Publications

Working papers currently under review or in progress, followed by my journal articles, books, and reports, organised by year (most recent first).

Working Papers

  • From Climate Crisis to Cost Crisis: Inflation Dynamics in a Warming World. Serena Merrino and Xolani Sibande. Working Paper. Available at SSRN
  • Spillover Effects of US Monetary Policy Shocks on South African Financial Markets: Insights from High-Frequency Data and Local Projections. Xolani Sibande. Working Paper. Available at SSRN
  • Inflation Dynamics and Relative Price Dispersion in South Africa: Implications for Optimal Inflation Targeting. Keagile Lesame and Xolani Sibande. Working Paper. Available at SSRN

2026

  • Do Investors in Clean Energy ETFs Herd? The Role of Climate Risks. Vassilios Babalos, Xolani Sibande, Elie Bouri, and Rangan Gupta. Review of Behavioral Finance, 18(1), 19-32.

2025

  • Regulation and Bank Lending in South Africa: A Narrative Index Approach. Xolani Sibande, Dumakude Nxumalo, Keaoleboga Mncube, Steve Koch, and Nicola Viegi. South African Journal of Economics, 93(1), 73-85. https://doi.org/10.1111/saje.12401
  • The Impact of Basel III Implementation on Bank Lending in South Africa. Xolani Sibande and Alistair Milne. South African Journal of Economics, 93(1), 6-26. https://doi.org/10.1111/saje.12398

2024

  • Herding Behaviour and Monetary Policy: Evidence from the ZAR Market. Xolani Sibande. Journal of Behavioral and Experimental Finance, 42, 100920.
  • Presidential Politics and Investor Behavior in the Stock Market: Evidence from a Century of Stock Market Data. Xolani Sibande, Vassilios Babalos, Riza Demirer, and Rangan Gupta.
  • Price Effects after One-Day Abnormal Returns and Crises in the Stock Markets. Alex Plastun, Xolani Sibande, Rangan Gupta, and Qiang Ji. Research in International Business and Finance, 70, 102308.
  • The South African NiGEM Expansion. Ed Cornforth, Urvish Patel, Xolani Sibande, Kgotso Morema, Konstantin Makrelov, and Ian Hurst. Economic Research and Statistics Department, South African Reserve Bank.

2023

  • Investor Sentiment and (Anti) Herding in the Currency Market: Evidence from Twitter Feed Data. Xolani Sibande, Rangan Gupta, Riza Demirer, and Elie Bouri. Journal of Behavioral Finance, 24(1), 56-72. https://doi.org/10.1080/15427560.2021.1917579
  • On the Pricing Effects of Bitcoin Mining in the Fossil Fuel Market: The Case of Coal. Xolani Sibande, Riza Demirer, Mehmet Balcilar, and Rangan Gupta. Resources Policy, 85, 103539.

2022

  • Leaning against the Wind with Fiscal and Monetary Policy. Shaun de Jager, Christopher Loewald, Konstantin Makrelov, and Xolani Sibande. Economic Research and Statistics Department, South African Reserve Bank .

2021

  • Evolution of Price Effects after One-Day Abnormal Returns in the US Stock Market. Alex Plastun, Xolani Sibande, Rangan Gupta, and Mark E. Wohar. The North American Journal of Economics and Finance, 57, 101405.

2020

  • Halloween Effect in Developed Stock Markets: A Historical Perspective. Alex Plastun, Xolani Sibande, Rangan Gupta, and Mark E. Wohar. International Economics, 161, 130-138.
  • Historical Evolution of Monthly Anomalies in International Stock Markets. Alex Plastun, Xolani Sibande, Rangan Gupta, and Mark E. Wohar. Research in International Business and Finance, 52, 101127.
  • Price Gap Anomaly in the US Stock Market: The Whole Story. Alex Plastun, Xolani Sibande, Rangan Gupta, and Mark E. Wohar. The North American Journal of Economics and Finance, 52, 101177.

2019

  • Rise and Fall of Calendar Anomalies over a Century. Alex Plastun, Xolani Sibande, Rangan Gupta, and Mark E. Wohar. The North American Journal of Economics and Finance, 49, 181-205.
  • Time-Varying Causal Relationship between Stock Market and Unemployment in the United Kingdom: Historical Evidence from 1855 to 2017. Xolani Sibande, Rangan Gupta, and Mark E. Wohar. Journal of Multinational Financial Management, 49, 81-88.

2018

  • A Potential Cost-Benefit Analysis Model for Enhancing Public Policy Analysis in Provinces. Xolani Sibande, Kishore Raga, and Margaret Chitiga-Mabugu. Administratio Publica, 26(2), 158-174. https://doi.org/10.61967/adminpub.2018.26.2.9

2013

  • Costs of Eutrophication at the Vaal River System: An Integrated Economic Model. Randolph Xolani Sibande. University of Pretoria (South Africa).

2012

  • Development of a Generic Model to Assess the Costs Associated with Eutrophication. Mark Graham, James Blignaut, Louis {de Villiers}, Dirk Mostert, Xolani Sibande, Samuel Gebremedhin, William Harding, Nico Rossouw, Nico Sue Freese, and Stuart Ferrer. Water Research Commission.

2010

  • Exploring the Link between PES and Poverty Alleviation. Xolani Sibande. Trade and Industrial Policy Strategies.

2008

  • In-Field Rainwater Harvesting and Water Conservation Techniques: Assessing the Impact of Fifteen Years of WRC-funded Research in Thaba Nchu: Report to the Water Research Commission. J. N. Blignaut and Xolani Sibande. Water Research Commission.