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The effects of banking regulation in the South African economy using computable general equilibrium model
Thesis (PhD (Actuarial Science))--University of Pretoria, 2021.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2021
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| _version_ | 1867613664289226753 |
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| access_status_str | Open Access |
| author2 | Beyers, Frederik Johannes Conradie |
| author_browse | Beyers, Frederik Johannes Conradie |
| author_facet | Beyers, Frederik Johannes Conradie |
| collection | Thesis |
| dc_rights_str_mv | © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Thesis (PhD (Actuarial Science))--University of Pretoria, 2021. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/80846 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:44.581Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/80846 The effects of banking regulation in the South African economy using computable general equilibrium model Beyers, Frederik Johannes Conradie kojo.esselmensah@gmail.com Tsomocos, Dimitrios De Freitas, Allan Seymore, Reyno Essel-Mensah, Kojo Amonkwandoh Actuarial Science Banking Financial Economics UCTD Thesis (PhD (Actuarial Science))--University of Pretoria, 2021. The importance of regulation for the banking sector cannot be over emphasised as failure to adequately regulate the banking sector usually leads to financial crisis including collapse of major financial institutions. As such any method used for regulating the sector must ensure that almost all possible risks are detected. The Computable General Equilibrium (CGE) model considers interactions amongst various entities of the economy and so when used for regulation could detect potential risks. The CGE model has been used widely as a powerful technique for quantitative analysis to answer many "what if" questions about the economy including the South African economy. However, not much of its use is applied to the banking sector especially in South Africa. In particular, the effect of regulatory policy intervention in the banking sector is little known when it comes to modelling with the CGE model in South Africa. In this study, a CGE model is developed to cover the banking sector in South Africa. Emphasis is placed on modelling the possible effect of regulatory policy on the economy. The CGE model performed well as a tool for regulation and risk assessment for the banking sector in South Africa. It was established that default penalty has a higher effect on the banks' profits and interest rates than capital requirement infringement penalty. The results also suggest that interest rate targeting has more controlled effects than monetary base targeting since pecuniary externalities are reduced. Default penalty and capital adequacy requirement (CAR) violation penalty have opposing effect on banks profits and that default penalty dominates CAR violation penalty. During periods of adverse economic conditions, tightening capital requirement regulation further reduces banks pro fits. This study should therefore be a source of providing methodology for regulators of the banking sector and policymakers in South Africa to apply the CGE model for risk assessment and for future National Research Foundation (NRF) ABSA chair in Actuarial Science Insurance and Actuarial Science PhD (Actuarial Science) Unrestricted 2021-07-15T08:26:20Z 2021-07-15T08:26:20Z 2021-09 2021 Thesis * S2021 http://hdl.handle.net/2263/80846 en © 2019 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Actuarial Science Banking Financial Economics UCTD The effects of banking regulation in the South African economy using computable general equilibrium model |
| title | The effects of banking regulation in the South African economy using computable general equilibrium model |
| title_full | The effects of banking regulation in the South African economy using computable general equilibrium model |
| title_fullStr | The effects of banking regulation in the South African economy using computable general equilibrium model |
| title_full_unstemmed | The effects of banking regulation in the South African economy using computable general equilibrium model |
| title_short | The effects of banking regulation in the South African economy using computable general equilibrium model |
| title_sort | effects of banking regulation in the south african economy using computable general equilibrium model |
| topic | Actuarial Science Banking Financial Economics UCTD |
| url | http://hdl.handle.net/2263/80846 |