Global Economic Uncertainties and Exchange Rate Shocks: Transmission Channels to the South African Economy

Front Matter ....Pages i-xliv
 Introduction  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 1-25
Front Matter ....Pages 27-27
 Heightened Foreign Economic Policy Uncertainty Shocks on the South African Economy: The Role of Credit Conditions and the Capital Flows Channels  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 29-50
 UK Economic Policy Uncertainty Shock and the South African Economy: Inferences from the Exchange Rate, Exports and Inflation Channels  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 51-72
 Foreign GDP Growth Uncertainty Shocks and the South African Economy  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 73-86
 Interaction Between Economic Policy and GDP Growth Uncertainties: Implications for South African GDP Growth  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 87-109
Front Matter ....Pages 111-111
 Real Exchange Rate Fluctuations, Exports and GDP Growth Dynamics  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 113-130
 The Real Exchange Rate and Sectoral Gross Value Added: The Role of Foreign Demand and Economic Policy Uncertainty  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 131-142
 Real Exchange Rate Depreciation Shock and Real Investment Growth: The Balance Sheet Channel  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 143-157
 Rand Depreciation and Investment Dynamics: The Role of Imported Intermediate Inputs  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 159-168
 Exchange Rate Depreciation Shocks and Redistribution of Income: The Marginal Propensity to Consume Channel  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 169-185
 Is Macroeconomic Uncertainty a Source of Subdued and Volatile Economic Recovery?  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 187-208
 Real Exchange Rate and Implications for Monetary Policy  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 209-221
 Domestic Macroeconomic Uncertainty: What Are the Financial Stability Effects?  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 223-248
 Financial Regulation Policy Uncertainty, Lending Rate Margins and Credit Growth  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 249-268
Front Matter ....Pages 269-269
 The Macroeconomic Effects of the Expected US Monetary Policy Normalisation Shock on the South African Economy  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 271-298
 Monetary Policy and Exchange Rate Volatilities: Implications for Output Dynamics  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 299-315
 Capital Flow Episodes and Real Economic Costs of Flow Episodes  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 317-331
 Transitory and Permanent Components of the Exchange Rate Volatility  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 333-358
 Does the Rand Per US Dollar Exchange Rate Volatility Impact on Net Asset Purchases by Non-residents?  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 359-381
 Business Confidence Shocks and the Relevance of Exchange Rate Volatility and Economic Policy Uncertainty Channels  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 383-399
 Domestic Macroeconomic Uncertainty Shock and the Consumer Confidence Channel  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 401-408
 Asymmetrical Real Exchange Rate Risk Effects on South African and US Exports Growth  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 409-421
 Exchange Rate Depreciation, Risk and Exports: A Counterfactual VAR Approach  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 423-443
 South African Exporters and the Pricing-to-Market Strategy  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 445-458
 Does the Inflation Threshold Lead to Asymmetric Effects of the Rand Per US Dollar Exchange Rate Changes on Inflation?  (Eliphas Ndou, Nombulelo Gumata, Mthuli Ncube)....Pages 459-470
Back Matter ....Pages 471-484