A number of variables in an economy may be aifectedby seasonal influences such as weather conditions, trade practices, traditions, customs, etc. Since these variations recur year after year with an approximately constant degree of relative intensity and regularity, it is possible to make...

On January 15, 1959, bank rate was raised in Pakistan from its traditionallevel of 3 per cent to 4 per cent. This paper examines the effect of this rise of one percentage point in the bank rate on the borrowings of scheduled banks from the State Bank, their reserves, their lending rates, the...