| dc.contributor.author | Swanepoel, Christie | |
| dc.contributor.author | Fliers, Philip T. | |
| dc.date.accessioned | 2021-09-22T12:08:25Z | |
| dc.date.available | 2021-09-22T12:08:25Z | |
| dc.date.issued | 2021 | |
| dc.identifier.citation | Swanepoel, C., & Fliers, P. T. (2021). The fuel of unparalleled recovery: Monetary policy in South Africa between 1925 and 1936. Economic History of Developing Regions, 36(2), 213–244. https://doi.org/10.1080/20780389.2021.1945436 | en_US |
| dc.identifier.govdoc | https://doi.org/10.1080/20780389.2021.1945436 | |
| dc.identifier.issn | 2078-0397 | |
| dc.identifier.uri | http://hdl.handle.net/10566/6764 | |
| dc.description.abstract | The newly established South African Reserve Bank (SARB) was
tasked to protect the currency by navigating the interwar gold
standard, and, from March 1933, maintaining parity with the
Pound Sterling. We find that South Africa’s exit from gold secured
an unparalleled and rapid recovery from the Great Depression.
South Africa’s exit was accompanied by an inextricable link of the
SARB’s policy rate to the interest rate set by the Bank of England
(BoE). This sacrifice of independent monetary policy allowed the
SARB to fix the country’s exchange rate without impeding the
flow of gold to London. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Routledge | en_US |
| dc.subject | Monetary policy management | en_US |
| dc.subject | Interwar gold standard | en_US |
| dc.subject | South Africa | en_US |
| dc.subject | Currency | en_US |
| dc.subject | Gold | en_US |
| dc.title | The fuel of unparalleled recovery: Monetary policy in South Africa between 1925 and 1936 | en_US |
| dc.type | Article | en_US |
