The social dimensions of monetary, currency, and credit policy in Namibia

  • 34 Pages
  • 0.89 MB
  • English
Namibian Economic Policy Research Unit , Ausspannplatz, Windhoek, Namibia
Monetary policy -- Namibia, Foreign exchange -- Government policy -- Namibia, Credit -- Government policy -- Na



StatementRobin Sherbourne.
SeriesNEPRU working paper ;, no. 37
ContributionsFriedrich-Ebert-Stiftung., Conference on the "Social Dimensions of the Market Economy" (1993 : Lusaka, Zambia)
LC ClassificationsHC940.A1 N46 no. 37
The Physical Object
Pagination34 p. :
ID Numbers
Open LibraryOL1267904M
LC Control Number94981451

Sets the monetary policy, increased short-term rates on 6 December In South Africa the case for the latest interest rate hike was sealed: CPIX-inflation breached the target range of per cent. This paper investigates the presence and significance of the credit channel of the monetary policy transmission in Namibia over the period Q1 – Q4.

But rather than advancing yet another critique of the state-based monetary system, The Social Life of Money draws out the utopian aspects of money and the ways in which its transformation could in turn transform society, politics, and economics.

The book also identifies the contributions of thinkers who have not previously been thought of as monetary theorists―including Nietzsche, Benjamin, Bataille, Cited by: 3(a) of the Bank of Namibia Act, (No 15 ofas amended) the Bank of Namibia has an objective “to promote and maintain a sound monetary, credit and financial system in Namibia and sustain the liquidity, solvency and functioning of that system”.

Monetary Policy. Monetary policy: Is the process by which the government, central bank, or monetary authority of a country controls (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest, in order to attain a set of objectives oriented towards the growth and stability of.

The Bank of Namibia’s monetary policy is undertaken with a view to keeping prices (consumer and interest rates) in line with South African rates. This strategy is driven by the desire to achieve and maintain stable and low levels of prices (inflation). Added to this fact over 80 per cent of Namibia’s imports are sourced from South Africa.

economic management. One can describe monetary policy as the action by the central bank to influence short-term interest rates, money supply and credit extension to achieve certain objectives. In many countries, including Namibia, the objective of monetary policy is price stability.

Namibian Central Bank: Bank of Namibia; Namibia GDP (nominal): $ billion; History. The South African rand was the official currency of Namibia from until The country was part of the Common Monetary Area from to (making the rand the de facto currency) until the Namibian dollar was introduced.

the current arrangement and its implications for monetary policy in Namibia. The CMA arrangement As you all know, Namibia is a member of the Common Monetary Area (CMA).

Within a monetary area, exchange rates between the participating countries are fixed and there are no payment restrictions. The outlook for the Namibian economy remained subdued despite a strong performance in the third quarter ofIpumbu Shiimi, the governor of the Bank of Namibia, said in a monetary policy statement published Wednesday.

objective of the Bank of Namibia, as a monetary authority, is to ensure price stability, while at the same time maintaining a sound economic growth (Bank of Namibia ). Bank rate policy as a monetary tool, has been on the forefront of the Bank of Namibia‘s policy intervention to influence money supply and demand in the Size: KB.

greater proportions which somehow affected currency notes with a total value of about Rs 15 trillion (approximately 86 percent of all cash in circulation). The currency shortage corresponds to a substantial tightening of monetary conditions in the initial weeks of the initiative, which eases as currency is replaced.

Consequently, the. The Namibian dollar (symbol: N$; code: NAD; has been the currency of Namibia since It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. It is divided into cents. Monetary policy strategy in Namibia: objective and instruments Monetary policy can be broadly described as the action of the central bank to influence short-term interest rates and the supply of money and credit to achieve certain objectives.

This is often referred to as discretionary monetary policy, i.e. monetary policy undertaken at the. 2 HISTORY OF MONETARY POLICY IN SOUTH AFRICA The Phases of Monetary Policy since the Second World War 3 MONETARY POLICY IN THE "NEW" SOUTH AFRICA SINCE Independence of the South African Reserve Bank A different philosophy in the new South Africa 4 OPERA'TI0N OF THE SOUTH AFRICAN MONETARY SYSTEM Policy Objectives and Instruments.

Namibia also is a member of the International Monetary Fund and the World Bank, and has acceded to the European Union's Lomé Convention. Regional integration [ edit ] Given its small domestic market but favourable location and a superb transport and communications base, Namibia is a leading advocate of regional economic cy: Namibian dollar (NAD), South African rand (ZAR).

The Social Meaning of Money: Pin Money, Paychecks, Poor Relief, and Other Currencies - (Original Edition) [Zelizer, Viviana A.] on *FREE* shipping on qualifying offers. The Social Meaning of Money: Pin Money, Paychecks, Poor Relief, and Other Currencies - (Original Edition)Cited by:   Monetary policy consists of the actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of.

THE RELATIONSHIP BETWEEN MONETARY POLICY AND INVESTMENT IN SOUTH AFRICA by Bank Credit Structures Monetary Policy Context Concluding remarks foundation of some of the issues in the Banking and Currency School controversies, and the contributions by various economists over the course of.

The NAD (Namibian dollar) is the national currency of Namibia. It was introduced in Sept. replacing the South African rand (ZAR), which had been in use since Author: Jason Fernando.

Size of financial market and credibility of central banks divide monetary targeting economies into three types.

Description The social dimensions of monetary, currency, and credit policy in Namibia PDF

Currency peg - other, % Monetary Aggregate, % Inflation Targeting, % Other, than monetary policy autonomy in reducing inflation, and financial integration also contributes to.

Social credit (not to be confused with the Chinese Social Credit rating system) is an interdisciplinary and distributive philosophy developed by C. Douglas (–), a British engineer who published a book by that name in It encompasses economics, political science, history, and policies are designed, according to Douglas, to disperse economic and political power.

It’s hard to imagine this today, but its economy was 1/8th the size of India’s. But thanks to a ‘Glorious Revolution’ that led to Dutch prince William being crowned king of England, the country soon enough imported Dutch monetary policy; policy that included money defined by gold.

The rest, as they say, is : John Tamny. The Monetary Policy Review (MPR) is published twice a year and is aimed at broadening public understanding of the objectives and conduct of monetary policy.

The MPR covers domestic and international developments that impact on the monetary policy stance. It is fundamentally a forward-looking document which focuses on the outlook for the South.

of short-term interest rates to retail lending rates charged on new loans. These two dimensions inform how credit aggregates change, both in terms of quantity and price, in response to mon-etary policy.

Third, we look beyond credit aggregates and test for transmission of changes in the monetary policy to the real economy.

that if a country has a good monetary policy, a fixed exchange rate system could ensure equilibrium in the BoP without recourse to devaluation, thus a devaluation will only occur because of the failure of monetary policy (Umer, et al., ).

Du Plessis et al., () contends that this is due to the fact that that disequilibrium in the balance ofFile Size: KB. Monetary policy being a major economic stabilization weapon involves measures taken by the Central Bank to regulate and control the volume, cost, availability and direction of money and credit in an economy to achieve some specified macroeconomic policy objectives and to counterFile Size: KB.

The Bank of Namibia was established in to replace the never opened Namibia Reserve Bank. The Bank of Namibia is the only institution that is permitted to issue the Namibian dollar by authority that has been given to it under an Act of the Namibian Parliament.

Details The social dimensions of monetary, currency, and credit policy in Namibia EPUB

The head of the Bank of Namibia is the Governor of the Bank of Namibia. Tom Alweendo has been Governor since   Chapter 2: Money, Credit, Debt and Economic Activity Published on Ap Ap • 5, Likes • Comments. The size of monetary base is determined by: A) the Federal Reserve.

B) the Federal Reserve and banks. C) preferences of households about the form of money they wish to hold. D) business policies of banks and the laws regulating banks. This book is a milestone on economics, a high intellectual debate on monetary theories and business cycles.

The currency school vs banking school debate is the cornerstone of Mises theory in which He expound banks expansion of credit through the discount of bills and not merely by government inflation, He develops a new non mathematical treatment of economics based on Franz Cuhel theory, and 10/10(1).Reserve Bank, the ultimate guarantor of the one-to-one currency peg.

At present, Namibia has approximately N$20 billion worth of foreign reserves, more than four times the amount required to protect the currency peg. However, not all reserves are created equal.

Approximately half of Namibia’s reserves have direct liabilities associated with them.Search Full Text. Search Title Only.

Download The social dimensions of monetary, currency, and credit policy in Namibia FB2

Sort results by relevancy. Sort results by date. Page: [currentpage] of [maxpages] The search for [term] found [count] documents. Octo World Economic Outlook Database October The World Economic Outlook (WEO) database contains selected macroeconomic data series from the statistical appendix.