01966cas a2200313 a 4500 AALejournalIMF022504 230101c9999 xx r poo 0 0eng d 5.00 USD 9798400204418 1018-5941 BD-DhAAL BD-DhAAL Hesse, Heiko. South Africa : The Financial Sector-Sovereign Nexus / Heiko Hesse, Ken Miyajima. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (21 pages) IMF Working Papers <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 Globally, financial institutions have increased their holdings of domestic sovereign debt, tightening the linkage between the health of the financial system and the level of sovereign debt, or the "financial sector-sovereign nexus," during the ongoing COVID-19 pandemic. In South Africa, the nexus is still relatively moderate, albeit rising, and the increased focus of the Prudential Authority on the associated risks provide reassurance. Options to mitigate such risks through the use of regulatory measures can be explored. However, absent the necessary fiscal consolidation and structural reforms, risks from the nexus to both the financial system and the sovereign will increase. Mode of access: Internet Banks imf Depository Institutions imf Financial Markets and the Macroeconomy imf Micro Finance Institutions imf Mortgages imf Miyajima, Ken. IMF Working Papers; Working Paper ; No. 2022/051 Full text available on IMF http://elibrary.imf.org/view/journals/001/2022/051/001.2022.issue-051-en.xml IMF e-Library