SBP Research Bulletin

 Past Issues

State Bank of Pakistan Research Bulletin

Volume 12, Number 1, 2016
 Title Page  
 Papers:  Authors
 Transmission of Volatility of Money Market Overnight Repo Rate along
the Yield Curve in Pakistan
 Asif Mahmood
 Intrinsic Inflation Persistence in a Developing Country  Muhammad Nadim Hanif,  Muhammad Jahanzeb Malik, and  Javed Iqbal
 Short Notes  
 Measure of Financial Market Stress for Pakistan  Asif Mahmood and
 Syed Zulqernain Hussain
 Data Uncertainty Implications for Policy-Formulation  Syed Zulqernain Hussain
Volume 11, Number 1, 2015
 Title Page  
 Papers:  Authors
 A Pragmatic Model for Monetary Policy Analysis I: The Case of Pakistan  Shahzad Ahmad and
 Farooq Pasha
 Evaluating the Performance of Inflation Forecasting Models of Pakistan  Muhammad Nadim Hanif and
 Muhammad Jahanzeb Malik
 Short Notes  
 Exports Performance of Pakistan: A Constant Market Share Analysis  Asif Mahmood
 The Quest for Dividends from Structural Change  M. Ali Choudhary and
 Farooq Pasha
Volume 10, Number 1, 2014
 Title Page  
 Papers:  Authors
 Cost Inefficiency in the Pakistan Banking Sector 2002-2009  Kent Matthews
 The Influence of Industry Financial Composition on the Exports of Pakistan  Aadil Nakhoda
 Short Notes  
 Tete-a-Tete with Arhtiyas  Abdul Faheem, Amna Saeed
 Share of Imported goods in Consumption of Pakistan  Amjad Ali
 Municipal Finance  Saqib Sharif
 Book Review  
 The Quest for Prosperity How Developing Economies Can Take Off by Justin Yifu Lin  Reviewed by Aqeel Ahmad
 Fooled by Randomness: The Hidden Role of Chance in the Markets and
 in Life by Nassim Nicholas Taleb
 Reviewed by Muhammad Rehman
Volume 9, Number 1, 2013
 Title Page  
 Papers:  Authors
 Quarterisation of National Income Accounts of Pakistan  M. Nadim Hanif
 Javed Iqbal
 M. Jahanzeb Malik
 Environmental Regulation, Pollution and the Informal Economy  Ummad Mazhar and Ceyhun Elgin
 Short Notes  
 The Behavior and Determinants of the Currency Deposit Ratio in Pakistan  G.H Khaskheli, Aqeel Ahmed and Kalim Hyder
 Reconsidering Exchange Market Pressure Index in Pakistan  Nasir Hamid Rao
 Perspective on Systemic Risk Measurement  Nadeem Aftab
 Book Review  
 Rethinking the Role of the State in Economic Development  M. Ali Choudhary
Volume 8, Number 1, 2012
 Title Page  
 Papers:  Authors
 Balance Sheet Channel of Monetary Transmission in Pakistan:
 An Empirical Investigation
 Safia Shabbir
 Determinants of Foreign Direct Investment Flows to Developing Countries  Fayyaz Hussain
 Constance Kabibi Kimuli
 Procyclical Monetary Policy and Governance  M. Ali Choudhary
 Muhammad Nadim Hanif
 Sajawal Khan
 Muhammad Rehman
 Reserve Requirements: Current Practices and Potential Reforms  Fida Hussain
 3G Mobile Spectrum – Issues & Prospects  Sabina Khurram Jafri
 Book Review  
 Currency Wars: The Making of the Next Global Crisis by James Rickards  Reviewed by
 Muhammad Zeb
Volume 7, Number 2, 2011
 Papers:  Authors
 Inflation and Relative Price Variability  Muhammad Akmal
 Power, Profits and Inflation  Syed Ozair Ali


 Seigniorage Revenues in Pakistan  Nasir Hamid Rao
 The Mismatch between Household Surveys and
 National Accounts Consumption Data
 Muhammad Jahanzeb Malik
 Book Review  
 My Life My Country: Memoirs of a Pakistani Economist by Parvez Hasan  Review by
 Muhammad Farooq Arby
Volume 6, Number 2, 2010
 Title Page  
 Papers:  Authors
 Pakistan’s Exports Demand: A Disaggregated Analysis  Fayyaz Hussain
 What Drives Interest Rate Spreads of Commercial Banks in Pakistan?
 Empirical Evidence based on Panel Data
 Mahmood ul Hasan Khan and
 Bilal Khan
 Velocity of Money Functions in Pakistan and Lessons for Monetary Policy  Muhammad Omer
 Monetary Overhang in Pakistan  Moinuddin
 Book Review:  
 How Markets Fail: The Logic of Economic Calamities  John Cassidy
 (review: Mushtaq Ali Khan)
Volume 6, Number 1, 2010
 Title Page  
 Papers:  Authors
 Editor’s Note  
 Monetary and Fiscal Policies Coordination: Pakistan’s Experience  Muhammad Farooq Arby
 Muhammad Nadeem Hanif
 The Impacts of Global Financial and Economic Crisis on African
 Economies: A Review
 Abiodun Elijah Obayelu
 Response of Long-term Interest Rate to Fiscal Imbalance:
 Evidence from Pakistan
 Mehran Herbert
 What Explain Credit Defaults? A Comparative Study  Asghar Ali
 Kevin Daly
 Back Cover  
Volume 4, Number 1, 2008
 Title Page  
 Papers:  Authors
 Short Run Effects of an Unanticipated Change in Monetary Policy
 Interpreting Macroeconomic Dynamics in Pakistan
 Mahmood-ul-Hasan Khan
 Estimating Output Gap for Pakistan Economy Structural and
 Statistical Approaches
 S. Adnan H. A. S. Bukhari and
 Safdar Ullah Khan
 Technical Efficiency of the Banking Sector in Pakistan  Muhammad Akmal and  Muhammad Saleem
 A Note on Sustained Economic Growth for Pakistan  Waqas Ahmed and
 Safdar Ullah Khan 
 Back Page  
Volume 3, Number 2, 2007
 Title Page  
 Papers:  Authors
 Monetary Conditions Index for Pakistan  Zulfiqar Hyder and
 Muhammad Mazhar Khan 
 Effectiveness of Foreign Exchange Intervention Evidence from Pakistan  Fayyaz Hussain and Abdul Jalil
 An Empirical Investigation of Cost Efficiency in the Banking Sector of Pakistan  Muhammad Sadiq Ansari
 Book Reviews

 Introduction to Post Keynesian Economics  Marc Lovie, 2006, Palgrave
 Macmillan, New York,
 Pages 150 + XIV
Volume 2, Number 1, 2006
 Editor’s Note
 Keynote Address by Dr. Ishrat Husain  
 Papers    Authors
 Monetary Policy in a Small Emerging Economy: Exploring Desirable
 Interest Rate Rules by
 Ehsan U. Choudhri
 Comments  Muhammad Farooq Arby
 Monetary-Exchange Rate Policy and Current Account Dynamics  
 Comments by  Riaz Riazuddin
 How External Shocks and Exchange Rate Depreciations Affect Pakistan?  Implications for Choice of an Exchange Rate Regim  Shaghil Ahmed
 Iffat Ara
 Kalim Hyder
 Comments  Muhammad Nadeem Hanif
 Choosing the Right Exchange Rate Regime for Pakistan  Aasim Husain
 Comments  Najam Altaf
 Exchange Rate Flexibility and the Monetary Policy Framework in Pakistan  Iqbal M. Zaidi
 Comments  Abid Qamar
 Is Inflation Targeting the Best Policy Choice for Emerging Economies?
 A Survey of Emerging Market Experiences and Lessons for Pakistan
 Ahmed M. Khalid
 Comments  M. Amin Khan Lodhi
 Inflation Targeting in a Small Emerging Market Economy: The Case of Pakistan  Ather H. Akbari, Wimal  Rankaduwa
 Comments  Ather Elahi
 Why the State Bank of Pakistan should not Adopt Inflation Targeting?  M. Aslam Chaudhry
 Munir A. S. Choudhary
 Comments by Noor Ahmed  
 Inflation in Pakistan: Money or Wheat?  Mohsin S. Khan
 Axel Schimmelpfennig
 Comments  Aftab Nadeem 
 Equilibrium Real Effective Exchange Rate and
 Exchange Rate Misalignment in Pakistan
 Zulfiqar Hyder
 Adil Mahboob
 Comments  Syed Sajid Ali
 The Long-run and Short-run Endogeneity of Money Supply in Pakistan:
 An Empirical Investigation
 Naved Ahmad, Fareed Ahmed
 Comments  Muhammad Omer
 Institutional Arrangements for Financial Sector Governance  Pervez Tahir
 Comments  Sahar Z. Babar
 Concluding Remarks  Shaghil Ahmed
Volume 1, Number 1, 2005

 Letter from the Governor 
 Book Reviews
  • The End of Poverty: Economic Possibilities for Our Time By Jeffrey D. Sachs
  • Islamic Banking and Finance: Theory and Practice By Muhammad Ayub
  • Rural Development in South Asia By Jitendra Kumar Sharma


About SBP
Economic Data
Press Releases
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
SBP Welfare Trust
Contact us
What's New?
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Rupey ko Pehchano
Zahid Husain Memorial Lecture
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.