South African money market volatility, asymmetry and retail interest pass-through
The purpose of this paper is to examine the interest rate transmission mechanism for South Africa as an emerging economy in a pre-repo and repo system. It explains how the money market rate is transmitted to the retail interest rates both in the long-run and short-run and tests the symmetric and asy...
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| Format: | Others |
| Language: | English |
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Rhodes University
2011
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| Online Access: | http://hdl.handle.net/10962/d1002728 |