Previous page | New search |
The free AfricaBib App for Android is available here
Periodical article | Leiden University catalogue | WorldCat |
Title: | Capital Flows, Capital Control Regulations and Foreign Exchange Policies in South Africa |
Author: | Farrell, G.N. |
Year: | 2006 |
Periodical: | South African Journal of Economic History |
Volume: | 21 |
Issue: | 1-2 |
Period: | September |
Pages: | 84-123 |
Language: | English |
Geographic term: | South Africa |
Subjects: | monetary policy capital movements exchange rates economic history 1950-1999 History and Exploration Economics and Trade Law, Human Rights and Violence international relations Politics and Government |
External link: | https://doi.org/10.1080/10113430609511193 |
Abstract: | This paper reviews the South African experience regarding capital flows, capital control regulations and exchange rate arrangements. The discussion focuses on capital controls, defined as restrictions which affect capital account transactions (usually portfolio investments), rather than the broader set of transactions (including current account transactions) affected by exchange controls. The paper discusses the evolution of the system of exchange controls prior to 1983; considers the 1985 debt crisis and the reimposition of controls; and discusses developments in the post-1994 period. It concludes by looking at the policy challenges currently facing South African policymakers. Notes, ref. [ASC Leiden abstract] |