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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

Commodity prices and exchange rate volatility : lessons from South Africa’s capital account liberalization

Arezki, Rabah; Dumitrescu, Elena-Ivona; Freytag, Andreas; … - 2012

We examine the relationship between South African Rand and gold price volatility using monthly data for the period 1980-2010. Our main findings is that prior to capital account liberalization the causality runs from South African Rand to gold price volatility but the causality runs the other way...

Persistent link: https://www.econbiz.de/10012694114

End of the Supercycle and Growth of Commodity Producers : The Case of Chile

Eyraud, Luc - 2015

This paper estimates the effect of copper prices on Chile’s growth at various time horizons. We find that a price … decline is likely to have a durable (although not permanent) effect on GDP growth: while the impact is the strongest in the … a production function perspective, the GDP growth slowdown is mainly driven by lower capital accumulation …

Persistent link: https://www.econbiz.de/10012418028