This paper examines empirical relationship between financial development and economic growth while incorporating the inflation rate effect on financial development for low income countries. The study focuses on both the indirect finance and the direct finance, separately as well as collectively....

We have investigated probablity of debt rescheduling for Pakistan using qualitative response model. The study employ two types of indicators: Economic (financial ratios) and political to assess whether financial ratio or political factors or both affects country’s ability to meet the debt...