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Bank credit extension and real economic activity in South Africa : the impact of capital flow dynamics, bank regulation and selected macro-prudential tools / Nombulelo Gumata, Eliphas Ndou.

This 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-dep...

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Bibliographic Details
Online Access: Full Text (via Springer)
Main Authors: Gumata, Nombulelo (Author), Ndou, Eliphas (Author)
Format: eBook
Language:English
Published: Cham, Switzerland : Palgrave Macmillan, [2017]
Subjects:
Bank loans > South Africa.
Banks and banking > South Africa.
Credit > South Africa.
South Africa > Economic policy.
Bank loans.
Banks and banking.
Credit.
Economic policy.
South Africa.
Table of Contents:
  • Chapter 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.

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