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Pricing the Currency Premium Under Flexible Exchange Rates: Evidence from South Africa

Grandes, Martin; Peter, Marcel; Pinaud, Nicolas - In: Ensayos Económicos 1 (2010) 60, pp. 7-52

The currency premium is one of the three components of the differential between local and foreign interest rates. Emerging economies such as South Africa typically face positive interest rate differentials, i.e., a higher cost of capital than developed economies. In this paper we aim at...

Persistent link: https://www.econbiz.de/10010551981

Unmasking delivery

Lennan, Anne Mc - In: Progress in Development Studies 7 (2007) 1, pp. 5-20

The challenges of poverty worldwide have led to a growing focus on public delivery. When delivery fails, it is assumed that the key strategy for improvement is manipulation of existing processes, better institutions or more efficient management. This is partly because the dominant model for...

Persistent link: https://www.econbiz.de/10011079042

Parish pump politics

Muller, Mike - In: Progress in Development Studies 7 (2007) 1, pp. 33-45

An understanding of the politics of the water sector during the first decade of South Africa's democracy requires an … is an institutional politics around budget allocation, between and within spheres or levels of government. There is a … tension between a rights-based approach to service provision and the politics of sustainability and conservation. The …

Persistent link: https://www.econbiz.de/10011079043

Financing the Market-Based Redistribution of Land to Disadvantaged Farmers and Farm Workers in South Africa: Recent Performance of the Land Reform Credit Facility

Lyne, Michael; Zille, Paul; Graham, Douglas - In: Sociological Research Online 5 (2000) 2

This paper compares the results of public and private land redistribution in the province of KwaZulu-Natal, South Africa. It identifies problems that constrain access to the land market, and describes recent efforts to address the liquidity problem associated with mortgage finance. The Land...

Persistent link: https://www.econbiz.de/10005767143

South African health financing reform 2000–2010: Understanding the agenda-setting process

Pillay, Timesh D.; Skordis-Worrall, Jolene - In: Health Policy 109 (2013) 3, pp. 321-331

Governments around the world are struggling to address persistent disparities in health care access. However, this priority competes with many others for support in moving onto and up the political agenda. In this paper, a novel method of agenda-setting analysis is developed by merging and...

Persistent link: https://www.econbiz.de/10010617062

Political orientation of government and stock market returns

Bialkowski, Jedrzej; Gottschalk, Katrin; Wisniewski, Tomasz - Volkswirtschaftliche Fakultät, … - 2006

Prior research documented that U.S. stock prices tend to grow faster during Democratic administrations than during Republican administrations. This letter examines whether stock returns in other countries also depend on the political orientation of the incumbents. An analysis of 24 stock markets...

Persistent link: https://www.econbiz.de/10005836785

The international politics of IFRS harmonization

Ramanna, Karthik - Harvard Business School, Harvard University - 2011

The globalization of accounting standards as seen through the proliferation of IFRS worldwide is one of the most important developments in corporate governance over the last decade. I offer an analysis of some international political dynamics of countries' IFRS harmonization decisions. The...

Persistent link: https://www.econbiz.de/10009151002

Is there any causality between inflation and FDI in an ‘inflation targeting’ regime? Evidence from South Africa

Valli, Mohammed; Masih, Mansur - Volkswirtschaftliche Fakultät, … - 2014

This paper attempts to examine whether a long-run theoretical relationship does indeed exist between the level of inflation in South Africa and the amount of FDI eventually received by the country. It also attempts to provide insight into the purported macroeconomic benefits of the policy of...

Persistent link: https://www.econbiz.de/10011108011

Non-linearity behaviour of the ALBI Index: A case of Johannesburg Stock Exchange in South Africa

Cheteni, Priviledge - Volkswirtschaftliche Fakultät, … - 2013

Since the global financial crisis that crippled the world’s financial markets in 2007, interest in nonlinear dynamics in form of deterministic chaos has increased. Hence, the main purpose of this study was to detect if whether stock returns exhibit nonlinear and chaotic tendencies. By using...

Persistent link: https://www.econbiz.de/10011109641

Modelling the oil price –exchange rate nexus for South Africa

Fowowe, Babajide - In: Economie Internationale (2014) 140, pp. 36-48

This paper conducts an empirical analysis of the relationship between oil prices and exchange rates in South Africa. We model the volatility and jumps in exchange rate returns by using the GARCH autoregressive conditional jump intensity model of Chan and Maheu which models the effects of extreme...

Persistent link: https://www.econbiz.de/10011082285