oa South African Journal of Economic and Management Sciences - An empirical capital market rate function for South Africa

Volume 4, Issue 1
  • ISSN : 1015-8812
  • E-ISSN: 2222-3436



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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