Money and central banking
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Blogpost for the MHRC blog, co-authored with my colleagues Eeman Qureshi and Rimsha Arif. An excerpt: “As discussions and developmental work on central bank digital currencies (CBDCs) pick up pace across the world, watchers of Pakistan’s economic evolution are interested in whether we might see a CBDC issued by the State Bank of Pakistan (SBP).
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The State Bank of Pakistan’s (SBP) monetary policy committee (MPC) statement of April 4, 2023 contained a statement which may sound curious to a student of economics: “Broad money growth showed a slight uptick in February, primarily due to a significant expansion in net domestic assets of the banking system. This was largely on account
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This article was published in The Friday Times. You can also read it here on the TFT website. The events of the last few days have brought many images to our screens which showed the quickly crumbling state-society relationship: a soldier’s statue bent over at the knees, the gate of the military GHQ being shaken
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New post for the Monetary Policy Institute which you can read here. An excerpt: “The SBP’s failure to check inflation is completely expected, not because they have been behind the curve, as Uzair Younus argues, but instead because interest rates are not the relevant policy tool for managing the present inflationary pressures. The Pakistani debate on
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The State Bank of Pakistan (Amendment) Act, 2022 (Act No. VI of 2022) is a good case study to illustrate how the intersection of law, politics and institutions is of interest for anyone concerned about the governance of Pakistan. It illustrates how through legislation passed by elected political representatives of the people of Pakistan, the
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Here’s an excerpt from my new blogpost for the Monetary Policy Institute, which you can read here: The man-made political culture and institutional architecture of policy in Pakistan are fraught with difficulties. In this blogpost, I try to shed light on some of these difficulties. Earlier this year, the State Bank of Pakistan Act 1956
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In his February 28, 2022 speech, Prime Minister Imran Khan presented a curious table with inflation data which got me thinking. While the table looked crude and poorly put together, there might in fact have been some method to the seemingly haphazard way the information was presented. The key, I think, is to remember that
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Letter in FT: read here.
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I recently read this article in the Financial Times on central bankers, and wrote this letter to the editor as a response.
Daniyal Khan 