Note
Research Paper on
Importance of Monetary Policy in a developing country (Pakistan)
Submitted by Amber Masud Kayani (0958134)
EMBA
Submitted to
Sir Syed Qamar Ali Zaidi
Submission date : 28th Nov,2010
Shaheed Zulfiqar Ali Bhutto Institute of Science & Technology(SZABIST)
90 Clifton, Karachi
Table of Contents
Titles Page no.
1. Abstract ……………………………………………………….……………..…… 3 2. Introduction………………………………………………………………..……… 4 3. What is a Monetary Policy? ………………………………………………..…... 5 4. Objectives of Monetary Policy ……………..………………………………….… 5 5. Monetary Policy Framework in Pakistan…………………………………..…… 6 6. State Bank uses tools of Monetary Policy. ..………………………… ………... 6 7. How does Monetary Policy affect the economy of a country... ………………... 7 8. How does Monetary Policy affect Inflation…………………..…………….…… 8 9. Effectiveness of Monetary Policy in Developing Countries …………………… 8 10. Effectiveness of Monetary Policy in Pakistan…………………………………... 8 11. What needs to be done to improve the effectiveness of Monetary Policy?......... 9 12. Conclusion………………………………………...........................................……. 9 13. Summary…………………………………………………………………………. 10 14. References ………………………………………………………………………...10
Abstract:
Price and output stabilities determine the success of monetary policy in either economy. This paper briefly examines the monetary policy strategies of developing countries It is found that the developing countries follow ill-organized monetary system do not follow the rule-based policy, rather they often formulate and launch policies under some discretionary framework. The fundamental objective of this study is to examine the performance of
Importance of Monetary Policy in a developing country (Pakistan)
Submitted by Amber Masud Kayani (0958134)
EMBA
Submitted to
Sir Syed Qamar Ali Zaidi
Submission date : 28th Nov,2010
Shaheed Zulfiqar Ali Bhutto Institute of Science & Technology(SZABIST)
90 Clifton, Karachi
Table of Contents
Titles Page no.
1. Abstract ……………………………………………………….……………..…… 3 2. Introduction………………………………………………………………..……… 4 3. What is a Monetary Policy? ………………………………………………..…... 5 4. Objectives of Monetary Policy ……………..………………………………….… 5 5. Monetary Policy Framework in Pakistan…………………………………..…… 6 6. State Bank uses tools of Monetary Policy. ..………………………… ………... 6 7. How does Monetary Policy affect the economy of a country... ………………... 7 8. How does Monetary Policy affect Inflation…………………..…………….…… 8 9. Effectiveness of Monetary Policy in Developing Countries …………………… 8 10. Effectiveness of Monetary Policy in Pakistan…………………………………... 8 11. What needs to be done to improve the effectiveness of Monetary Policy?......... 9 12. Conclusion………………………………………...........................................……. 9 13. Summary…………………………………………………………………………. 10 14. References ………………………………………………………………………...10
Abstract:
Price and output stabilities determine the success of monetary policy in either economy. This paper briefly examines the monetary policy strategies of developing countries It is found that the developing countries follow ill-organized monetary system do not follow the rule-based policy, rather they often formulate and launch policies under some discretionary framework. The fundamental objective of this study is to examine the performance of
References: 1. “The Science of Monetary Policy: A New Keynesian Perspective” by Richard Clarida; Jordi Gali; Mark Gertler in Journal of Economic Literature, Vol. 37, No.4 (Dec 1999). 2. “Inflation and Growth: An Estimate of the Threshold level of Inflation in Pakistan” by Yasir Mubarik in SBP Working Papers, NO. 8, (June,2005). 3. Khan, A. H. and M. A. Qasim (1996) Inflation in Pakistan Revisited, The Pakistan Development Review 35:4, 747–759. 4. www.sbp.org.pk 5. www.yahoo.com 6. www.google.com