Monetary Transmission in Pakistan: The Balance Sheet Channel
Using data of non-financial listed firms over a period of 1999-2010, this paper investigates the effectiveness of balance sheet channel in monetary transmission mechanism in Pakistan. By classifying firms as SME and large, this paper finds a strong evidence for the existence of net worth channel in Pakistan. [SBP WP No. 49]. URL:[http://www.sbp.org.pk/publications/wpapers/2012/wp49.pdf].
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