Advanced search options

Advanced Search Options 🞨

Browse by author name (“Author name starts with…”).

Find ETDs with:

in
/  
in
/  
in
/  
in

Written in Published in Earliest date Latest date

Sorted by

Results per page:

Sorted by: relevance · author · university · dateNew search

You searched for +publisher:"Rhodes University" +contributor:("Stuart, Rob"). Showing records 1 – 2 of 2 total matches.

Search Limiters

Last 2 Years | English Only

No search limiters apply to these results.

▼ Search Limiters


Rhodes University

1. Mokoena, Motshidisi Suzan. The feasibility of forming a monetary union in SADC : meeting convergence and optimum currency area criteria and evaluating fiscal sustainability.

Degree: M.Com., Faculty of Commerce, Economics and Economic History, 2013, Rhodes University

In conformity with the goal of the African Union to build a monetary union for the entire African continent, one of the goals of the Southern African Development Community (SADC) is the formation of a monetary union with a single central bank. Towards this end certain macroeconomic convergence criteria, which are closely aligned with those used by the European Union (EU), have been set. While empirical research on whether or not SADC would benefit from the formation of a currency union has focused on the optimum currency area criteria, no reference to these criteria is made in the SADC programme. Instead, the SADC approach has been governed by a set of macroeconomic convergence criteria synonymous with those pursued by the European Monetary Union (EMU) prior to its formation. Doubts regarding the future of the EU have recently been raised as a result of debt crises in certain member states, implicitly raising questions about the adequacy of the convergence criteria that were adopted. Accordingly, this study considers the feasibility of establishing a currency union in the SADC region. The proposed convergence criteria are assessed against the theory of optimum currency areas as well as in terms of their adequacy in the light of recent EU experience. In addition, the paper provides a preliminary assessment of the fiscal sustainability of the SADC region by conducting Engle-Granger cointegration tests on the public debt and revenue series for the SADC countries under analysis. It was observed that SADC has made considerable progress towards meeting its macroeconomic convergence criteria in recent years. However, in light of the regions' heavy dependence on commodity exports coupled with recent price fluctuations in this regard, the sustainability of this progress is questioned. Furthermore, a review of the EMU experience to date highlights numerous flaws in its approach and the potential challenges the SADC region should consider in moving forward with its agenda. In essence, the study suggests that almost all the SADC member states are fiscally unprepared for monetary union formation and the recent EMU debt crisis has highlighted the importance of acquiring a state of fiscal sustainability prior to union formation. In addition, it is imperative that the SADC members continue to address issues of product diversification, intraregional trade and political unification, all of which should be governed by a centralised fiscal authoriry. Advisors/Committee Members: Stuart, Rob.

Subjects/Keywords: Southern African Development Community; Economic and Monetary Union; Common Monetary Area (Organization); Economic policy  – Africa, Southern; Monetary policy  – Africa, Southern; Monetary unions

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Mokoena, M. S. (2013). The feasibility of forming a monetary union in SADC : meeting convergence and optimum currency area criteria and evaluating fiscal sustainability. (Masters Thesis). Rhodes University. Retrieved from http://hdl.handle.net/10962/d1007743

Chicago Manual of Style (16th Edition):

Mokoena, Motshidisi Suzan. “The feasibility of forming a monetary union in SADC : meeting convergence and optimum currency area criteria and evaluating fiscal sustainability.” 2013. Masters Thesis, Rhodes University. Accessed December 05, 2019. http://hdl.handle.net/10962/d1007743.

MLA Handbook (7th Edition):

Mokoena, Motshidisi Suzan. “The feasibility of forming a monetary union in SADC : meeting convergence and optimum currency area criteria and evaluating fiscal sustainability.” 2013. Web. 05 Dec 2019.

Vancouver:

Mokoena MS. The feasibility of forming a monetary union in SADC : meeting convergence and optimum currency area criteria and evaluating fiscal sustainability. [Internet] [Masters thesis]. Rhodes University; 2013. [cited 2019 Dec 05]. Available from: http://hdl.handle.net/10962/d1007743.

Council of Science Editors:

Mokoena MS. The feasibility of forming a monetary union in SADC : meeting convergence and optimum currency area criteria and evaluating fiscal sustainability. [Masters Thesis]. Rhodes University; 2013. Available from: http://hdl.handle.net/10962/d1007743


Rhodes University

2. Koekemoer, Jonathan. Government debt levels and the systemic risks associated with post-crisis fiscal policies.

Degree: M.Com., Faculty of Commerce, Economics, 2013, Rhodes University

The study analyses the concepts of intergenerational equity and fiscal sustainability in South Africa. The question raised is whether or not South Africa can adopt stimulatory fiscal measures, with a simultaneous increase in debt, so as to improve long-term growth potential in a sustainable manner without creating an excessive burden on future generations. The debate surrounding the use of stimulatory fiscal policy has come to the fore once again as monetary policy has become a restricted and ineffective macroeconomic policy tool in certain countries after the world-wide financial crisis and the Euro-debt crisis. Fiscal sustainability risks and high debt levels remain a source of concern in the United States and the Euro-zone, while South Africa presently seems to be at no great risk. With South Africa’s intention to become a developmental state, the use and appropriateness of fiscal policy is considered. An overlapping-generations model is used to determine whether or not future generations will be burdened due to current stimulatory policy. The use of fiscal rules in South Africa is discussed and considered in light of various political incentives and constraints. The conclusion given is that the possible use of a procedural fiscal rule, such as the ‘golden rule’, may add credibility to the current regime, while a numerical fiscal rule is seen as unnecessary given South Africa’s responsible use of fiscal policy thus far. As it stands, there is little possibility or risk that the public debt in South Africa will become too high in the near future. Although South Africa has been affected by the crisis, the developmental nature of the economy has been sustained through the use of responsible discretionary fiscal policy, putting South Africa in a positive position to meet its long-run growth potential. Advisors/Committee Members: Stuart, Rob.

Subjects/Keywords: Finance, Public; Debts, Public – South Africa; Fiscal policy; Monetary policy – South Africa

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Koekemoer, J. (2013). Government debt levels and the systemic risks associated with post-crisis fiscal policies. (Masters Thesis). Rhodes University. Retrieved from http://hdl.handle.net/10962/d1004168

Chicago Manual of Style (16th Edition):

Koekemoer, Jonathan. “Government debt levels and the systemic risks associated with post-crisis fiscal policies.” 2013. Masters Thesis, Rhodes University. Accessed December 05, 2019. http://hdl.handle.net/10962/d1004168.

MLA Handbook (7th Edition):

Koekemoer, Jonathan. “Government debt levels and the systemic risks associated with post-crisis fiscal policies.” 2013. Web. 05 Dec 2019.

Vancouver:

Koekemoer J. Government debt levels and the systemic risks associated with post-crisis fiscal policies. [Internet] [Masters thesis]. Rhodes University; 2013. [cited 2019 Dec 05]. Available from: http://hdl.handle.net/10962/d1004168.

Council of Science Editors:

Koekemoer J. Government debt levels and the systemic risks associated with post-crisis fiscal policies. [Masters Thesis]. Rhodes University; 2013. Available from: http://hdl.handle.net/10962/d1004168

.