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This paper analyzes the effectiveness of monetary policy on money and credit in Pakistan by using the data rich environment. FAVAR model is used which consists of 115 macroeconomic variable for the period 1992:01 to 2010:12. Results depict that after a positive shock in interest rate (discount...
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2007 and 2009 preceded by the housing market collapse, and the Quantitative Easing Policies used by the US Central Bank …, regional, group or country levels, with an emphasis upon emerging economies such as India. In looking at the effects of …, the book provides a unique coverage of quantitative financial economics.The Impacts of Monetary Policy in the 21st Century …
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The Impacts of Monetary Policy in the 21st Centuryillustrates the effect of financial policies upon global economic indicators, with special reference made to issues effecting East Asian nations generally and with a particular focus on Indian economic development since 2000.
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