Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?

Muhammad Yusuf Amin, Syed Imran Khan and Noor Hassan
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Muhammad Yusuf Amin: PhD, Eastern Mediterranean University Famagusta, North Cyprus.
Syed Imran Khan: Lecturer, IBL, Abdul Wali Khan University, Mardan, KP, Pakistan.
Noor Hassan: PhD Scholar, Graduate Business School, Yeungnam University, South Korea.

Global Economics Review, 2019, vol. 4, issue 1, 100-107

Abstract: The study aims to examine the association between banking sector development, real exchange rates, inflation rates, federal discount rates, economic growth and bank deposits in Pakistan. The study employs Johansen co-integration method and Granger causality test. The empirical results confirm for the existence of a long run relationship between banking sector development and inflation, economic growth and federal discount rates. The results of Granger causality indicate that US interest rates affect the development of the Pakistani banking sector. This confirms the existence of spillover impact.

Keywords: Banking Sector; Economic Growth; Interest Rates (search for similar items in EconPapers)
Date: 2019
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