Ayub, Mehar (2008): How monetary policy affects poverty: nexus and consequences.
Download (73Kb) | Preview
This case study provides some interesting insights and phenomena. It was observed that how monetary policy badly affected the poverty situation in Pakistan. This study covers three important aspects of the socio-economic changes in Pakistan in the recent past. First it describes the macroeconomic growth in the different political regimes. Second aspect of the study is to assess the poverty levels in Pakistan. In this part, we have compared the poverty in Pakistan with the selected countries and trends over the period have also been shown. Third aspect of the study is to identify the impact and contribution of monetary policy in poverty and income distribution.
|Item Type:||MPRA Paper|
|Original Title:||How monetary policy affects poverty: nexus and consequences|
|English Title:||How monetary policy affects poverty: nexus and consequences|
|Keywords:||monetary policy; poverty; inflation|
|Subjects:||E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare
|Depositing User:||Ayub Mehar|
|Date Deposited:||16. Nov 2009 15:09|
|Last Modified:||12. Feb 2013 18:32|
Adam Smith (1759); “Theory of the Moral Sentiments”; London: The Adam Smith Institute, 1999.
Adam Smith Institute (1999); “Why the Global Economy Needs Nations”,
Barbara Nunberg, and John Nellis (1995); ““Civil Service Reforms and the World Bank”; Washington DC: World Bank Discussion Paper No. 161
Fama, E.F., (1975) “Short-term Interest Rates as Predictors of Inflation”, American Economic Review, June 1975, 269-282.
Fama, E.F., and M.C. Jensen (1983), " Separation of Ownership and Control", Journal of Law and Economics, 26, 301-325
Fukuyamn, Francis (2005); “How Academia Failed the Nation”; Journal of Management and Social Sciences; April 2005
Gunnar Mirdal (1975); “Asian Drama”; Reprint by the National Bank of Pakistan Karachi 1975.
Helen V. Milner (1998); “ International Political Economy: Beyond Hegemonic Stability”, Foreign Policy Spring 1999
IMF Survey (1999); “Risk to the World Economy”,
James D. Woelfensohn (1998); “ The Financial Crisis and the New Approach”; address to the Board of Governors, World Bank Group.
Jeffery Sachs (2000); “A New Map of the World” the Economists June 24, 2000
Jensen, M. and W. Meckling, (1976) “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure”, Journal of Financial Economics, October 1976, 305-360.
Joseph E. Stiglitz (1999); “Trade and the Development World: A New Agenda”; Current History November 1999.
Mehar Ayub (1993); “An economic evaluation of community violence’s in Sri Lanka”; South Asian Studies.
Mehar Ayub (1993); “Impacts of households’ income on demand for means of transportation and communications”; Pakistan Economic and Social Review.
Mehar Ayub (1993); “Impacts of income re distribution on community development ranking – A simulation based study”; Pakistan Economic and Social Review.
Mehar Ayub (1993); “Interaction between the factors of community development: Some evidences from Sri Lanka”; Pakistan Economic and Social Review.
Mehar Ayub (1994); “An inverted U-shape relationship between rate of unemployment and level of education: Some evidences from Pakistan; Indian Economic Journal.
Mehar Ayub (2000); “The Growth Secret”; Karachi: Business Recorder; 1999
Mehar Ayub (2004); “The History and Nature of Economic Recession”; Karachi: Pakistan and Gulf Economist, 2004
Mehar Ayub (2005); “Is debt a substitute of equity? Relevancy of Financial Policy in New Economic Scenarios”; Applied Financial Economics, March 2005
Mehar, Ayub (2009); “Role of Decentralized Institution in Poverty Alleviation”; Forthcoming.
Nabil Md. Dabour (2000); “The Role of Foreign Direct Investment (FDI) in Development and Growth in OIC Member Countries”; Journal if Economic Cooperation 21, 3 (2000).
NPQ (Spring 1998); “Beyond Capitalism”, Interview by Peter Drucker, Hillary Rodham Clinton, Anthony Giddens, Shimon Peres, Gorge Soros, Anatoly Chubais, Fernando Henrique Cardoso, John Sweeney, Leon Brittan, Tony Blair;
Ocampo, Jose Antonio (2005); The World Social Situation: The Inequality Predicament”; New York: United Nations Report
Paul Krugman (1999); “Economic Culture Wars”; The Economist, October 24, 1999.
Ross, S.A. (1977), “Return, Risk and Arbitrage”, in Friend and Bicksler, eds., Risk and Return in Finance, Vol.1, and Cambridge: Mass. 1977, 189-218.
Scott, James (1977), “Bankruptcy, Secured Debt and Optimal Capital Structure”, Journal of Finance, 1977 (32), 1-19.
Shleifer, A. and R. Vishny (1986), “Large Shareholders and Corporate Control”, Journal of Political Economy, June 1986, 461-488.
Singh, A. and Hamid J. (1992), “Corporate Financial Structures in Developing Countries”, IFC Technical Paper (1), Washington: The IFC
Singh, Ajit (1995), “Corporate Financial Patterns in Industrializing Economies – A Comparative International Study”, IFC Technical Paper (2), Washington: The IFC
Stana Nenadic (1999); “Businessmen, the urban middle calssers, and the ‘dominance’ of manufacturers in nineteenth –century Britain”; Economic History Review, XLIV, 1 (1991).
Stulz, Rend M., and Herb Johnson (1985) , "An Analysis o Secured Debt", Journal of financial Economics 14, 501-521
The Economist (1994); “Povery and Growth” March 5, 1994
The Economist (2001); “The New Wealth of Nations: A Survey of the New Richs”; London: June 16th, 2001
The Economist, (1999); “ Finance and Capitalism”; December 19, 1999 (Millennium Issue).
The Economist, (1999); “Multi Cultural Akber”; December 19, 1999 (Millennium Issue).
The Economist, (2000); “ Young and Cultural Globalization”; December 12, 2000.
The Economist, (2001); “Corporate Durability”; April 14, 2001.
Tobin, James (1969), “A General Equilibrium Approach to Monetary Theory”, Journal of Money, Credit and Banking, 1969 (1), 15-29.
Williamson, O.E. (1988), " Corporate Finance and Corporate Governance", The Journal o Finance.
World Bank (2000); “Changing World”, World Development Report 2000.
World Bank (2008); “World Development Indicators”, Washington: Oxford University Press, 2008
World Link (2001); “ Growth Companies”; January 2001.
World Link (2001); “ Moral Companies”; January 2001.