oa South African Journal of Economic and Management Sciences - An empirical capital market rate function for South Africa
|Article Title||An empirical capital market rate function for South Africa|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Affiliations||1 Department of Economics, University of Pretoria|
|Publication Date||Mar 2001|
|Pages||66 - 89|
|Keyword(s)||Capital markets, Domestic markets, Economics, Finance, G 12, Interest rates, International markets, JEL, Long-term interest rates, Monetary policies, Primary capital market, Secondary capital market, Socio-political environment and South Africa|
ISI Social Science
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.
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