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Uncertainty Shocks In Africa
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Book Synopsis Uncertainty Shocks in Africa by : Giuseppe T. Cirella
Download or read book Uncertainty Shocks in Africa written by Giuseppe T. Cirella and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores in detail how African countries dealt with the pandemic and how it affected different aspects of different economies and social structures. Observing how human beings change the environment and, specifically, how population growth and urbanization negatively impact nature, recently shocked economies and social upheaval in Africa indicate a crossroads moment for the continent. The book further adds to the knowledge base of how to build a more robust Africa with sustainable solutions working in tandem with vibrant and robust economies. Commonsense social strategies go hand in hand with trackable shocked economies via first- and second-moment reactions. Uncertainty shocks, in this case, interrelate via an umbrella effect. The authors evaluate theories of impact shocks using a sustainable growth and change model. Finally, key topics incorporate new urban thinking for economic recovery, developing sustainable economies post-COVID-19, understanding social practices during a crisis, and developing community robustness via shock events. The book integrates an interdisciplinary approach to understanding how to best mitigate the COVID-19 crisis as well as reduce future shocks to the African continent. It raises vital questions connecting the effects of lockdown measures, crisis causation, and shock impacts most countries faced over the last two-year period. The answers to these questions are not limited to economists and sociologists, instead, they magnify to include policymakers and everyday people. The nature of this book is to help piece together solutions for preparedness, a stronger understanding of sound development, and a united and resilient Pan-Africanism to best handle future shock events.
Book Synopsis Uncertainty Shocks in Africa by : Giuseppe T. Cirella
Download or read book Uncertainty Shocks in Africa written by Giuseppe T. Cirella and published by Springer Nature. This book was released on 2023-02-03 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores in detail how African countries dealt with the pandemic and how it affected different aspects of different economies and social structures. Observing how human beings change the environment and, specifically, how population growth and urbanization negatively impact nature, recently shocked economies and social upheaval in Africa indicate a crossroads moment for the continent. The book further adds to the knowledge base of how to build a more robust Africa with sustainable solutions working in tandem with vibrant and robust economies. Commonsense social strategies go hand in hand with trackable shocked economies via first- and second-moment reactions. Uncertainty shocks, in this case, interrelate via an umbrella effect. The authors evaluate theories of impact shocks using a sustainable growth and change model. Finally, key topics incorporate new urban thinking for economic recovery, developing sustainable economies post-COVID-19, understanding social practices during a crisis, and developing community robustness via shock events. The book integrates an interdisciplinary approach to understanding how to best mitigate the COVID-19 crisis as well as reduce future shocks to the African continent. It raises vital questions connecting the effects of lockdown measures, crisis causation, and shock impacts most countries faced over the last two-year period. The answers to these questions are not limited to economists and sociologists, instead, they magnify to include policymakers and everyday people. The nature of this book is to help piece together solutions for preparedness, a stronger understanding of sound development, and a united and resilient Pan-Africanism to best handle future shock events.
Book Synopsis Global Economic Uncertainties and Exchange Rate Shocks by : Eliphas Ndou
Download or read book Global Economic Uncertainties and Exchange Rate Shocks written by Eliphas Ndou and published by Springer. This book was released on 2018-01-08 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the macroeconomic and regulatory impact of domestic and international shocks on the South African economy resulting from the 2009 financial crisis. It also assesses the impact of the US economy’s eventual recovery from the crisis and the prospect of higher US interest rates in future. Told in three parts, the book explores associations between economic growth, policy uncertainty and the key domestic and international transmission channels, and transmission effects, of global financial regulatory and domestic macro-economic uncertainties on subdued and volatile economic recovery, financial channels, lending rate margins, and credit growth. The book concludes by extending its focus to the role of US monetary policy, capital flows and rand/US dollar volatility on the South African economy.
Book Synopsis Achieving Price, Financial and Macro-Economic Stability in South Africa by : Nombulelo Gumata
Download or read book Achieving Price, Financial and Macro-Economic Stability in South Africa written by Nombulelo Gumata and published by Springer Nature. This book was released on 2021-05-27 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the macro-financial effects of central bank balance sheets, macro-prudential tools, and financial regulation in South Africa. How employment can be maximised while keeping inflation low and stable is examined in relation to the structural changes required to alter the composition of South African bank balance sheets. Quantitative methods and approaches are utilised to highlight the impact of suggested policies. This book aims to outline strategies and policy interventions that can help achieve the National Development Plan in South Africa. It will be of interest to researchers and policymakers working within development economics, African economics, development finance, and financial policy.
Book Synopsis Fiscal Policy Shocks and Macroeconomic Growth in South Africa by : Eliphas Ndou
Download or read book Fiscal Policy Shocks and Macroeconomic Growth in South Africa written by Eliphas Ndou and published by Springer Nature. This book was released on 2023-09-16 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the disconnect between fiscal policy and macroeconomic development in South Africa. It analyses the factors that have contributed to the lack of economic growth in the country over recent decades and outlines an improved fiscal policy framework that increases investment and employment. Particular attention is given to the impact of government debt and its relationship with GDP, the connection between budget deficits and interest rates, and how economic policy uncertainty affects employment dynamics and inflation. This book provides practical fiscal policy suggestions to increase economic growth in South Africa and Africa more generally. It will be relevant to researchers and policymakers interested in African economics and economic policy.
Book Synopsis Capital Flows, Credit Markets and Growth in South Africa by : Nombulelo Gumata
Download or read book Capital Flows, Credit Markets and Growth in South Africa written by Nombulelo Gumata and published by Springer Nature. This book was released on 2019-12-11 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Oil Price Uncertainty by : Apostolos Serletis
Download or read book Oil Price Uncertainty written by Apostolos Serletis and published by World Scientific Publishing Company Incorporated. This book was released on 2012 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
Download or read book Banking in Africa written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In its fifth edition, this report focuses on recent developments in Africa's banking sectors and the policy options for all stakeholders. The study of banking sectors across all African sub-regions includes the results of the EIB survey of banking groups operating in Africa. Three thematic chapters address challenges and opportunities for financing investment in Africa: - Investing sustainably in Africa's cities; - Mobilising agricultural value chain financing in Africa: why and how; - Remittances and financial sector development in Africa.
Book Synopsis Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa by : Nombulelo Gumata
Download or read book Accelerated Land Reform, Mining, Growth, Unemployment and Inequality in South Africa written by Nombulelo Gumata and published by Springer Nature. This book was released on 2020-01-03 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overarching goal of South Africa’s National Development Plan (NDP) is to eliminate poverty, reduce inequality, lower unemployment and increase the labour participation.This book contributes to academic and policy efforts to achieve these NDP goals. We establish that the coal, metal ores and the platinum group commodity sectors will underpin the mining as a “sunrise” industry. The export-led growth strategy is necessary for intensive employment creation but must be complemented by other micro, macroeconomic and industrial policies. A strategy of minerals beneficiation is important for intensive employment creation. Accelerated land reform is a supply side or structural reform policy intervention tool aimed at increasing potential output, changing ownership patterns in the economy, increasing entrepreneurship, labour absorption, economic inclusion and lowering income inequality. Evidence shows that the balance sheet channel, commodity price booms and busts are intricately linked with the exchange rate dynamics, policy uncertainty, confidence and the effects of droughts (also symptoms of climate change). Productivity and investment growth shocks matter for output, employment and price stability. Evidence indicates that nominal GDP growth above 10 percent and keeping inflation within the target band leads to significant increase in employment and decline in unemployment, without inflationary pressures, especially when inflation is below 4.5 percent. To operationalise the NDP targets, align and co-ordinate policies, the South African Reserve Bank (SARB) mandate can be expanded to include maximum employment. This must be complemented by lowering the inflation target band, adjusting the financial regulatory, macro-prudential and monetary policy frameworks. This will enhance the conduct and credibility of monetary and financial stability policies to achieve the set objectives. These objectives make policy co-ordination pertinent and binding.
Book Synopsis Exchange Rate Volatility and Pass-Through to Inflation in South Africa by : Mr.Ken Miyajima
Download or read book Exchange Rate Volatility and Pass-Through to Inflation in South Africa written by Mr.Ken Miyajima and published by International Monetary Fund. This book was released on 2019-12-13 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does the South African rand’s relatively large volatility affect inflation? To shed some light on this question, a standard estimation technique of exchange rate pass-through to inflation is extended to incorporate exchange rate volatility. Estimated results suggest that higher exchange rate volatility tends to increase core inflation but to a relatively limited extent in South Africa. The finding lends support to the policy of allowing the rand to float freely and work as a shock absorber, consistent with the nation’s successful inflation targeting regime.
Book Synopsis Applications in Energy Finance by : Christos Floros
Download or read book Applications in Energy Finance written by Christos Floros and published by Springer Nature. This book was released on 2022-05-14 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook investigates the linkages between energy-commodities markets, financial markets and the economy and incorporates different aspects of the energy market, organizing the relevant material in two distinct parts. Part one includes studies that relate to the impact of developments in the various energy-commodities markets (e.g., oil, gas) both on financial markets and economic growth, including studies that consider the impact of energy prices on financial markets or the effect on specific macroeconomic variables, such as interest rates, inflation, GDP. Part two discusses developments in the energy market from a climate change or green financing point of view, further considering issues that relate to climate finance, green investing, as well as policy making relating to GHG Emissions. By introducing a multitude of topics in energy finance, this textbook provides a holistic view of the market and its importance
Book Synopsis The Secular Decline of the South African Manufacturing Sector by : Nombulelo Gumata
Download or read book The Secular Decline of the South African Manufacturing Sector written by Nombulelo Gumata and published by Springer Nature. This book was released on 2020-11-10 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the global and domestic factors that have influenced the decline of South African manufacturing. Quantitative and econometric techniques are used to analyse the macroeconomic conditions that derive improved performance within the manufacturing sector. Empirical evidence is used to set out policy recommendations that would allow the South African National Development Plan to meet its objectives. This books aims to bring together analysis of industrial policy, competition policy, and merger remedies to produce a framework on how to preserve a competitive environment and support output, investment, and employment growth. It is relevant to those interested in African, development, and labour economics.
Book Synopsis Bank Credit Extension and Real Economic Activity in South Africa by : Nombulelo Gumata
Download or read book Bank Credit Extension and Real Economic Activity in South Africa written by Nombulelo Gumata and published by Springer. This book was released on 2017-03-13 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents empirical evidence that supports and facilitates a practical, integrated approach to how bank regulatory and selected macro-prudential tools interact with monetary policy to achieve price and financial stability. The empirical results contained in various chapters accompany in-depth historical analysis and counterfactual scenarios that enable proper policy evaluation and the interaction of bank regulatory, macro-prudential and monetary policy tools in South Africa. The presented evidence also identifies financial asset boom and bust episodes and the associated costly output losses. In addition, the authors explore the amplification of credit dynamics by commodity prices and sector credit re-allocation due to capital inflows shocks. The book’s empirical analysis uses a wide range of statistical and econometric approaches on granular data and economic variables to derive policy implications and recommendations. This in-depth quantitative analysis includes determining inverse transmission of global liquidity, as well as the effects of capital flows, lending-rate margins, financial regulatory uncertainty, the National Credit Act, bank capital-adequacy ratios, bank loan loss provisions, loan-to-value ratios and repayment-to-income ratios on the macro-economy.
Book Synopsis Economic Effects of COVID-19 Related Uncertainty Shocks by : Giray Gozgor
Download or read book Economic Effects of COVID-19 Related Uncertainty Shocks written by Giray Gozgor and published by Frontiers Media SA. This book was released on 2021-11-24 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market and Fiscal Policy Adjustments to Shocks by : Nombulelo Gumata
Download or read book Labour Market and Fiscal Policy Adjustments to Shocks written by Nombulelo Gumata and published by Springer. This book was released on 2017-12-18 with total page 599 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability. Evidence suggests there are benefits in adopting an approach that coordinates labour market policies and reforms, fiscal policy, price and financial stability. In particular, the benefits of coordinating policies present policymakers with policy options in cases where they are confronted by binding policy trade-offs and dilemmas, such as in cases when there is divergence in price and financial and economic growth outcomes. The empirical insights and policy recommendations are based on different techniques that include the counterfactual and endogenous-exogenous approaches, non-linearities introduced by thresholds and the impact of persistent and transitory shock effects. Themes covered in the book include various aspects of labour market conditions and reforms and their link to inflation and inflation expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic policy uncertainty and employment, government debt thresholds, sovereign yields and debt ratings downgrades, labour productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government cost of funding on price and financial stability and the link between fiscal policy and credit dynamics.
Book Synopsis Our Continent, Our Future by : P. Thandika Mkandawire
Download or read book Our Continent, Our Future written by P. Thandika Mkandawire and published by IDRC. This book was released on 2014-05-14 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Book Synopsis Managing Risk and Decision Making in Times of Economic Distress by : Simon Grima
Download or read book Managing Risk and Decision Making in Times of Economic Distress written by Simon Grima and published by Emerald Group Publishing. This book was released on 2022-03-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Risk and Decision Making in Times of Economic Distress adds much needed scholarly analysis of the fledgling decision/control approach, arguing the merits of its empirical content to shed light on the structure of capital contracts and rationale for diversity of objectives.
