Thesis (Ph. D.)--George Washington University, 2005. / Includes bibliographical references.

Thesis (Ph. D.)--University of Utah, 2004. / Includes bibliographical references (leaves [79]-80).

Thesis (Ph. D.)--Fordham University, 1992. / Vita. Includes bibliographical references (leaves 267-289).

Thesis (Ph. D.)--Louisiana State University, Baton Rouge, 1992. / Vita. Includes bibliographical references (leaves 169-176).

Thesis (Ph. D.)--University of Toronto, 1994. / Includes bibliographical references (leaves 205-209).

Thesis (Ph. D.)--Harvard University, 1992. / Includes bibliographical references.

This dissertation investigates the effects of exchange rate devaluation on non-mining exports in Botswana over the period 1984-2012 and the exchange rate pass-through effect to consumer prices. The economy of Botswana is significantly dependent on mineral exports, particularly the diamond. The dominance and over-reliance on diamond exports in the economy has led to low levels of economic diversification. Bank of Botswana has over the years devalued the pula, in attempt to stimulate growth of non-mining export industries and to enhance non-mining export competitiveness. However, raising export competitiveness this way may be inflationary and have no significant effect on non-mining exports. The study investigates the existence of cointegration between real effective exchange rate and the non-mining exports using the Johansen method of cointegration. The vector error correction model is used, to examine the short-run dynamics of the model. The results suggest that a positive long-run relationship exists between real effective exchange rate and Botswana’s non-mining exports. The results of the exchange rate pass-through suggest that nominal exchange rate has a short term relationship with consumer prices in Botswana. However this relationship does not hold over the long run.

The purpose of this study is to establish the impact of real exchange rate on exports in South Africa. In conducting the empirical test, the Vector Error Correction Model and annual time series data between 1973 and 2014 has been utilised. In the model, exports are the dependent variable and the real effective exchange rates, gross domestic product, mining, agricultural, foreign direct investments, and merchandise export prices are explanatory variables. A significant inverse relationship between real effective exchange rates and exports was confirmed in line with economic theory. Except for the Gross Domestic Product which exhibited a positive relationship, all other explanatory variables displayed an inverse relationship with exports. All other variables exhibited a significant impact except for Foreign Direct Investments. Based on the findings of this study, firm and practical policy recommendations are made including a moderated adjustment of monetary and fiscal policy to ensure competitiveness on the supply side.

This study looks at the development of bond markets in emerging economies and focuses on the development of the Bond Exchange of South Africa (BESA). It explores the history, structure, performance and key issues related to the development of this market within the broader context of domestic, regional and global bond market development. BESA's experience provides valuable lessons for other emerging market economies also seeking to build bond markets. The sophistication of the local bond market is not enough to make it appealing to foreign borrowers. Market development demands an enabling market infrastructure and a background of macroeconomic stability, diversified market participants, deregulation of capital flows and an appropriate regulatory and supervisory environment.

The article tries to complete the “overshooting” model of Dornsbusch, explicitly including a dynamic equation for the money market, because he treats this only in an intuitive way, as if there was an infinite speed of adjustment. After pointing out some errors in the original work, it is showed that the hypotheses made by Dornsbusch are sufficient for the completed model to exhibit the wanted “overshooting”. / El artículo intenta completar el modelo del overshooting de Dornsbusch incluyendo explícitamente una ecuación dinámica para el mercado de dinero, pues este es tratado solo de manera intuitiva por Dornsbusch como si se diera allí una velocidad de ajuste infinita. Luego de hacer notar algunos errores del trabajo original, se demuestra que las hipótesis hechas por Dornsbusch bastan para que el modelo completado exhiba el overshooting deseado.