Over the past ten years South Africa has moved to an increasingly open economy, characterised by a (relatively) low inflation and large and unpredictable movements in the prices of financial assets. One of these asset ...
Solomon, M.; De Wet, W.A. (Walter Albert)(Juta, 2004-03)
The Tanzanian economy has remained one of the limited numbers of countries that has experienced a relatively high inflation rate, accompanied by high fiscal deficits for a prolonged period in the absence of any hyperinflation. ...
This paper argues that, because of asymmetric information and adverse selection, forces other than fundamentals may play an immense role in investment flows to emerging markets. When information is distributed asymmetrically ...
De Wet, W.A. (Walter Albert)(University of Pretoria, 2006-04-14)
The primary objective of this study is to decompose the conditional covariance matrix of a system of variables. A structural GARCH model is proposed which makes use of existing multivariate GARCH (MGARCH) models to decompose ...
This paper sets out a framework in which a central bank under an inflation-targeting regime operates, and justifies why the interest rate hikes were necessary given the present framework of the South African Reserve ...
