The economic architecture of the two De Kocks

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dc.contributor.author Saayman, Andrea
dc.contributor.author Styger, Paul
dc.date.accessioned 2012-10-02T07:04:04Z
dc.date.available 2012-10-02T07:04:04Z
dc.date.issued 2011
dc.identifier.citation Styger, P. & Saayman, A. 2011. The economic architecture of the two De Kocks. Economic history of developing regions, 26(Sup. 1):S21-S52. [http://www.tandfonline.com/toc/rehd20/current] en_US
dc.identifier.issn 2078-0389
dc.identifier.issn 2078-0397 (Online)
dc.identifier.uri http://hdl.handle.net/10394/7417
dc.description.abstract Although the annual budget speech traditionally focused on fiscal matters, the minister of finance regularly covered monetary policy issues in his speech. This paper reviews and compares the monetary policy statements/views expressed in the budget speech with the monetary policy stance portrayed in the annual ‘President's Address’ to the shareholders of the South African Reserve Bank (SARB). The review is subdivided into the main sub-periods of the tenures of the prominent ministers of finance and the governors of the Reserve Bank. The premise of the paper is that the different global and economic conditions, as well as the different personalities/styles, created periods of coherent and periods of conflicting modus operandi. A sub-theme is the growing importance of the South African Reserve Bank in economic policy decision-making during these periods. This paper focuses on the respective tenures, as president of the South African Reserve Bank, of Dr M. H. De Kock and his son, Dr G.P.C. De Kock. It is shown that conflicting views on direct or indirect monetary policy instruments, in particular, caused varying degrees of harmony during the Nationalist Regime. en_US
dc.description.uri http://dx.doi.org/10.1080/20780389.2011.586406
dc.language.iso en en_US
dc.publisher Taylor & Francis en_US
dc.subject Monetary policy en_US
dc.subject fiscal policy en_US
dc.subject South African Reserve Bank en_US
dc.subject National Party en_US
dc.title The economic architecture of the two De Kocks en_US
dc.type Article en_US

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