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PERSONAL CHARACTERISTICS OF FINANCE MINISTERS AS A KEY DETERMINATE OF CHANGES IN INTEREST RATES THE CASE OF 35 OECDS NATIONS

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05 Pages : 41 - 51

http://dx.doi.org/10.31703/ger.2021(VI-III).05      10.31703/ger.2021(VI-III).05      Published : Sep 2021

Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations

Abstract

    This research made use of a one-of-a-kind data collection including the personal characteristics of finance ministers from 35 nations that are members of the OECD (2007-2020). In this paper, an effort is made to analyze the influence of scientific publications by finance ministers on the interest rates of OECD member nations' governments. Data is collected from World Bank. A multiple regression model is employed to examine the effects of additional factors. The finding reveals that the correlation is negative and the impact is considerable, the degree of the effect is sensitive to the magnitude of the correlation. In contrast, the educational background of a finance minister, as well as other characteristics such as exports,imports, gross domestic product (GDP), and net trades, has a major influence on the short-term interest rate and long-term interest rate of OECD member nations.

    Personal Characteristics, Determinate of Changes, Interest Rates

    (1) Nadia Bashir
    MS Economics, Lahore lead University, Lahore, Punjab, Pakistan.
    (2) Abdur Rahman
    MS Economics, City University of Science and Information Technology, Peshawar, KP, Pakistan.
    (3) Mujib ur Rahman
    Demonstrator, Abdul Wali Khan University Mardan, KP, Pakistan.
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Cite this article

APA

    APA : Bashir, N., Rahman, A., & Rahman, M. u. (2021). Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations. Global Economics Review, VI(III), 41 - 51. https://doi.org/10.31703/ger.2021(VI-III).05

CHICAGO

    CHICAGO : Bashir, Nadia, Abdur Rahman, and Mujib ur Rahman. 2021. "Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations." Global Economics Review, VI (III): 41 - 51 doi: 10.31703/ger.2021(VI-III).05

HARVARD

    HARVARD : BASHIR, N., RAHMAN, A. & RAHMAN, M. U. 2021. Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations. Global Economics Review, VI, 41 - 51.

MHRA

    MHRA : Bashir, Nadia, Abdur Rahman, and Mujib ur Rahman. 2021. "Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations." Global Economics Review, VI: 41 - 51

MLA

    MLA : Bashir, Nadia, Abdur Rahman, and Mujib ur Rahman. "Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations." Global Economics Review, VI.III (2021): 41 - 51 Print.

OXFORD

    OXFORD : Bashir, Nadia, Rahman, Abdur, and Rahman, Mujib ur (2021), "Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations", Global Economics Review, VI (III), 41 - 51

TURABIAN

    TURABIAN : Bashir, Nadia, Abdur Rahman, and Mujib ur Rahman. "Personal Characteristics of Finance Ministers as a key Determinate of Changes in Interest Rates: The Case of 35 OECDS Nations." Global Economics Review VI, no. III (2021): 41 - 51. https://doi.org/10.31703/ger.2021(VI-III).05