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000780191 020__ $$a9783319435510$$q(electronic book)
000780191 020__ $$a3319435515$$q(electronic book)
000780191 020__ $$z9783319435503
000780191 035__ $$aSP(OCoLC)ocn975999600
000780191 035__ $$aSP(OCoLC)975999600
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000780191 049__ $$aISEA
000780191 050_4 $$aHG1641
000780191 08204 $$a332.1/753$$223
000780191 1001_ $$aGumata, Nombulelo,$$eauthor.
000780191 24510 $$aBank credit extension and real economic activity in South Africa :$$bthe impact of capital flow dynamics, bank regulation and selected macro-prudential tools /$$cNombulelo Gumata, Eliphas Ndou.
000780191 264_1 $$aCham, Switzerland :$$bPalgrave Macmillan,$$c[2017]
000780191 300__ $$a1 online resource.
000780191 336__ $$atext$$btxt$$2rdacontent
000780191 337__ $$acomputer$$bc$$2rdamedia
000780191 338__ $$aonline resource$$bcr$$2rdacarrier
000780191 504__ $$aIncludes bibliographical references and index.
000780191 5050_ $$aChapter 1) Introduction -- Chapter 2)The inverse transmission of positive global liquidity shocks into the South African economy -- Chapter 3) The impact of capital flows on credit extension: the counterfactual approach -- Chapter 4) Capital flow episode shocks, global risk and credit growth -- Chapter 5) Do bank and non-bank capital flows induce sectorial reallocation of credit away from the household sector? -- Chapter 6) Do components of capital flows induce sectorial reallocation of credit away from companies? -- Chapter 7) Stock returns, volatility and bust effects on economic growth -- Chapter 8) The interaction between credit conditions, monetary policy and economic activity -- Chapter 9) Credit conditions and the amplification of exchange rate depreciation and other unexpected macroeconomic shocks -- Chapter 10) What does the adjustment of the lending-deposit rate spread tell us about collusive behaviour pricing, transaction costs and adverse customer reaction? -- Chapter 11) Adverse credit supply shocks and weak economic growth -- Chapter 12) Credit supply shocks and real economic activity -- Chapter 13) Credit growth threshold and the nonlinear transmission of credit shocks -- Chapter 14) Credit regimes and the balance sheet effects -- Chapter 15) The banking risk-taking channel of monetary policy in South Africa -- Chapter 16) Financial regulation policy uncertainty and the sluggish recovery in credit growth -- Chapter 17) Excess capital adequacy and liquid asset holdings and credit -- Chapter 18) Credit loss provisions as a macro-prudential tool -- Chapter 19) The National Credit Act, monetary policy and credit growth -- Chapter 20) Loan-to-value ratios, contractionary monetary policy and inflation expectations -- Chapter 21) Repayment-to-income and loan-to-value ratios shocks on the housing market.
000780191 506__ $$aAccess limited to authorized users.
000780191 520__ $$aThis book presents empirical evidence that supports and facilitates a practical, integrated approach to how bank regulatory and selected macro-prudential tools interact with monetary policy to achieve price and financial stability. The empirical results contained in various chapters accompany in-depth historical analysis and counterfactual scenarios that enable proper policy evaluation and the interaction of bank regulatory, macro-prudential and monetary policy tools in South Africa. The presented evidence also identifies financial asset boom and bust episodes and the associated costly output losses. In addition, the authors explore the amplification of credit dynamics by commodity prices and sector credit re-allocation due to capital inflows shocks. The book’s empirical analysis uses a wide range of statistical and econometric approaches on granular data and economic variables to derive policy implications and recommendations. This in-depth quantitative analysis includes determining inverse transmission of global liquidity, as well as the effects of capital flows, lending-rate margins, financial regulatory uncertainty, the National Credit Act, bank capital-adequacy ratios, bank loan loss provisions, loan-to-value ratios and repayment-to-income ratios on the macro-economy.
000780191 588__ $$aVendor-supplied metadata.
000780191 650_0 $$aBank loans$$zSouth Africa.
000780191 650_0 $$aBanks and banking$$zSouth Africa.
000780191 650_0 $$aCredit$$zSouth Africa.
000780191 651_0 $$aSouth Africa$$xEconomic policy.
000780191 7001_ $$aNdou, Eliphas,$$eauthor.
000780191 852__ $$bebk
000780191 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-43551-0$$zOnline Access$$91397441.1
000780191 909CO $$ooai:library.usi.edu:780191$$pGLOBAL_SET
000780191 980__ $$aEBOOK
000780191 980__ $$aBIB
000780191 982__ $$aEbook
000780191 983__ $$aOnline
000780191 994__ $$a92$$bISE