Bank Credit Extension and Real Economic Activity in South Africa

1. Introduction
Nombulelo Gumata, Eliphas Ndou

Part I. Global Liquidity, Capital Flows, Asset Prices and Credit Dynamics in South Africa

2. The Inverse Transmission of Positive Global Liquidity Shocks into the South African Economy
Nombulelo Gumata, Eliphas Ndou

3. The Impact of Capital Flows on Credit Extension: The Counterfactual Approach
Nombulelo Gumata, Eliphas Ndou

4. Capital Flow Episodes Shocks, Global Investor Risk and Credit Growth
Nombulelo Gumata, Eliphas Ndou

5. Bank, Non-bank Capital Flows and Household Sector Credit Reallocation
Nombulelo Gumata, Eliphas Ndou

6. Capital Flows and the Reallocation of Credit from Companies
Nombulelo Gumata, Eliphas Ndou

7. Stock Price Returns, Volatility and Costly Asset Price Boom–Bust Episodes
Nombulelo Gumata, Eliphas Ndou

8. The Interaction Between Credit Conditions, Monetary Policy and Economic Activity
Nombulelo Gumata, Eliphas Ndou

9. Credit Conditions and the Amplification of Exchange Rate Depreciation and Other Unexpected Macroeconomic Shocks
Nombulelo Gumata, Eliphas Ndou

Part II. Credit Supply Dynamics and the Economy

10. The Lending-Deposit Rate Spread and the Bank Pricing Behavior
Nombulelo Gumata, Eliphas Ndou

11. Adverse Credit Supply Shocks and Weak Economic Growth
Nombulelo Gumata, Eliphas Ndou

12. Credit Supply Shocks and Real Economic Activity
Nombulelo Gumata, Eliphas Ndou

13. Credit Growth Threshold and the Nonlinear Transmission of Credit Shocks
Nombulelo Gumata, Eliphas Ndou

14. Credit Regimes and Balance Sheet Effects
Nombulelo Gumata, Eliphas Ndou

Part III. Financial Regulatory Uncertainty and Bank Risk Taking

15. The Banking Risk-Taking Channel of Monetary Policy in South Africa
Nombulelo Gumata, Eliphas Ndou

16. Financial Regulation Policy Uncertainty and the Sluggish Recovery in Credit Growth
Nombulelo Gumata, Eliphas Ndou

Part IV. Macro-Prudential Tools and Monetary Policy

17. Excess Capital Adequacy and Liquid Asset Holdings and Credit
Nombulelo Gumata, Eliphas Ndou

18. Credit Loss Provisions as a Macro-prudential Tool
Nombulelo Gumata, Eliphas Ndou

19. The National Credit Act, Monetary Policy and Credit Growth
Nombulelo Gumata, Eliphas Ndou

20. Loan-to-Value Ratios, Contractionary Monetary Policy and Inflation Expectations
Nombulelo Gumata, Eliphas Ndou

21. Repayment-to-Income and Loan-to-Value Ratios Shocks on the Housing Market
Nombulelo Gumata, Eliphas Ndou

Keywords: Finance, Banking, Macroeconomics/Monetary Economics//Financial Economics, International Economics