currency

When Might an Exchange Rate Depreciation Be Growth Inducing or Contractionary?

This paper forms part of an Human Sciences Research Council project on exchange rates and employment, which seeks to understand the impact of exchange rate fluctuations on employment in South Africa. The South African government has the aim of accelerating the rate of economic growth and sustaining it at higher levels. It also aims to…

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The Impact of Exchange Rate Movements on Employment: The Economy-Wide Effect of a Rand Appreciation

The volatility of the exchange rate is a particular concern for South Africa, since the country must dramatically expand sustainable employment while also raising value added in production. These objectives are not necessarily complementary in a minerals-exporting economy. This paper, part of an Human Sciences Research Council project on the relationship between exchange rates and…

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Exchange Rate Movements

This paper forms part of an Human Sciences Research Council project on exchange rates and employment, which seeks to understand the impact of exchange rate fluctuations on employment in South Africa. Exchange rate movements have a strong influence on a country’s level of economic activity. Exchange rate volatility introduces an element of risk and hence…

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