IDENTIFYING CENTRAL BANKS WITH SHAREHOLDING: A REVIEW OF AVAILABLE LITERATURE

This paper reviews literature on private shareholding in central banks. The literature shows that only a very small number of central banks have private shareholders and the conditions of such shareholding differ considerably between these institutions. Owing these differences, private shareholding in central banks is an area for further research.http://www.journals.co.za/ej/ejour_sajeh.htm

REFLECTING ON NINETY YEARS OF INTERMITTENT SUCCESS: THE EXPERIENCE OF THE SOUTH AFRICAN RESERVE BANK WITH INFLATION SINCE 1921

The South African Reserve Bank (the Bank) has achieved intermittent excellence in its quest to contain inflation since its establishment in 1921. This long experience highlights important experiences with inflation, which can be put to good use by central banks in other emerging-market economies. The conclusion is that there is no substitute for the long-run use of sound monetary policy in the quest to contain inflation.http://www.journals.co.za/ej/ejour_sajeh.htm

A SELECTIVE REFLECTION ON THE INSTITUTIONAL DEVELOPMENT OF THE SOUTH AFRICAN RESERVE BANK SINCE 1921

The South African Reserve Bank (the Bank) turns ninety in 2011, which makes it the fourth-oldest central bank outside Europe. This paper reviews the institutional history of the Bank since 1921. The conclusion is that the institutional structure of the Bank had to be revised periodically to ensure alignment to changing domestic and international developments and challenges.http://www.journals.co.za/ej/ejour_sajeh.htm