The Dominant Borrower Syndrome: The Case of Pakistan
Published By: State Bank of Pakistan, SBP on eSS | Published Date: August , 2016The pressure fiscal expansion exerts on the economy via credit markets in Pakistan is analysed.
Melina and Villa (2014) is extended by allowing government to compete with the private borrowers (firms)
for the bank credit in monopolistically competitive banking industry to the extent that it can come to
dominate banks balance-sheets, a feature observed in Pakistan following 2008 Global Financial Crisis. [SBP Working Paper No. 77].
Author(s): Sajawal Khan | Posted on: Aug 16, 2016 | Views() | Download (438)