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DOES BANKING SECTOR DEVELOPMENT HAVE ANY ASSOCIATION WITH ECONOMIC GROWTH AND INTEREST RATES IN PAKISTAN

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10 Pages : 100-107

http://dx.doi.org/10.31703/ger.2019(IV-I).10      10.31703/ger.2019(IV-I).10      Published : Mar 2019

Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?

Abstract

    The study aims to examine the association between banking sector development, real exchange rates, inflation rates, federal discount rates, economic growth and bank deposits in Pakistan. The study employs Johansen co-integration method and Granger causality test. The empirical results confirm for the existence of a long run relationship between banking sector development and inflation, economic growth and federal discount rates. The results of Granger causality indicate that US interest rates affect the development of the Pakistani banking sector. This confirms the existence of spillover impact.

    Banking Sector, Economic Growth, Interest Rates

    (1) Muhammad Yusuf Amin
    PhD, Eastern Mediterranean University Famagusta, North Cyprus.
    (2) Syed Imran Khan
    Lecturer, IBL, Abdul Wali Khan University, Mardan, KP, Pakistan.
    (3) Noor Hassan
    PhD Scholar, Graduate Business School, Yeungnam University, South Korea.
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Cite this article

APA

    APA : Amin, M. Y., Khan, S. I., & Hassan, N. (2019). Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?. Global Economics Review, IV(I), 100-107. https://doi.org/10.31703/ger.2019(IV-I).10

CHICAGO

    CHICAGO : Amin, Muhammad Yusuf, Syed Imran Khan, and Noor Hassan. 2019. "Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?." Global Economics Review, IV (I): 100-107 doi: 10.31703/ger.2019(IV-I).10

HARVARD

    HARVARD : AMIN, M. Y., KHAN, S. I. & HASSAN, N. 2019. Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?. Global Economics Review, IV, 100-107.

MHRA

    MHRA : Amin, Muhammad Yusuf, Syed Imran Khan, and Noor Hassan. 2019. "Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?." Global Economics Review, IV: 100-107

MLA

    MLA : Amin, Muhammad Yusuf, Syed Imran Khan, and Noor Hassan. "Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?." Global Economics Review, IV.I (2019): 100-107 Print.

OXFORD

    OXFORD : Amin, Muhammad Yusuf, Khan, Syed Imran, and Hassan, Noor (2019), "Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?", Global Economics Review, IV (I), 100-107

TURABIAN

    TURABIAN : Amin, Muhammad Yusuf, Syed Imran Khan, and Noor Hassan. "Does Banking Sector Development have any Association with Economic Growth and Interest Rates in Pakistan?." Global Economics Review IV, no. I (2019): 100-107. https://doi.org/10.31703/ger.2019(IV-I).10