The effect of the exchange rate on the trade balance : the case of the South African mining sector

Simple item page
dc.contributor.advisorEdwards, Lawrenceen_ZA
dc.contributor.authorWillcox, Owenen_ZA
dc.date.accessioned2014-12-31T19:47:52Z
dc.date.available2014-12-31T19:47:52Z
dc.date.issued2003en_ZA
dc.descriptionBibliography: leaves 81-85.en_ZA
dc.description.abstractThe rationale for the study is based on the significance of the mining sector and the recent history of the Rand. During the 1990s and the early part of this century, the Rand has often been the subject of speculative attacks. Added to this is the long-term trend of depreciation against the US Dollar. In a world of infinitely mobile capital and increasing globalization, the possibility of more exchange rate crises is very real. This affects the mining industry more than most other sectors because of the fact that the majority of its production is exported and the majority of the capital inputs are imported. The effect a depreciation will have on the sector is therefore critical. In terms of exports, depreciation leads to a higher price for exporters. However, it often also leads to an increase in costs. On the import side, higher prices may not lead to higher revenue as consumers may substitute away from imports as their prices rise. In addition, elasticities of demand and supply change over time. Thus, the end result of a depreciation of the currency on the mining sector trade balance is not straightforward. Under certain circumstances it could be positive or negative. This project aims to find what the end result would be but also to find out why such results occur.en_ZA
dc.identifier.apacitationWillcox, O. (2003). <i>The effect of the exchange rate on the trade balance : the case of the South African mining sector</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/10727en_ZA
dc.identifier.chicagocitationWillcox, Owen. <i>"The effect of the exchange rate on the trade balance : the case of the South African mining sector."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2003. http://hdl.handle.net/11427/10727en_ZA
dc.identifier.citationWillcox, O. 2003. The effect of the exchange rate on the trade balance : the case of the South African mining sector. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Willcox, Owen AB - The rationale for the study is based on the significance of the mining sector and the recent history of the Rand. During the 1990s and the early part of this century, the Rand has often been the subject of speculative attacks. Added to this is the long-term trend of depreciation against the US Dollar. In a world of infinitely mobile capital and increasing globalization, the possibility of more exchange rate crises is very real. This affects the mining industry more than most other sectors because of the fact that the majority of its production is exported and the majority of the capital inputs are imported. The effect a depreciation will have on the sector is therefore critical. In terms of exports, depreciation leads to a higher price for exporters. However, it often also leads to an increase in costs. On the import side, higher prices may not lead to higher revenue as consumers may substitute away from imports as their prices rise. In addition, elasticities of demand and supply change over time. Thus, the end result of a depreciation of the currency on the mining sector trade balance is not straightforward. Under certain circumstances it could be positive or negative. This project aims to find what the end result would be but also to find out why such results occur. DA - 2003 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2003 T1 - The effect of the exchange rate on the trade balance : the case of the South African mining sector TI - The effect of the exchange rate on the trade balance : the case of the South African mining sector UR - http://hdl.handle.net/11427/10727 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/10727
dc.identifier.vancouvercitationWillcox O. The effect of the exchange rate on the trade balance : the case of the South African mining sector. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2003 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/10727en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.titleThe effect of the exchange rate on the trade balance : the case of the South African mining sectoren_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2003_willcox_o.pdf
Size:
7.95 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters