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Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For the longrun relationship we use the Engle Granger two-step procedure and the volatility spillover is modelled through the bivariate EGARCH method. The estimated results from...
Persistent link: https://www.econbiz.de/10009365411
Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges thrown out by...
Persistent link: https://www.econbiz.de/10009363909
Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges thrown out by...
Persistent link: https://www.econbiz.de/10009365495
This paper seeks to examine how locking-in of Pakistans unilateral liberalization at the WTO/GATS and further liberalization of services trade would affect Pakistans competitiveness. Focusing on the opportunities and risks of such liberalization the paper discusses possible options regarding the...
Persistent link: https://www.econbiz.de/10009363439
, competition and the reform of state regulation are key themes of donor aid programmes, notably those of the World Bank. This paper … provides an econometric assessment of the effects of privatisation, competition and regulation on the performance of the … generating sector and capacity utilisation. The main conclusions are that on their own privatisation and regulation do not lead …
Persistent link: https://www.econbiz.de/10009363506
of prudential regulation, and continued financial market development practiced by most Asian EMEs over the past …
Persistent link: https://www.econbiz.de/10009363976
Persistent link: https://www.econbiz.de/10009365310
the economy. Philippine experience has shown that reforms such as trade liberalization, deregulation, and privatization … competitive environment requires coordinated policies to implement continued liberalization and deregulation in tandem with the …
Persistent link: https://www.econbiz.de/10009365322
markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …
Persistent link: https://www.econbiz.de/10009365400
markets and better domestic and international regulation is a necessary prerequisite for full convertibility. The direction of …
Persistent link: https://www.econbiz.de/10009365446