Excessive accumulation of foreign exchange reserves has emerged as an incredible monetary tool particularly after the East Asian crisis of 1997 which somehow seems able not only to stimulate economy but also to stabilize most vulnerable variables like exchange rate, debts and deficits. However...

The aim of this paper is to provide some preliminary evidence on relation between size, diversification and risk in commercial banks of Pakistan. Using a panel of Pakistani banks, we investigated whether bigger banks are better diversified than smaller banks. The results suggested that larger...