I S Monetary Policy Necessary for the Economic Development of Less Developed Countries with Special Reference to PakistanRabia Najaf*
Riphah International University Islamabad, Islamic Business and Finance, Pakistan
- *Corresponding Author:
- Rabia Najaf
Riphah International University Islamabad
Pakistan, Islamic Business and Finance, Pakistan
Tel: +92 51 111 510 510
E-mail: [email protected]
Received Date: February 25, 2017; Accepted Date: March 09, 2017; Published Date: March 16, 2017
Citation: Najaf R (2017) I S Monetary Policy Necessary for the Economic Development of Less Developed Countries with Special Reference to Pakistan. Bus Eco J 8: 289. doi: 10.4172/2151-6219.1000289
Copyright: © 2017 Najaf R. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
In this paper, observed that impact of monetary policy on development of under developing country like Pakistan. For this purpose, we have utilized the OLS model and taken data from 1982 to 2009. Our results are showing that there is negative association between monetary policy and inflation and there is positive association with GDP and Bop. The most effected recommendations are that for better growth there is need of best favorable investment climate for appropriate interest rate, liquidity management and money market.