Monetary and Financial Statistics is a Major Tool for Analysis of an Economy: Evidence from Pakistan

Abstract

Proper dissemination and utilization of statistics is a basic requirement for high transparency in financial policies and efficient operation of financial markets, which have long been advocated by international organizations and central bank watchers (Hanke and Morgenstern 2001; Hanke; 2002). State Bank of Pakistan is playing a vital role in disseminating useful and important information in the form of monetary and financial statistics. It is observed that the public/researchers face difficulties in understanding the proper utilization of monetary and financial statistics in the analyses of their country's economy. This paper introduces the application technique of Monetary and Financial Statistics (MFS) in Pakistan under a theoretically sound framework. Findings discover how public/researchers can easily access the information available at web-sites of Financial Institutions. This paper also attempts, to explain the unique linkages of the monetary sector to the real sector economy.