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دانلود کتاب Capital Flows, Credit Markets and Growth in South Africa: The Role of Global Economic Growth, Policy Shifts and Uncertainties
دانلود کتاب جریان سرمایه، بازارهای اعتباری و رشد در آفریقای جنوبی: نقش رشد اقتصادی جهانی، تغییر سیاست ها و عدم قطعیت ها
مشخصات کتاب
Capital Flows, Credit Markets and Growth in South Africa: The Role of Global Economic Growth, Policy Shifts and Uncertainties
ویرایش: 1st ed. 2019
نویسندگان: Nombulelo Gumata. Eliphas Ndou
سری:
ISBN (شابک) : 9783030308872, 9783030308889
ناشر: Springer International Publishing;Palgrave Macmillan
سال نشر: 2019
تعداد صفحات: 406
زبان: English
فرمت فایل : PDF (درصورت درخواست کاربر به PDF، EPUB یا AZW3 تبدیل می شود)
حجم فایل: 12 مگابایت
قیمت کتاب (تومان) : 43,000
کلمات کلیدی مربوط به کتاب جریان سرمایه، بازارهای اعتباری و رشد در آفریقای جنوبی: نقش رشد اقتصادی جهانی، تغییر سیاست ها و عدم قطعیت ها: اقتصاد، اقتصاد آفریقا، اقتصاد کلان/اقتصاد پولی//اقتصاد مالی، رشد اقتصادی، اقتصاد کشاورزی، اقتصاد کار
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توجه داشته باشید کتاب جریان سرمایه، بازارهای اعتباری و رشد در آفریقای جنوبی: نقش رشد اقتصادی جهانی، تغییر سیاست ها و عدم قطعیت ها نسخه زبان اصلی می باشد و کتاب ترجمه شده به فارسی نمی باشد. وبسایت اینترنشنال لایبرری ارائه دهنده کتاب های زبان اصلی می باشد و هیچ گونه کتاب ترجمه شده یا نوشته شده به فارسی را ارائه نمی دهد.
توضیحاتی در مورد کتاب جریان سرمایه، بازارهای اعتباری و رشد در آفریقای جنوبی: نقش رشد اقتصادی جهانی، تغییر سیاست ها و عدم قطعیت ها
توضیحاتی درمورد کتاب به خارجی
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.
فهرست مطالب
Front Matter ....Pages i-xliii
Introduction (Nombulelo Gumata, Eliphas Ndou)....Pages 1-21
Front Matter ....Pages 23-23
Is BRICS GDP Growth a Source of Shocks or an Amplifier of Global Growth Responses? What Are the Policy Implications for South Africa? (Nombulelo Gumata, Eliphas Ndou)....Pages 25-54
Does the Trade-Openness Channel Impact the Effects of Business Confidence Shocks on Investment Growth? (Nombulelo Gumata, Eliphas Ndou)....Pages 55-67
Trade-Openness, Consumer Price Inflation and Exchange Rate Depreciation Shocks (Nombulelo Gumata, Eliphas Ndou)....Pages 69-85
Global Growth and Economic Policy Uncertainty Shock Effects on the South African Economy: Do These Reinforce Each Other? (Nombulelo Gumata, Eliphas Ndou)....Pages 87-96
Heightened Foreign Economic Policy Uncertainty Shock Effects on the South African Economy: Transmission via Capital Flows, Credit Conditions and Business Confidence Channels (Nombulelo Gumata, Eliphas Ndou)....Pages 97-117
Front Matter ....Pages 119-119
In Which Direction Is There a Momentum Effect in the Changes in the Spread Between the Repo Rate and Federal Funds Rate? (Nombulelo Gumata, Eliphas Ndou)....Pages 121-140
How Do Global Real Policy Rates Impact the South African GDP Growth and Labour Market Conditions? (Nombulelo Gumata, Eliphas Ndou)....Pages 141-147
To What Extent Do Capital Inflows Impact the Response of the South African Economic Growth to Positive SA-US Interest Rate Differential Shocks? (Nombulelo Gumata, Eliphas Ndou)....Pages 149-159
Front Matter ....Pages 161-161
Economic Costs of Capital Flow Episodes in South Africa (Nombulelo Gumata, Eliphas Ndou)....Pages 163-176
Capital Flow Surges, Sudden Stops and Elevated Portfolio Inflow Volatility Shocks: What is the Nature of Their Interaction with GDP Growth and Credit? (Nombulelo Gumata, Eliphas Ndou)....Pages 177-194
Bank and Non-bank Capital Flows and The Sectorial Reallocation of Credit Away from the Household Sector (Nombulelo Gumata, Eliphas Ndou)....Pages 195-205
Banking and Non-banking Capital Flows and The Sectorial Reallocation of Credit Away from Companies (Nombulelo Gumata, Eliphas Ndou)....Pages 207-219
Equity, Debt Inflows and the Price Stability Mandate (Nombulelo Gumata, Eliphas Ndou)....Pages 221-233
Do Local Investors Play a Stabilising Role Relative to Foreign Investors After Economic Shocks? (Nombulelo Gumata, Eliphas Ndou)....Pages 235-254
Do Investors’ Net Purchases and Capital Retrenchment Activities Impact the Monetary Policy Response to Positive Inflation Shocks? (Nombulelo Gumata, Eliphas Ndou)....Pages 255-265
Front Matter ....Pages 267-267
What Role Does Business Confidence Play in Transmitting Sovereign Debt Credit Ratings Upgrades and Downgrades Shocks into the Real Economy? (Nombulelo Gumata, Eliphas Ndou)....Pages 269-286
Are Sovereign Debt Credit Ratings Shocks Transmitted Via Economic Growth to Impact Credit Growth? (Nombulelo Gumata, Eliphas Ndou)....Pages 287-299
Does the Cost of Government Borrowing Transmit Sovereign Debt Credit Ratings Downgrades Shocks to Credit Growth? (Nombulelo Gumata, Eliphas Ndou)....Pages 301-306
Front Matter ....Pages 307-307
The Output-gap, Nominal Wage and Consumer Price Inflation Volatility Trade-off (Nombulelo Gumata, Eliphas Ndou)....Pages 309-317
The Output-Gap and Inflation Volatility Trade-off: Do External Shocks and Inflation Expectations Shift the Taylor Curve (Nombulelo Gumata, Eliphas Ndou)....Pages 319-329
Do Adverse Global Trade Shocks Impact the Trade-off Between the Inflation and Output-Gap Volatilities (Nombulelo Gumata, Eliphas Ndou)....Pages 331-340
Do the Labour Market Conditions Shocks Impact the Trade-off Between the Inflation and Output-Gap Volatilities? (Nombulelo Gumata, Eliphas Ndou)....Pages 341-350
Front Matter ....Pages 351-351
The Output Gap–Inflation Trade-off and the Policy Ineffectiveness (Nombulelo Gumata, Eliphas Ndou)....Pages 353-364
Inflation Regimes and the Transmission of Positive Nominal Demand Shocks to the Price Level (Nombulelo Gumata, Eliphas Ndou)....Pages 365-378
Back Matter ....Pages 379-385
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