8 Barry Eichengreen, quoted in Enda Curran and Michelle Jamrisko, 2 April 2020, ‘The same stimulus  that rich countries lean on could worsen poor economies’, Bloomberg Quint, available at https://www.bloombergquint.com/global-economics/a-mother-of-all-sudden-stops-leaves-emergingmarkets-in-crisis. 9 Philippe Burger and Estian Calitz, 24 February 2020, ‘Soaring deficits and debt: restoring sustainability amidst low economic growth’, available at https://www.econ3x3.org/article/soaringdeficits-and-debt-restoring-sustainability-amidst-low-economic-growth.
Page 6 of 16  The proposals on the table for more bond buying are not modest. I have seen one call for a trillion-rand fiscal stimulus financed by the SARB10, and another for SARB bond purchases of R10-20 billion per week to continue until ‘economic recovery is well underway’11.