Matches in SemOpenAlex for { <https://semopenalex.org/work/W3148077042> ?p ?o ?g. }
Showing items 1 to 85 of
85
with 100 items per page.
- W3148077042 abstract "South Africas economy has a very well-developed financial sector and high reliance on capital flows. We employ a micro-founded and stock- and flow-consistent model in the tradition of Backus et al. (1980) to study the impact of capital flow reversal shocks on the South African economy. The model provides for a richer representation of institutional balance sheets than existing models do. The financial sectors behaviour in the model draws on the recent theoretical frameworks of Borio and Zhu (2012) and Woodford (2010), which highlight the relationship between bank capital, the risk-taking behaviour of the financial sector, lending spreads and economic activity. We specify a dynamic adjustment model of household expectations with properties that differ from the way in which expectations are formed in both stock- and flow-consistent as well as dynamic stochastic general equilibrium (DSGE) models. Household expectations resemble bounded rationality. The financial accelerator mechanism operates through the balance sheets of all institutions in the economy. The results indicate larger impacts compared to previous studies. We find that, even in the absence of large foreign currency-denominated liabilities, a reversal in capital flows can affect the domestic economy through its impact on domestic liquidity, on the risk-taking behaviour of the financial sector, and on the demand for assets. The negative effect can be exacerbated if the shock changes the expectation formation process of agents." @default.
- W3148077042 created "2021-04-13" @default.
- W3148077042 creator A5017068100 @default.
- W3148077042 creator A5052636352 @default.
- W3148077042 creator A5074734552 @default.
- W3148077042 date "2019-01-01" @default.
- W3148077042 modified "2023-09-27" @default.
- W3148077042 title "The impact of capital flow reversal shocks in South Africa a stock and flowconsistent analysis" @default.
- W3148077042 hasPublicationYear "2019" @default.
- W3148077042 type Work @default.
- W3148077042 sameAs 3148077042 @default.
- W3148077042 citedByCount "0" @default.
- W3148077042 crossrefType "posted-content" @default.
- W3148077042 hasAuthorship W3148077042A5017068100 @default.
- W3148077042 hasAuthorship W3148077042A5052636352 @default.
- W3148077042 hasAuthorship W3148077042A5074734552 @default.
- W3148077042 hasConcept C10138342 @default.
- W3148077042 hasConcept C126285488 @default.
- W3148077042 hasConcept C126322002 @default.
- W3148077042 hasConcept C136264566 @default.
- W3148077042 hasConcept C139719470 @default.
- W3148077042 hasConcept C162324750 @default.
- W3148077042 hasConcept C166957645 @default.
- W3148077042 hasConcept C183206440 @default.
- W3148077042 hasConcept C183582576 @default.
- W3148077042 hasConcept C2777657794 @default.
- W3148077042 hasConcept C2778055162 @default.
- W3148077042 hasConcept C2781300812 @default.
- W3148077042 hasConcept C29122968 @default.
- W3148077042 hasConcept C2991741723 @default.
- W3148077042 hasConcept C34447519 @default.
- W3148077042 hasConcept C489367 @default.
- W3148077042 hasConcept C556758197 @default.
- W3148077042 hasConcept C58823610 @default.
- W3148077042 hasConcept C71924100 @default.
- W3148077042 hasConcept C83646750 @default.
- W3148077042 hasConcept C95457728 @default.
- W3148077042 hasConceptScore W3148077042C10138342 @default.
- W3148077042 hasConceptScore W3148077042C126285488 @default.
- W3148077042 hasConceptScore W3148077042C126322002 @default.
- W3148077042 hasConceptScore W3148077042C136264566 @default.
- W3148077042 hasConceptScore W3148077042C139719470 @default.
- W3148077042 hasConceptScore W3148077042C162324750 @default.
- W3148077042 hasConceptScore W3148077042C166957645 @default.
- W3148077042 hasConceptScore W3148077042C183206440 @default.
- W3148077042 hasConceptScore W3148077042C183582576 @default.
- W3148077042 hasConceptScore W3148077042C2777657794 @default.
- W3148077042 hasConceptScore W3148077042C2778055162 @default.
- W3148077042 hasConceptScore W3148077042C2781300812 @default.
- W3148077042 hasConceptScore W3148077042C29122968 @default.
- W3148077042 hasConceptScore W3148077042C2991741723 @default.
- W3148077042 hasConceptScore W3148077042C34447519 @default.
- W3148077042 hasConceptScore W3148077042C489367 @default.
- W3148077042 hasConceptScore W3148077042C556758197 @default.
- W3148077042 hasConceptScore W3148077042C58823610 @default.
- W3148077042 hasConceptScore W3148077042C71924100 @default.
- W3148077042 hasConceptScore W3148077042C83646750 @default.
- W3148077042 hasConceptScore W3148077042C95457728 @default.
- W3148077042 hasLocation W31480770421 @default.
- W3148077042 hasOpenAccess W3148077042 @default.
- W3148077042 hasPrimaryLocation W31480770421 @default.
- W3148077042 hasRelatedWork W1511554144 @default.
- W3148077042 hasRelatedWork W1520138828 @default.
- W3148077042 hasRelatedWork W1787115046 @default.
- W3148077042 hasRelatedWork W2083771117 @default.
- W3148077042 hasRelatedWork W2137355857 @default.
- W3148077042 hasRelatedWork W2156359121 @default.
- W3148077042 hasRelatedWork W2263199830 @default.
- W3148077042 hasRelatedWork W2499682603 @default.
- W3148077042 hasRelatedWork W2557611295 @default.
- W3148077042 hasRelatedWork W2900182229 @default.
- W3148077042 hasRelatedWork W2972617671 @default.
- W3148077042 hasRelatedWork W2990236080 @default.
- W3148077042 hasRelatedWork W3026306960 @default.
- W3148077042 hasRelatedWork W3123386997 @default.
- W3148077042 hasRelatedWork W3124482770 @default.
- W3148077042 hasRelatedWork W3125658092 @default.
- W3148077042 hasRelatedWork W3132182705 @default.
- W3148077042 hasRelatedWork W3135536707 @default.
- W3148077042 hasRelatedWork W3170876338 @default.
- W3148077042 hasRelatedWork W76472273 @default.
- W3148077042 isParatext "false" @default.
- W3148077042 isRetracted "false" @default.
- W3148077042 magId "3148077042" @default.
- W3148077042 workType "article" @default.