for Non-Resource-Based FDI : Do Taxes Matter?

Kinda, Tidiane - 2014

Using manufacturing and services firm-level data for 30 sub-Saharan African (SSA) countries, this paper shows that taxation is not a significant driver for the location of foreign firms in SSA, while other investment climate factors, such as infrastructure, human capital, and insitutions, are....

Persistent link: https://www.econbiz.de/10014394326

Estimating the Implicit Inflation Target of the South African Reserve Bank

Klein, Nir - 2012

This paper applies a state-space approach to estimate the implicit inflation target of the South African Reserve Bank (SARB) since the adoption of the Inflation Targeting (IT) framework. The paper's findings are two. First, although the official inflation target range is 3.6 percent, in...

Persistent link: https://www.econbiz.de/10014395678

Output, Employment and Financial Sanctions in South Africa

Bayoumi, Tamim - 1990

The effects of the marked slowdown in the growth of the capital stock in South Africa since 1985, associated with … political uncertainty and financial sanctions, and future growth prospects are quantified using a modified version of the Lewis … the growth rata of the capital stock leads to at 0.8 percent change in output growth, and hence the fall in investment …

Persistent link: https://www.econbiz.de/10014395853

Disequilibrium in the Labor Market in South Africa

Chadha, Bankim - 1994

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...

Persistent link: https://www.econbiz.de/10014395963