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This study attempts to analyze the causal relationship between inflation and productivity of labor and capital, in Pakistan’s economy by covering the period from 1960-M1 to 2007-M12. For this purpose Vector Autoregression (VAR) approach is used, which is based on error correction model (ECM)....
Persistent link: https://www.econbiz.de/10004976972
This paper investigates banking system instability vis-à-vis the day-to-day interbank market and monetary policy effectiveness in the Dominican Republic. The analysis reveals a negative relationship among excess banking system reserves and the interbank interest rate, and shows that in crisis...
Persistent link: https://www.econbiz.de/10004980406
The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become dependent upon current ad hoc measures, with the loss of...
Persistent link: https://www.econbiz.de/10011107257
In this paper, we establish the empirical linkages between nominal and real variables of Pakistani economy using both annual and quarterly data. The focus of our empirical analysis has been limited to the post financial liberalization period starting in early 1990s. Furthermore, this paper...
Persistent link: https://www.econbiz.de/10011107304
This paper presented the empirical results of the volatility transmission of overnight rate along the yield curve in case of Pakistan. The results indicate that the volatility transmission of overnight repo rate is higher at the shorter end of the yield curve while lower at the longer end. These...
Persistent link: https://www.econbiz.de/10011107405
Labour contributions provided by villagers are central to government policy on rural infrastructure development in Vietnam. This brief report is an initial step to assess problems and provide analysis of the contribution system, and outline the minimum required to ensure that the poor access...
Persistent link: https://www.econbiz.de/10011107515
This is an analysis of the personality of prof. Epicarmo Corbino (1890-1984), centered on his cultural identity, his vision of economic policy, his way of interpreting the relationship between theory and history and his important activity of politician and statesman. The portrait that emerges is...
Persistent link: https://www.econbiz.de/10011107550
This paper models the People’s Bank of China’s operating procedures in a two-stage vector autoregression model to search for a valid good policy indicator for Chinese monetary policy. The model disentangles endogenous components in changes in monetary policy that are driven either by demand...
Persistent link: https://www.econbiz.de/10011107587
This study examines the poverty of the ethnic minorities in the poorest areas in Vietnam. We find that the ethnic minority now constitute more than a half of the poor population, though they account for around 14.5 percent of the population,. The share of the poor ethnic minorities in the total...
Persistent link: https://www.econbiz.de/10011107608
In this paper, I consider two heterogeneous economies that engage in a currency union. The small economy adopts the currency of the large and is highly dependent on its wealthier partner for trade. The effects of a currency union, deficit financing and institutional restraints on inflation are...
Persistent link: https://www.econbiz.de/10011107743