An empirical capital market rate function for South Africa
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Date
Authors
Pretorius, Elna
Du Toit, Charlotte Barbara
Journal Title
Journal ISSN
Volume Title
Publisher
Faculty of Economic and Management Sciences, University of Pretoria
Abstract
The aim of this paper is to explain the determinants of the South African long-term interest rate. A market-related approach is followed which explains interest rate determination on the basis of the relationships between the capital market and other domestic and international markets. Some implications for monetary policy are derived.
Description
Keywords
South Africa, Socio-political environment, Domestic markets, Capital markets, Secondary capital market, Primary capital market, Long-term interest rates, International markets, Interest rates, Finance, Economics
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Citation
Pretorius, E & Du Toit, C 2001, 'An empirical capital market rate function for South Africa', South African Journal of Economic and Management Sciences, vol. 4, no. 1, pp. 66-89. [http://www.journals.co.za/ej/ejour_ecoman.html]