Original Research

An empirical capital market rate function for South Africa

Elna Pretorius, Charlotte du Toit
South African Journal of Economic and Management Sciences | Vol 4, No 1 | a2630 | DOI: https://doi.org/10.4102/sajems.v4i1.2630 | © 2018 Elna Pretorius, Charlotte du Toit | This work is licensed under CC Attribution 4.0
Submitted: 06 July 2018 | Published: 31 March 2001

About the author(s)

Elna Pretorius, Department of Economics. University of Pretoria, South Africa
Charlotte du Toit, Department of Economics, University of Pretoria, South Africa

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The aim of this paper is to explain the determinants of the South African long-term interest rate. A market-related approach is followed which explains interest rate determination on the basis of the relationships between the capital market and other domestic and international markets. Some implications for monetary policy are derived.


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