South Africa

Melvin Ayogu and Hashem Dezhbakhsh

Chapter 12 in Macroeconomic Volatility, Institutions and Financial Architectures, 2008, pp 316-346 from Palgrave Macmillan

Abstract: Abstract Case studies can offer a new body of evidence on the exogenous sources of volatility in developing countries and, hence, allow us to examine several competing hypotheses about volatility and institutions. The premise is that volatility stresses institutions but that strong institutions can mitigate shocks. However, when institutions are weak they can amplify or induce volatility that renders institutions even less capable of mitigating shocks. Therefore, volatility and institutions plausibly embody bidirectional causality.

Keywords: Government Expenditure; Capital Control; Volatility Measure; Money Market Rate; World Consumption (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59018-2_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230590182

DOI: 10.1057/9780230590182_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().