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This new edition provides a comprehensive analysis of developments within the financial and monetary system in Pakistan from 1947 to 2003.
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The text chronicles important events in the field of monetary management and critiques monetary and fiscal policies pursued in Pakistan since independence.
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New chapters on inflation, Pakistan's external balances, the Insurance industry and the payments and settlement system.
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New sections on New Keynesianism, Representative Agent Macroeconomics, Theory of Monetary Policy, Regulatory Framework for Non Bank Financial Corporations (NBFCs), BASEL II and the practice of Islamic banking.
This textbook provides a historical record of the growth and development of banking in Pakistan. It chronicles important events in the field of monetary management and critiques monetary and fiscal policies pursued in Pakistan since independence. The sixth edition has been extensively revised and updated and includes new chapters and new sections.
Readership: This book covers graduate and undergraduate courses in Economics, Finance, Banking and Business Studies. It is essential reading for students taking Institute of Bankers and similar professional examinations. This new edition will be an essential reference to policy makers and researchers seeking a comprehensive overview of Pakistan's financial sector.
