Monetary Transmission in Pakistan: The Balance Sheet Channel

Safia Shabbir (safia.shabbir@sbp.org.pk)

Working Papers from eSocialSciences

Abstract: Using 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].

Keywords: Monetary Transmission; Pakistan; Balance Sheet Channel; Monetary Policy; Monetary Transmission; Firm; Models with Panel Data; SME; firms; short-term borrowing; and revenues; economic agents; economy; firms; competition; credit crunch; profits; domestic demand; prices; real effects; cost of sales; administration and selling expenses; VAR (search for similar items in EconPapers)
Date: 2012-04
Note: Institutional Papers
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Citations: View citations in EconPapers (8)

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