Which Policies Can Reduce the Cost of Capital in Southern Africa ?:

. Lowering interest rates and, thus, the cost of borrowing in the rand zone (Lesotho, Namibia, Swaziland and South Africa) is a priority to promote investment and economic growth. . Local-currency interest rates in these countries are driven by those on rand-denominated transactions. Reducing the le...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
1. Verfasser: Grandes, Martin (VerfasserIn)
Weitere Verfasser: Pinaud, Nicolas (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2004
Schriftenreihe:OECD Development Centre Policy Briefs no.25
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:. Lowering interest rates and, thus, the cost of borrowing in the rand zone (Lesotho, Namibia, Swaziland and South Africa) is a priority to promote investment and economic growth. . Local-currency interest rates in these countries are driven by those on rand-denominated transactions. Reducing the level and volatility of the rand premium would help reduce ?nancing costs in the region. . Policies should promote: enhancing ?nancial-market liquidity; easier access to South African ?nancial markets for African entities; domestic saving capacity; and the improvement of international perception of the rand. . Johannesburg could become a ?nancial "hub" for the region, channelling cheap resources to its neighbours.
Beschreibung:1 Online-Ressource (28 p.) 21 x 29.7cm.
DOI:10.1787/566107725234

Es ist kein Print-Exemplar vorhanden.

Volltext öffnen