This paper reviews the design and performance of monetary policy in South Africa (SA) during 1994-2004. Quantitative indexes of transparency reveal a strong rise in the transparency and accountability of monetary policy between 1994 and 2004. Inflation and interest rate expectations data and forward interest rate data are used to demonstrate the increased credibility and reasonable predictabili...

This paper develops a structural, dynamic model of a banking firm to analyse how banks adjust their loan portfolios over time. In the model, banks experience capital shocks, face uncertain future loan demand, and incur costs based on their proximity to regulatory minimum capital requirements. Non-linear relationships between bank capital levels and lending are derived from the model, and key pa...

BIS Working Papers are written by members of the Monetary and Economic Department of the Bank for International Settlements, and from time to time by other economists, and are published by the Bank. The views expressed in them are those of their authors and not necessarily the views of the BIS. Abstract Motivated by the frequently observed link between commercial property price volatility and b...

This paper assesses the impact of exchange information on foreign-owned bank deposits in international financial centres (IFCs). IFC declined globally by 24% or USD 410 billion during 2008 to 2019. The commencement automatic is associated average with a 22% reduction held non-IFC jurisdictions. Increasing multilateral expansion request seems diminish marginal gains new bilateral treaties. juris...

The Michigan State University (MSU) International Development Paper series is designed to further the comparative analysis of international development activities in Africa, Latin America, Asia, and the Near East. The papers report research findings on historical, as well as contemporary, international development problems. The series includes papers on a wide range of topics, such as alternati...

A lthough it sounds disastrous, making a $100,000 mistake seems relatively minor when stockbrokers have lost millions by hitting the wrong key. The following case proved to be different, however. An ordinary bank customer, Grete Fossbakk, used Internet banking to transfer a large amount to her daughter. She keyed one digit too many into the account number field, however, inadvertently sending t...