Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For long run relationship we use Engle Granger two step procedure and the volatility spillover is modelled through bivariate EGARCH method. The estimated results from cointegration...

Despite the imperfections and complications in the evaluative procedures, the effects of SAP have been assessed in many developing countries. Research carried out by the PIDE-based project “Micro Impact of Macro Adjustment Policies” (MIMAP)1 is a pioneering venture that assesses the impact...