A tale of two governors: Monetary policy and the South African economy 1981–1999

Abstract

This article compares and contrasts events in the South African economy and the conduct of monetary policy under two successive governors of the South African Reserve Bank (SARB). Dr Gerhard de Kock was governor of the SARB from January 1981 until his untimely death in August 1989 whereupon he was succeeded by Dr Chris Stals whose term ended in September 1999.

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