001467650 000__ 06830cam\\2200709Ii\4500 001467650 001__ 1467650 001467650 003__ OCoLC 001467650 005__ 20230707003333.0 001467650 006__ m\\\\\o\\d\\\\\\\\ 001467650 007__ cr\cn\nnnunnun 001467650 008__ 160510t20162016nyu\\\\\ob\\\\001\0\eng\d 001467650 019__ $$a949326167 001467650 020__ $$a9781137512963$$q(electronic bk.) 001467650 020__ $$a1137512962$$q(electronic bk.) 001467650 020__ $$z9781137512956 001467650 020__ $$z1137512954 001467650 035__ $$aSP(OCoLC)949274253 001467650 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dN$T$$dOCLCO$$dOCLCF$$dOCLCO$$dYDXCP$$dEBLCP$$dJG0$$dUAB$$dIOG$$dIAD$$dJBG$$dESU$$dILO$$dMERER$$dOCLCQ$$dICN$$dOTZ$$dOCLCA$$dU3W$$dNOC$$dCOO$$dVLB$$dUWW$$dKSU$$dVT2$$dMERUC$$dNLE$$dSNK$$dUKMGB$$dOCLCQ$$dWYU$$dBRX$$dUKAHL$$dGW5XE$$dOCLCQ$$dSFB$$dGZM$$dOCLCO$$dOCLCQ 001467650 043__ $$af-sa--- 001467650 049__ $$aISEA 001467650 050_4 $$aHC905$$b.N39 2015 001467650 08204 $$a338.968$$223 001467650 1001_ $$aNcube, Mthuli,$$d1963-$$eauthor. 001467650 24510 $$aGlobal growth and financial spillovers and the South African macro-economy /$$cMthuli Ncube, Nombulelo Gumata and Eliphas Ndou. 001467650 264_1 $$aNew York, NY :$$bPalgrave Macmillan,$$c2016. 001467650 264_4 $$c©2016 001467650 300__ $$a1 online resource 001467650 336__ $$atext$$btxt$$2rdacontent 001467650 337__ $$acomputer$$bc$$2rdamedia 001467650 338__ $$aonline resource$$bcr$$2rdacarrier 001467650 504__ $$aIncludes bibliographical references and index. 001467650 5050_ $$aCover; Half-Title; Title; Copyright; Contents; List of Figures; List of Tables; Preface; Acknowledgements; 1 Introduction; 1.1 Stylised facts; 1.1.1 What happens to the exchange rate and asset prices at peak and low levels of global risk aversion?; 1.2 Do foreign and South African asset prices move together?; 1.3 The relationship between G7 economic growth and South African growth; 1.4 Correlation between South African trade variables and G7 economic growth; 1.5 Are South Africa's export shares following global economic growth dynamics?; Part I Growth Spillover Effects. 001467650 5058_ $$a2 Positive Economic Growth Spillovers of G8 Countries into South Africa2.1 Introduction; 2.2 Recent growth spillovers evidence; 2.2.1 Evidence on the regional sources of growth spillovers; 2.2.2 Evidence of various channels of transmission; 2.3 Brief discussions of various economic linkages; 2.3.1 Trade patterns; 2.3.2 Foreign inward and outward investment; 2.3.3 The real effective exchange rate movements and implications for competitiveness; 2.4 The methodology; 2.4.1 The modified Poirson and Weber growth spillover framework; 2.5 The empirical analysis. 001467650 5058_ $$a2.5.1 How does South African economic growth respond to positive GDP shocks from G8 countries?2.5.2 Evolution of South African growth before, during and after the recession in 2009Q1-Q3?; 2.5.3 The role of different transmission channels; 2.5.4 To what extent are US growth shocks transmitted via third countries?; 2.6 Conclusion; 3 Growth Spillovers from BRIC Countries into South Africa; 3.1 Introduction; 3.2 Dissecting the role of China on South African trade dynamics; 3.2.1 The South African exports to China; 3.2.2 The South African imports from China; 3.3 The methodology; 3.4 The data. 001467650 5058_ $$a3.5 Empirical results3.5.1 How did BRIC countries contribute to South African GDP growth during the recession in 2009Q1-Q3 and beyond?; 3.5.2 The role of different transmission channels; 3.5.2.1 The counterfactual analysis of various channels and third country effects; 3.6 Conclusion; Appendix A3; Ordering sequence; Part II Spillovers of Foreign Financial Shocks; 4 The Spillovers of Financial Shocks from the United States into the South African Economy; 4.1 Introduction; 4.1.1 The relationship between US and SA financial variables; 4.1.2 The relationship between US trade with SA. 001467650 5058_ $$a4.2 Recent studies4.3 VAR methodology; 4.4 The results; 4.5 Discussion of the results; 4.5.1 Robustness analysis: does the sample size alter the responses?; 4.5.2 Historical contributions; 4.6 Conclusion; Appendix A4; Appendix B4; 5 Spillovers from Euro Area Bond Yields into the South African Macro Economy; 5.1 Introduction; 5.2 Stylised facts on trade relations between South Africa and the euro area; 5.3 A brief review of the portfolio balance model of the exchange rate determination; 5.4 VAR methodology and the data; 5.5 Findings. 001467650 506__ $$aAccess limited to authorized users. 001467650 520__ $$aTo what extent is South Africa affected by G8 economies and BRIC growth shocks? This book identifies channels that amplify these shock effects, the relevance of third country transmission effects and the effects of the first and second rounds of US quantitative easing. The changing reactions of South African variables over time to financial shocks emanating from the US and selected countries in the Euro area, is presented. The book quantifies the effects of capital flow shocks, determines the counterfactuals of asset prices and economic growth variables, and compares the contribution of capital flows and domestic macro factors on asset prices. The effects of the exchange rate depreciation are contrasted to the decline in investment as key drivers of the trade balance. Stock market interdependence is determined amongst South African, Indian and Brazilian equities. The contributions of stock price returns and volatility on South African economic growth are contrasted. The authors construct a financial stress index for South Africa and determine how it amplifies shocks. 001467650 588__ $$aOnline resource; title from PDF title page (EBSCO, viewed May 19, 2016). 001467650 650_0 $$aEconomic development$$zSouth Africa. 001467650 650_0 $$aFinance$$zSouth Africa. 001467650 650_0 $$aFinancial crises$$zSouth Africa. 001467650 650_6 $$aFinances$$zAfrique du Sud. 001467650 651_0 $$aSouth Africa$$xForeign economic relations. 001467650 655_0 $$aElectronic books. 001467650 7001_ $$aNdou, Eliphas,$$eauthor. 001467650 7001_ $$aGumata, Nombulelo,$$eauthor. 001467650 77608 $$iPrint version:$$aNcube, Mthuli, 1963-$$tGlobal growth and financial spillovers and the South African macro-economy.$$dNew York, NY : Palgrave Macmillan, 2015$$z9781137512956$$z1137512954$$w(DLC) 2015003469$$w(OCoLC)903473762 001467650 852__ $$bebk 001467650 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1057/9781137512963$$zOnline Access$$91397441.1 001467650 909CO $$ooai:library.usi.edu:1467650$$pGLOBAL_SET 001467650 980__ $$aBIB 001467650 980__ $$aEBOOK 001467650 982__ $$aEbook 001467650 983__ $$aOnline 001467650 994__ $$a92$$bISE