Professional Documents
Culture Documents
(Download PDF) Exchange Rate Second Round Effects and Inflation Processes Evidence From South Africa Eliphas Ndou Online Ebook All Chapter PDF
(Download PDF) Exchange Rate Second Round Effects and Inflation Processes Evidence From South Africa Eliphas Ndou Online Ebook All Chapter PDF
https://textbookfull.com/product/inequality-output-inflation-
trade-off-and-economic-policy-uncertainty-evidence-from-south-
africa-eliphas-ndou/
https://textbookfull.com/product/global-economic-uncertainties-
and-exchange-rate-shocks-transmission-channels-to-the-south-
african-economy-1st-edition-eliphas-ndou/
https://textbookfull.com/product/biota-grow-2c-gather-2c-cook-
loucas/
https://textbookfull.com/product/australia-and-africa-a-new-
friend-from-the-south-nikola-pijovic/
Heart Rate Training Second Edition Benson
https://textbookfull.com/product/heart-rate-training-second-
edition-benson/
https://textbookfull.com/product/this-is-south-africa-borchert/
https://textbookfull.com/product/interest-rate-modeling-theory-
and-practice-second-edition-edition-wu/
https://textbookfull.com/product/gender-and-hiv-in-south-africa-
courtenay-sprague/
https://textbookfull.com/product/climate-clothing-and-
agriculture-in-prehistory-linking-evidence-causes-and-effects-
ian-gilligan/
Eliphas Ndou · Nombulelo Gumata
Mthokozisi Mncedisi Tshuma
Exchange Rate,
Second Round
Effects and Inflation
Processes
Evidence From South Africa
Eliphas Ndou Nombulelo Gumata
South African Reserve Bank Pretoria, South Africa
Pretoria, South Africa
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature
Switzerland AG 2019
This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether
the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse
of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and
transmission or information storage and retrieval, electronic adaptation, computer software, or by
similar or dissimilar methodology now known or hereafter developed.
The use of general descriptive names, registered names, trademarks, service marks, etc. in this
publication does not imply, even in the absence of a specific statement, that such names are exempt
from the relevant protective laws and regulations and therefore free for general use.
The publisher, the authors and the editors are safe to assume that the advice and information in this
book are believed to be true and accurate at the date of publication. Neither the publisher nor the
authors or the editors give a warranty, express or implied, with respect to the material contained herein
or for any errors or omissions that may have been made. The publisher remains neutral with regard to
jurisdictional claims in published maps and institutional affiliations.
This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG
The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
v
vi Preface
the balance sheets of banks makes it difficult for banks to absorb cost
increases. Excess CAR acts as some form of barrier to entry in the bank-
ing sector which lowers the interest rate pass-through. Hence, there is a
case for a rigorous financial regulatory framework which includes differ-
entiated framework for lower-tier banks. Similarly, the management of
non-performing should be a key supervisory and regulatory priority.
The book shows that there is momentum in the adjustment of
weighted lending rates, the corporate sector lending rate and flexible
mortgage rates to repo rate changes. The repo rate increases are passed
through more quickly than cost decreases to lending rates. In addi-
tion, the lending rates adjust upwards quickly than during downward
corrections.
We are grateful and extend our thanks to our colleagues at the South
African Reserve Bank for responding timely to data requests. We thank
the Estima for Rats software support service for helping us with coding
troubling shooting.
ix
Contents
1 Introduction 3
xi
xii Contents
References 391
Index 405
List of Figures
xv
xvi List of Figures
Fig. 1.1 Various measures of inflation (Source South African Reserve Bank)