The influence of monetary policy upon real output and the inflation rate is well established. The influence is exercised through the transmission mechanism of monetary policy. This study has examined the pass-through of Treasury Bill rate to money market rate (Call Money rate), Banks’ Deposit...

This paper empirically investigates the pass-through of the changes in the interest rate on Treasury bills in Pakistan to money market rate (call money rate), banks’ deposit rate, and banks’ lending rate. The motivation for the study is that the effectiveness of the monetary policy...

This study develops a theoretical a model to examine the impact of predation on aggregate output and aggregate consumption. Using game theoretic framework we show that predation, reduces aggregate output and per capita consumption. Predation occurs when some agents enjoy comparative advantage in...

Purpose: This study aims to comparatively analyze the systematic, idiosyncratic and downside risk exposure of both Islamic and conventional funds in Pakistan to see which of the funds has higher risk exposure. Design/methodology/approach The study analyzes different types of risks involved in...

Traditional assets, like stocks and bonds, are mostly found to be highly influenced by uncertainties, and cause distress for investors most of the time, consequently investors look for safe investment options that can provide diversification benefits to cope with uncertainties. So, current...