Research Department assumes an important role by providing key
inputs for economic policy formulation through its analytical
reviews and research work. Clearly, superior analysis of economic
policies would be reflected in sounder macroeconomic management
by the central bank and, in turn, the evolving structure of monetary
and financial system would be more stable, and resilient against
internal and external shocks. Thus the Research Department is
expected to contribute significantly towards the main objectives
of the State Bank of Pakistan.
Major
Functions
SBP’s
Annual and Quarterly Reports
The contribution of the Research Department is largely concentrated
in the SBP’s main publications. These reports, which highlight
important issues faced by different sectors of the economy,
hold following important features:
1.
By analyzing the rationale and objectives of SBP policies, these
reports create a link between the central bank and the rest
of the economy (and especially the financial sector).
2.
The objective analysis allows meaningful guidelines to policy
managers at SBP as well as in the Federal government.
3.
These reports help in making SBP’s policies more transparent,
and encourage people to become more objective in their views
on monetary and banking policies of the State Bank. In addition
to this, these reports also help in rationalizing market expectations
by guiding public perceptions on important economic issues and
consequently, make the implementation of SBP policies much easier.
4.
These reports not only provide first-hand analysis on issues
relating to monetary and financial policies, but also form the
basis for further research by other individuals and institutions.
5.
These reports also help in developing a better public understanding
of the interaction between monetary and fiscal policies and
their impact on the overall growth of the economy.
Financial
Sector Assessment
The Research Department has also undertaken a comprehensive
assessment of the financial sector for the period 1990-2000.
The study, presents the first concrete and broad-based assessment
of the developments and performance of the financial sector
during the 1990s. The report not only incorporates an analytical
review of reforms undertaken during the decade, but also supplements
this with lessons drawn from the earlier liberalization process,
and identifies areas that were ignored in the past.
The
periodic review of Financial Sector Assessment is also one of
the main of this department.
SBP’s
Working Papers
The Research Department is also putting out working papers on
different topics. These are short papers initiated by individual
officers, containing in-depth analyses of issues that otherwise
do not fall completely within the ambit of the SBP’s main
publications. These papers are released on the SBP website (www.sbp.org.pk)
following an internal review process.
Maintenance
of economic and financial database
Through this function, the Research Department aims to provide
reliable, consistent and up-to-date information on major macroeconomic
variables. This function thus provides the relevant information
to the Governor and higher management; facilitates other researchers
in the department; and allows the Research Department to monitor
the information available on the economic data page of the SBP
website.
Support
to the Governor, the Board and the Sub-Committees
The department prepares and delivers presentations & reports
to the SBP governor as well as Board members. This aims to ease
the time pressures on senior management as well as enabling
more informed decisions.
SBP-Research
Bulletin
Conferences
SBP
Conference 14-15 Nov. 2005
IInd
SBP International Conference 
