Pub Date : 2018-06-20DOI: 10.14324/111.9781787353114
S. Tonah
Beni-Amer cattle owners in the western part of the Horn of Africa are not only masters in cattle breeding, they are also knowledge sovereign, in terms of owning productive genes of cattle and the cognitive knowledge base crucial to sustainable development. The strong bonds between the Beni-Amer, their animals, and their environment constitute the basis of their ways of knowing, and much of their knowledge system is built on experience and embedded in their cultural practices. In this book, the first to study Beni-Amer practices, Zeremariam Fre argues for the importance of their knowledge, challenging the preconceptions that regard it as untrustworthy when compared to scientific knowledge from more developed regions. Empirical evidence suggests that there is much one could learn from the other, since elements of pastoralist technology, such as those related to animal production and husbandry, make a direct contribution to our knowledge of livestock production. It is this potential for hybridization, as well as the resilience of the herders, at the core of the indigenous knowledge system. Fre also argues that indigenous knowledge can be viewed as a stand-alone science, and that a community’s rights over ownership should be defended by government officials, development planners and policy makers, making the case for a celebration of the knowledge sovereignty of pastoralist communities
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Geoffrey Radier, Akios Majoni, Kosmas Njanike, M. Kwaramba
This paper offers an emerging market perspective on the determinants of bond yield spread changes. The study covers the period 2005-2013 and it is based on a sample of 106 corporate vanilla bonds listed on the South African market. To capture the impact of the financial crisis of 2007-2008, the sample period is split into three sub periods, the pre-financial crisis (2005-2006), mid-financial crisis (2007-2009) and post financial crisis (2010-2013). The study shows that changes in equity volatility, interest rate level and the yield curve slope are significant determinants of bond yield spreads. The impact of equity volatility and interest rate level is more pronounced during the mid-financial crisis period. Controlling for credit ratings and bond convexity does not alter the findings. The study confirms the results documented in developed countries, it highlights the key determinants of bond values and returns of active bond trading strategies. For policy makers, the findings of this study call for the need to introduce further measures and reforms to address liquidity challenges on the bond market and volatility induced by non-resident investors on the bond market.
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Jolle Demmers, Alex E. Fernandez Jilberto and Barbara Hogenboom, eds., Routledge, London, 2004, 353 pp. ISBN: 978-0415341165 Hardback
Jolle Demmers, Alex E. Fernandez Jilberto和Barbara Hogenboom编。，劳特利奇，伦敦，2004,353页。ISBN: 978-0415341165精装本
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