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Financial Stress Indicator Variables and Monetary Policy in South Africa

Journal of Economics Bibliography

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Title Financial Stress Indicator Variables and Monetary Policy in South Africa
 
Creator RAPUTSOANE, Leroi; Pretoria, South Africa, Phone: +27733506406
 
Subject Financial stressindicator variables; Monetary policy
C32; C51; E52; E61; G01; G10.
 
Description Abstract. This paper analyses the relationship between financial stress indicator variables and monetary policy in South Africa with emphasis on how robust these variables are related to the monetary policy interest rate. The financial stress indicator variables comprise a set of variables from the main segments of the South African financial market that include the bond and equity securities markets, the commodity market and the exchange rate market.The empirical results show that the set of financial stress indicator variables from the bond and equity securities markets as well as those from credit markets and property markets are robustly associated with the monetary policy interest rate, while the set of financial stress indicator variables from commodity markets and the exchange rate market are weakly associated with the monetary policy interest rate.Keywords. Financial stressindicator variables, Monetary policy.JEL. C32, C51, E52, E61, G01, G10.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2016-06-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/736
10.1453/jeb.v3i2.736
 
Source Journal of Economics Bibliography; Vol 3, No 2 (2016): June; 203-214
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/736/928
 
Rights Copyright (c) 2016 Journal of Economics Bibliography
http://creativecommons.org/licenses/by-nc/4.0