The present study focuses on identifying and estimating the extent of earning inequality due to increase in the level of education in Pakistan. Utilizing four rounds of household level surveys conducted at national level during 2001-2014, the study analyzes the effect of education on earning...

The present study focuses on identifying and estimating the extent of earning inequality due to increase in the level of education in Pakistan. Utilizing four rounds of household level surveys conducted at national level during 2001-2014, the study analyzes the effect of education on earning...

The study empirically examined the macroeconomic impact of remittances on private savings in Pakistan by applying the ARDL Bounds Testing Approach of co integration by using annual time series data for 1973-2007.It also analyzes the effectiveness of remittances and foreign direct investment in...

The study empirically examined the macroeconomic impact of remittances on private savings in Pakistan by applying the ARDL Bounds Testing Approach of co integration by using annual time series data for 1973-2007.It also analyzes the effectiveness of remittances and foreign direct investment in...

This article examines the out‐of‐sample pricing performance and biases of the Heston’s stochastic volatility and modified Black‐Scholes option pricing models in valuing European currency call options written on British pound. The modified Black‐Scholes model with daily‐revised...

This article examines the interrelations between future volatility of the U.S. dollar/British pound exchange rate and trading volume of currency options for the British pound. The future volatility of the exchange rate is approximated alternatively by implied volatility and by IGARCH volatility....