Per una geografia del post-apartheid. Costruire lo sviluppo nel sistema finanziario globale: controllo dell'inflazione,tassi di cambio e prezzi al consumo in una economia emergente. Il caso sudafricano.

This study examines the effects of inflation targeting on exchange " rate pass through" in South Africa. After the currency crashes of the late 1990's, a growing number of emerging economies moved away from exchange rate rigidity towards a combination of flexible exchange rates and inflation targeting. The nature and timing of linkages among nominal exchange rate, prices and inflation to a large extent determine the effectiveness of the exchange rate policy. Although exchange rate pass-through (ERPT),the degree to which changes in exchange rates are transmitted to the domestic prices of goods and services,has been the subject of several studies,the focus has been more on industrialized countries and studies that have examined the effects of inflation targeting on ERPT in developing countries are still relatively few.