The Financial Accelerator: An Emerging Market Story

Shah Hussain (), Amna Saeed and Amer Hassan ()
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Shah Hussain: State Bank of Pakistan
Amer Hassan: State Bank of Pakistan

No 41, SBP Working Paper Series from State Bank of Pakistan, Research Department

Abstract: In support of the financial-accelerator theory, we find evidence on countercyclical price-cost banking margins possibly explaining the amplifications of business cycles in Pakistan.

Keywords: Financial accelerator; Business cycle; Pakistan. (search for similar items in EconPapers)
JEL-codes: C51 E32 G21 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2011-07
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Citations: View citations in EconPapers (2)

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