Monetary Transmission in Pakistan: The Balance Sheet Channel
Published By: SBP on eSS | Published Date: April, 08 , 2012Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel in Pakistan. [SBP WP No. 49]. URL:[http://www.sbp.org.pk/publications/wpapers/2012/wp49.pdf].
Author(s): Safia Shabbir | Posted on: Apr 09, 2012 | Views(604) | Download (764)