Welcome to Open Science
Contact Us
Home Books Journals Submission Open Science Join Us News
Impact of Financial Crisis on an Economy: Pakistan as a Case
Current Issue
Volume 2, 2015
Issue 2 (March)
Pages: 14-17   |   Vol. 2, No. 2, March 2015   |   Follow on         
Paper in PDF Downloads: 30   Since Aug. 28, 2015 Views: 1657   Since Aug. 28, 2015
Amna Nazeer, Schools of Statistics and Mathematics, HuaZhong University of Science and Technology, Wuhan, China.
Khuram Shafi, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
Zahra Idrees, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
Liu Hua, School of Management, HuaZhong University of Science and Technology, Wuhan, China.
Financial crisis has collapsed the large financial institutions, bailout the banks and downturns in stock market around the world. This paper focuses on the fact that how financial crisis can effect the Pakistan economy. This study takes the floating exchange rate as independent variables because the Asian crisis countries exchange rate prior to the 1997 crisis would suggest that their exchange rate looks very much like pegs to the US dollars for the extend period of time and another is interest rate volatility and the oil prices increases during the decade. The results in scenario to Pakistan showed that the floating or fluctuating exchange rate and interest rate had negative and oil prices had a positive relationship with financial crisis.
Floating Exchange Rate, Interest Rate Volatility, Oil Prices
Hon Chu, K. (2007). Financial crises, liberalization, and government size. Cato J., 27, 37.
Ahmed, V., & OlDonoghue, C. (2010). Global economic crisis and poverty in Pakistan. International Journal of Microsimulation, 3(1), 127-129.
Latif, A., Nazar, M. S., Shah, M. Z., & Shaikh, F. M. (2011). Global Financial Crisis: Macroeconomic Linkage to Pakistan’s Agriculture. Asian Social Science, 7(7), 90-93.
Amjad, R. (2010). Economic and social impact of global financial crisis: implications for macroeconomic and development policies in South Asia. PIDE Monograph Series.
Batool, I., Imran, R., Chani, M. I., Hunjra, A. I., & Jasra, J. M. (2011). Financial crises and economic growth in Pakistan: a time series analysis. Middle-East Journal of Scientific Research, 9(3), 425-430.
Nazir, M. S., Safdar, R., & Akram, M. I. (2012). Impact of Global Financial Crisis on Banks’ Financial Performance in Pakistan. American Journal of Scientific Research, (78), 101-110.
Reinhart, C. M. (2000). The mirage of floating exchange rates. American Economic Review, 65-70.
Goldstein, M., Hills, C. A., & Peterson, P. G. (Eds.). (1999). Safeguarding Prosperity in a Global Financial System: The Future International Financial Architecture: Report of an Independent Task Force Sponsored by the Council on Foreign Relations. Peterson Institute.
Scattaglia, M., & Steinherr, A. (1998). Emerging Market Financing: Potential and Risks Illustrated with a Study of Mexico. Revue économique, 87-102.
Amuzegar, J. (1986). The IMF under fire. Foreign policy, 98-119.
Bird, G. (2001). A suitable case for treatment? Understanding the ongoing debate about the IMF. Third World Quarterly, 22(5), 823-848.
Jensen, N. M. (2004). Crisis, Conditions, and Capital The Effect of International Monetary Fund Agreements on Foreign Direct Investment Inflows. Journal of Conflict Resolution, 48(2), 194-210.
Hamilton, J. D. (2005). Oil and the Macroeconomy. The New Palgrave Dictionary of Economics Palgrave Macmillan, London. Available online at http://www. dictionaryofeconomics. com/dictionary. Jiménez-Rodrίguez, Rebeca and Marcelo Sánchez, 201-228.
Macroeconomics Analysis Of High Oil Prices On Pakistan Economy.
Fryer, D. W. (1987). The political geography of international lending by private banks. Transactions of the Institute of British Geographers, 413-432.
Open Science Scholarly Journals
Open Science is a peer-reviewed platform, the journals of which cover a wide range of academic disciplines and serve the world's research and scholarly communities. Upon acceptance, Open Science Journals will be immediately and permanently free for everyone to read and download.
Office Address:
228 Park Ave., S#45956, New York, NY 10003
Phone: +(001)(347)535 0661
Copyright © 2013-, Open Science Publishers - All Rights Reserved