Volatility of the Real Exchange Rate of the Rand: 1990-2004
This paper forms part of the Human Sciences Research Council’s project on exchange rates and employment (MACRO006), which seeks to understand the impact of exchange rate fluctuations on employment in South Africa. It serves as a preliminary, qualitative study of the volatility of the rand. Hodge starts by explaining the nature of the foreign exchange…
read more >>The Effect of Exchange Rate Volatility on Trade and Employment: A Brief Review of the Literature
This paper forms part of the Human Sciences Research Council’s project on exchange rates and employment (MACRO006), which seeks to understand the impact of exchange rate fluctuations on employment in South Africa. The explanation of the factors determining the volatility of exchange rates is interesting, but from the policy perspective of this project, not an…
read more >>Mineral Prices and the Exchange Rate: What Does the Literature Say?
This paper forms part of the Human Sciences Research Council’s project on exchange rates and employment (MACRO006), which seeks to understand the impact of exchange rate fluctuations on employment in South Africa. It reviews the literature on the relationship between commodity prices and the exchange rate, and its implications for labour-intensive export manufacturing. It focuses…
read more >>Exchange Rate and Employment Project: Overview
Ngandu summarises the Human Sciences Research Council’s project on the relationship between the exchange rate and employment outcomes, and its possible policy implications. While there appears to be consensus that the currency is too volatile, little attention has been paid to what an employment-inducing exchange rate would be. The suite of papers in the exchange…
read more >>Exchange Rate and Employment: The Experience of Fast-Growing Economies
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. Ngandu examines the exchange rate policies of countries that achieved rapid, labour-absorbing growth. While exchange rates are only one instrument in an employment and…
read more >>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…
read more >>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…
read more >>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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