Capital Flows, Credit Markets and Growth in South Africa

Released on by Nombulelo Gumata
preview-18

  • Capital Flows, Credit Markets and Growth in South Africa Book Detail

  • Author : Nombulelo Gumata
  • Release Date : 2019-12-11
  • Publisher : Springer Nature
  • Genre : Business & Economics
  • Pages : 385
  • ISBN 13 : 303030888X
  • File Size : 64,64 MB
DOWNLOAD BOOK

Capital Flows, Credit Markets and Growth in South Africa by Nombulelo Gumata PDF Summary

Book Description: This book examines the dynamics in capital flows, credit markets and growth in South Africa. The authors explore the role of global economic growth, policy shifts and various economic policy uncertainties. Central banks in advanced economies are engaged in unconventional monetary policy tools such as balance sheet policies, negative interest rates and extended forward guidance to assist them to meet their price, financial and macro-economic stability objectives. This book determines whether BRICS GDP growth is a source of shocks or an amplifier of global growth shocks. The authors find that global economic growth and policy uncertainty reinforce each other via capital flows, credit conditions and business confidence on the domestic economy. Furthermore, they demonstrate that there is momentum in the changes in the spread between the repo rate and federal funds rate. In addition, global real policy rates impact domestic GDP growth and labor market conditions. The authors examine the economic costs of capital flow surges, sudden stops and elevated portfolio volatility shocks and their interaction with GDP growth and credit. They show that equity and debt inflows matter in the attainment of the price stability mandate. Moreover, business confidence transmits sovereign credit ratings upgrades and downgrades shocks to the real economy via GDP growth, the cost of government debt and borrowing to impact credit growth. High GDP growth increases the likelihood of sovereign credit ratings upgrades, hence policymakers should implement pro-growth policies. Inflation regimes impact the transmission of positive nominal demand shocks to the price level. Low and stable inflation (inflation below 4.5 per cent) reduces the pass-through of positive nominal demand shocks to inflation.

Disclaimer: www.yourbookbest.com does not own Capital Flows, Credit Markets and Growth in South Africa books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

The Composition of Capital Flows

The Composition of Capital Flows

File Size : 86,86 MB
Total View : 7664 Views
DOWNLOAD

Over the past decade, South Africa has attracted relatively little foreign direct investment (FDI), but considerable amounts of portfolio inflows. In this conte