The impact of Namibia’s currency peg on its domestic inflation

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dc.contributor.advisorLoots, Lieb
dc.contributor.authorSheefeni, Johannes Peyavali Sheefeni
dc.date.accessioned2014-06-25T11:47:27Z
dc.date.accessioned2024-11-07T11:01:03Z
dc.date.available2014-06-25T11:47:27Z
dc.date.available2024-11-07T11:01:03Z
dc.date.issued2009
dc.descriptionMagister Economicae - MEconen_US
dc.description.abstractThis study analyses the impact of Namibia’s currency peg on its domestic inflation. This is because theoretical argument suggests that currency peg (fixed exchange rate) provides nominal anchor for domestic price level, in particular when the domestic currency is pegged to a stable foreign currency. Following the method of hypothesis testing, data on Namibia and South Africa are used in this regard. Three main findings emerged from this study. Firstly, it was shown that the two inflation rates are positively correlated.Secondly, the study shows that there is no statistical significance difference between the inflation rates of the two countries. This gives an indication that the currency peg served as a nominal anchor, because as the SA inflation rate came down, so did the Namibian inflation rate. Thirdly, the study also shows that the growth of money stock in Namibia does not deviate from the growth of money stock in SA. This gives an indication that the authorities have maintained the peg through control of monetary growth.en_US
dc.identifier.urihttps://hdl.handle.net/10566/19477
dc.language.isoenen_US
dc.subjectExchange rateen_US
dc.subjectCurrency pegen_US
dc.subjectInflationen_US
dc.subjectNominal anchoren_US
dc.subjectCurrency depreciationen_US
dc.subjectSouth African randen_US
dc.subjectNamibia dollaren_US
dc.subjectNamibiaen_US
dc.subjectMonetary policyen_US
dc.subjectReserve currencyen_US
dc.titleThe impact of Namibia’s currency peg on its domestic inflationen_US
dc.typeThesisen_US

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