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Financial Systems and Monetary Policy in Africa

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  • Mthuli Ncube

Abstract

This paper examines the role of the financial system in the operation and evolution of monetary policy. The financial system is comprised of the banking system, non-bank financial institutions and the capital markets. The role of the central bank is two-fold, that of price stability, and stability of the payment system. We look at the […]

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  • Mthuli Ncube, 2007. "Financial Systems and Monetary Policy in Africa," Working Papers 020, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:020
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