New Unity Movement Bulletin
- Date: 2011-03
- Subjects: Government, Resistance to -- South Africa , South Africa -- History -- 20th century , South Africa -- Politics and government
- Language: English
- Type: text , article
- Identifier: http://hdl.handle.net/10948/31929 , vital:31863 , Bulk File 7
- Description: The Bulletin was the official newsletter of the New Unity Movement. It was published about twice a year and contained articles reflecting the organisation's views on resistance to the Apartheid government.
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- Date Issued: 2011-03
The role and contribution of the South African money market towards financial development
- Authors: Gwenhure, Yvonne
- Date: 2011-03
- Subjects: Money market -- South Africa , Finance -- South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/24139 , vital:62385
- Description: The Money Market has sparked a lot of interest amongst many researchers over the years of evolving financial markets, with particular reference to its impact on Financial Development. It has been viewed as an important stimulus for financial development and ultimately economic growth in developing countries. Therefore this thesis attempts to establish the impact that the money market has on Financial Development in South Africa. The main objective of this thesis is to comparatively examine the impact of the money market on financial development within the banking sector and financial markets sector. Money Markets that function in an era of liberalized interest rates are perceived to have a greater impact on Financial Development than those whose interest rates are repressed. Therefore, the underpinning theoretical literature in this study is the McKinnon-Shaw theory of Financial Liberalization. The study disaggregates measures of financial depth into indicators covering both the banking sector and financial markets sector. A single equation model is used for both the banking and financial markets sectors were the dependant variable for the banking sector model (LRPG) as well as that of the financial markets model (LSBG) are modeled as functions of the money market, real deposit rate, real income and inflation. Stationarity as well as cointegration tests have been employed in the generation of the Error Correction Model. Results obtained confirm that the money market does have a positive impact on financial development and also that factors such as financial liberalization and real income enhance financial development. For policy recommendations, it is therefore imperative to prioritize money market policies in order to enhance financial development in the country. , Thesis (MCom) -- Faculty of Management and Commerce, 2021
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- Date Issued: 2011-03