01637cas a2200241 a 4500 AALejournalIMF007530 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451840940 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. South Africa : Selected Issues. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (206 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper highlights that cautious monetary and fiscal polices of South Africa during 1997 resulted in a return of financial investor confidence and capital inflows during 1997 and through April 1998. These policies helped the South African economy emerge successfully from the exchange market pressures of 1996 and weather the contagion from the East Asian crisis in the second half of 1997. Throughout 1997 and up until May 1998, inflation and market interest rates fell considerably, net international reserves increased, and the net open forward position of the Reserve Bank was reduced sharply. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/096 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/096/002.1998.issue-096-en.xml IMF e-Library